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Property profile & analytics
OFF-MARKET
Estimated value
$885,000
Strip malls
5216 Sheridan St Davenport, IA 52806-3972
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-1308951
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2003
Construction
FRAME
Total area
9,108 SF
Lot
1.83 ac (79,584 SF)
APN
P1112A02
UPID
US25-1308951
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Benco Dental Supply Co Dental Office
-
Power Wash Car Wash
-
Patterson Dental Co Dental Office
-
Jason L. Rannfeldt, DC Alternative Medicine Practice
-
Tradesmen International Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.10M
Blend (final)
Blend
$885k
Owner & transaction history
Tri State Commercial LLC · 18 yrs held
Tri State Commercial LLC
since 2008
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$945,000
+21.1%
Warehouse, storage
$795,000
+2.0%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Davenport submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Davenport submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$780,000
Current use
OFFICE BUILDING
$945,000
Change: +21% · Conversion: Moderate
WAREHOUSE, STORAGE
$795,000
Change: +2% · Conversion: Difficult
RESTAURANT
$720,000
Change: -8% · Conversion: Difficult
RETAIL STORES
$665,000
Change: -15% · Conversion: Easy
Blend value · Realmo final
$885k
Range $797k – $974k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$97 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$35,530
Tax year 2023
Assessed value
$1,121,790
Assessed 2024
Previous assessed
$1,121,790
+0.0% YoY
Effective rate
3.17%
On assessed value
Assessed land
$238,750
Assessed improvement
$883,040
Land market value
$238,750
Improvement market value
$883,040
Total market value
$1,121,790
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
9,108 SF
Lot
1.83 ac (79,584 SF)
APN
P1112A02
UPID
US25-1308951
Jurisdiction
SCOTT
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$780,000
OFFICE BUILDING
Est. value
$945,000
WAREHOUSE, STORAGE
Est. value
$795,000
RESTAURANT
Est. value
$720,000
RETAIL STORES
Est. value
$665,000
NEIGHBORHOOD: SHOPPING CENTER Current
OFFICE BUILDING
WAREHOUSE, STORAGE
RESTAURANT
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
1.83 ac
Current owner
From public records · entity-resolved
Tri State Commercial LLC
Entity
Mailing address
4 SUMMER PL, BETTENDORF, IA 52722-7544
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 23, 2020
—
Parkwild Properties Lc
—
Deed
related
$200,000 · Tbk Bank Ssb
Nov 12, 2019
—
Parkwild Properties LLC
—
Deed
related
$825,000 · Two Rivers Bank And Trust
Mar 19, 2008
$765,000
Tri State Commercial LLC
Jem Ventures LLC
Warranty Deed
$717,646 · Us Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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