Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    500 59th St Davenport, IA 52807-2623

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    500 59th St Davenport, IA 52807-2623

    View on Map
    • Warehouses
    • 178,023 SF
    • 19.10 lot acres
    Off-Market
    Property ID
    US25-0629979
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $3,825,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Murray's Warehousing / Storage Facility
    • Child Care Resource & Referral / Daycare Center / Foster Care Service
    • Child Care Resource & Referral of Southeast Iowa - Community Action of Eastern Iowa / Daycare Center / Foster Care Service
    • Community Action of Eastern Iowa / Charitable Organization / Social Service Agency

    Property Details for 500 59th St

    Year built
    1970
    Lot size
    19.10 lot acres
    Property size
    178,023 SF
    Property type
    Warehouses
    APN
    X1201-02A
    APU
    X120102A

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,235,000
      Market price range: $5.24M - $23.4M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5675
    Latitude
    41.5809
    CBSA code
    19340
    CBSA name
    DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $124,796
    $598,310
    $3,159,010
    $3,757,320
    -
    $598,310
    $3,159,010
    $3,757,320

    Comparable in this City

    • Value Estimation by Request
      114,000 SF

      5111 Tremont Ave

      Distribution properties • 114,000 SF
      5111 Tremont Ave, Davenport, IA 52807
      View Details
    • Value Estimation by Request
      960 SF

      5401 Carey Ave, Unit 2

      WAREHOUSE, STORAGE • 960 SF
      5401 Carey Ave, Davenport, IA 52807-2646
      View Details
    • Value Estimation
      $1,960,000
      15,264 SF

      4919 Tremont Ave

      WAREHOUSE, STORAGE • 15,264 SF
      4919 Tremont Ave, Davenport, IA 52807-1008
      View Details
    • Value Estimation
      $1,685,000
      23,694 SF

      5880 Tremont Ave

      WAREHOUSE, STORAGE • 23,694 SF
      5880 Tremont Ave, Davenport, IA 52807-2657
      View Details
    • Value Estimation by Request
      1,200 SF

      5401 Carey Ave, Unit 8

      WAREHOUSE, STORAGE • 1,200 SF
      5401 Carey Ave, Davenport, IA 52807-2646
      View Details
    • Value Estimation
      $2,660,000
      22,615 SF

      5885 Tremont Ave

      WAREHOUSE, STORAGE • 22,615 SF
      5885 Tremont Ave, Davenport, IA 52807-2650
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Move-In Ready First Floor Condo

      First-floor condo with open floor plan, modern kitchen, and patios.
      3415 Eastern Ave, Davenport, IA 52807
      View Details
    • Contact for pricing
      9,000 SF

      3850 Elmore Ave

      Grocery and convenience stores • 9,000 SF
      3850 Elmore Ave, Davenport, IA 52807
      View Details
    • $4,300,000
      15.25 Acres

      Prime Davenport Commercial Land

      15.25 Acres, High Visibility, $4.3M
      5800 Elmore Ave, Davenport, IA 52807
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Birchwood Office Building

      Discover many ways to work your way in Birchwood Office Building
      4620 53Rd St, Davenport, IA 52807
      View Details
    • $0.42 SF/Yr
      1,298 SF

      Davenport Office Space For Lease

      Modern Office Suites, Excellent Location
      960 53Rd St, Davenport, IA 52807
      View Details
    • Contact for pricing

      Retail Space For Lease

      Retail space available for lease in Davenport, Iowa.
      2100 E Kimberly Rd, Davenport, IA 52807
      View Details
    • Contact for pricing

      Medical/Office Suites For Lease

      Premier medical/office suites available for lease.
      3385 Dexter Ct, Davenport, IA 52807
      View Details
    • $180 SF/Yr

      Medical Space Available For Lease

      Commercial medical space for lease in Davenport, available 08/01/2026.
      4622 Progress Dr, Davenport, IA 52807
      View Details
    • Contact for pricing

      Davenport Retail Space For Rent

      Retail space in a lively Davenport location near major shopping.
      2402 E 53Rd St, Davenport, IA 52807
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    500 59th St
    Davenport, IA 52807-2623
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!