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Property profile & analytics
OFF-MARKET
Estimated value
$8,175,000
Office buildings
5348 Elmore Ave Davenport, IA 52807-3859
Individually Owned
Absentee Owner
~
Est. High Equity
Property ID
US25-0913556
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Total area
74,800 SF
Lot
10.72 ac (466,912 SF)
APN
Y0817-02E
UPID
US25-0913556
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.31M
Blend (final)
Blend
$8.18M
Owner & transaction history
Coram Deo Academy
Coram Deo Academy
since 2025
Last sale
$5.2M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$13.2M
+49.0%
Auto repair, garage
$12.3M
+39.0%
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
OFFICE BUILDING
$8,845,000
Current use
MEDICAL BUILDING
$13,185,000
Change: +49% · Conversion: Easy
AUTO REPAIR, GARAGE
$12,295,000
Change: +39% · Conversion: Difficult
Blend value · Realmo final
$8.18M
Range $7.36M – $8.99M · ±10% · vs last sale $5.20M (Jun 25 2025)
Last sale anchor
$5.20M
Jun 25 2025
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
$109 / 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
$376,834
Tax year 2023
Assessed value
$11,198,600
Assessed 2024
Previous assessed
$11,198,600
+0.0% YoY
Effective rate
3.37%
On assessed value
Assessed land
$778,860
Assessed improvement
$10,419,740
Land market value
$778,860
Improvement market value
$10,419,740
Total market value
$11,198,600
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Heating
FORCED AIR
Cooling
CENTRAL
Stories
1
Total area
74,800 SF
Lot
10.72 ac (466,912 SF)
APN
Y0817-02E
UPID
US25-0913556
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
OFFICE BUILDING Current
Est. value
$8.8M
MEDICAL BUILDING
Est. value
$13.2M
AUTO REPAIR, GARAGE
Est. value
$12.3M
OFFICE BUILDING Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
2007
Heating
FORCED AIR
Cooling
Yes
Stories
1
Lot
10.72 ac
Current owner
From public records · entity-resolved
Coram Deo Academy
Individual
Mailing address
1 ATT WAY1B201, BEDMINSTER, NJ 07921-2693
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2025
—
Coram Deo Academy
—
Deed
related
$3,000,000 · Blackhawk Bank & Trust
Sep 25, 2025
$5,200,000
Coram Deo Academy
Telecommunications Springing LLC
Special Warranty Deed
$5,200,000 · Blackhawk Bank & Trust
Jan 21, 2008
$15,500,000
Telecommunications 1031 Venture Dst
At&t Services INC
Corporation Deed
$26,250,000 · Parkway Bank & Trust Co
Feb 21, 2007
$1,860,000
At&t Services INC
Stephen L Schalk
Warranty Deed
—
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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