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

    5262 Elmore Ave Davenport, IA 52807-3657

    • Grocery and convenience stores
    • 19,248 SF
    • 0.94 lot acres
    OFF-MARKET
    Value Estimations
    $1,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0851730
    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.

    Current Use by Public Records

    • ALDI / Specialty Food Shop / Supermarket

    Property Details for 5262 Elmore Ave

    Year built
    2010
    Lot size
    0.94 lot acres
    Property size
    19,248 SF
    Property type
    Grocery and convenience stores
    APN
    N0833-02J
    APU
    N083302J

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,689,000
      Market price range: $553k - $3.01M
      AI Estimate
      $1,156,000
      Market price range: $182k - $1.96M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $1,400,000
      Current use
      OFFICE BUILDING
      $2,275,000
      Change: +62% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $1,650,000
      Change: +18% Conversion: Moderate
      RESTAURANT
      $1,520,000
      Change: +8% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,370,000
      Change: -2% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.5312
    Latitude
    41.5733
    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
    $82,268
    $244,620
    $1,995,050
    $2,239,670
    -
    $244,620
    $1,995,050
    $2,239,670

    Comparable in this City

    • Value Estimation
      $6,285,000
      91,842 SF

      1823 Kimberly Rd

      GROCERY, SUPERMARKET • 91,842 SF
      1823 Kimberly Rd, Davenport, IA 52807-2027
      View Details
    • Value Estimation by Request
      975 SF

      3850 Elmore Ave

      CONVENIENCE STORE • 975 SF
      3850 Elmore Ave, Davenport, IA 52807-2582
      View Details
    • Value Estimation by Request
      5,792 SF

      3527 Spg St

      CONVENIENCE STORE • 5,792 SF
      3527 Spg St, Davenport, IA 52807-2116
      View Details
    • Value Estimation by Request
      3,006 SF

      3545 Eastern Ave

      CONVENIENCE STORE • 3,006 SF
      3545 Eastern Ave, Davenport, IA 52807-2025
      View Details
    • Value Estimation
      $1,615,000
      9,169 SF

      2050 53rd St

      CONVENIENCE STORE • 9,169 SF
      2050 53rd St, Davenport, IA 52807-2713
      View Details
    • Value Estimation
      $925,000
      4,997 SF

      4631 53rd St

      CONVENIENCE STORE • 4,997 SF
      4631 53rd St, Davenport, IA 52807-3046
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      9,000 SF

      3850 Elmore Ave

      Individual retail properties • 9,000 SF
      3850 Elmore Ave, Davenport, IA 52807
      View Details
    • $2,500,000
      6,720 SF

      Davenport Shopping Center Investment

      Prime Retail, High-Traffic Location
      4730 Elmore Ave, Davenport, IA 52807
      View Details
    • $4,198,968
      14.83 Acres

      Davenport Commercial Land - 14.83 Acres

      Prime Davenport commercial land, I-80/I-74 visibility.
      14.83 acres Elmore Ave, Davenport, IA 52807
      View Details
    • Contact for pricing
      1,334 SF

      East Davenport Condo with Basement

      Charming 3-bedroom condo with full basement and private patio.
      2514 E 51St St, Davenport, IA 52807
      View Details
    • $90,000
      0.28 Acres

      Residential Land in Davenport, Iowa

      Prime lots near shopping, dining, and entertainment. Bring your builder!
      5810 Indigo Ave, Davenport, IA 52807
      View Details
    • $90,000
      0.30 Acres

      Residential Land in Davenport, Iowa

      Prime residential lots near shopping, dining, and entertainment.
      1705 E 59Th Ct, Davenport, IA 52807
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,033 SF

      Davenport Retail Space Available

      Prime Davenport retail space, flexible layouts.
      2402 53Rd St, Davenport, IA 52807
      View Details
    • $18 SF/Yr
      6,556 SF

      Davenport Retail Space For Lease

      High-traffic Elmore Ave storefront, 1,175 SF available.
      3876 Elmore Ave, Davenport, IA 52807
      View Details
    • $14 SF/Yr
      3,024 SF

      East Davenport Commercial Space

      Prime Office, Retail, Land Opportunity
      3425 Locust St, Davenport, IA 52807
      View Details
    • $2 SF/Yr
      1,850 SF

      Prime Retail Corner in Pheasant Creek

      1,850 SF Retail Space, High Visibility
      2920 53Rd St, Davenport, IA 52807
      View Details
    • Contact for pricing
      90,267 SF

      Kimberly Crossing Retail Center

      Davenport, IA Shopping Center - Spaces Available
      2100 Kimberly Rd, Davenport, IA 52807
      View Details
    • $8 SF/Yr
      10,092 SF

      Kimberly Road Commercial Space

      Prime Retail/Office, 10,092 SF Available
      730 Kimberly Rd, Davenport, IA 52807
      View Details
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    5262 Elmore Ave
    Davenport, IA 52807-3657
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    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
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