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Property profile & analytics
OFF-MARKET
Estimated value
$790,000
Warehouses
5920 Tremont Ave Davenport, IA 52807-2656
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-2446387
Property summary
AI-generated overview
This exceptional 10,536-square-foot industrial warehouse property is situated at 5920 TREMONT Avenue, Davenport, IA 52806. Located in the Phoenix Centre Industrial Park at the northwest corner of Tremont Avenue and 59th Street, this single-tenant property offers significant potential. The building, identified by APN X1205-06A, is zoned M-1 and features a total of one building with one suite. Currently configured as a multi-tenant space, a substantial portion of the building—4,550 square feet—is currently vacant and immediately available. The property is classified as both commercial and warehouse space, making it suitable for a variety of industrial and commercial uses. While parking spaces are not currently included on the property, the strategic location within the Phoenix Centre Industrial Park offers convenient access to major transportation routes. This property presents a unique opportunity for businesses seeking a well-located, sizable industrial space in Davenport, Iowa. The property's size and zoning make it ideal for a range of industrial and commercial operations. Interested parties should inquire about lease terms. The property's address is 5920 TREMONT Avenue, Davenport, IA 52806.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1998
Total area
10,338 SF
Lot
1.26 ac (54,824 SF)
APN
X1205-06A
UPID
US25-2446387
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
-
E.J. Welch Company Carpet & Flooring Store Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$768k
Blend (final)
Blend
$790k
Owner & transaction history
Tr Holdings LLC · 1 yrs held
Tr Holdings LLC
since 2024
Last sale
$790,000
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.2M
+66.3%
Neighborhood: shopping center
$885,000
+20.4%
Restaurant
$815,000
+10.9%
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
$790,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$735,000
Current use
OFFICE BUILDING
$1,220,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$885,000
Change: +20% · Conversion: Moderate
RESTAURANT
$815,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$755,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$790k
Range $711k – $869k · ±10% · vs last sale $790k (Sep 3 2024)
Last sale anchor
$790k
Sep 3 2024
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
$76 / 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
$25,206
Tax year 2023
Assessed value
$816,970
Assessed 2024
Previous assessed
$816,970
+0.0% YoY
Effective rate
3.09%
On assessed value
Assessed land
$109,650
Assessed improvement
$707,320
Land market value
$109,650
Improvement market value
$707,320
Total market value
$816,970
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1998
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
10,338 SF
Lot
1.26 ac (54,824 SF)
APN
X1205-06A
UPID
US25-2446387
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
WAREHOUSE, STORAGE Current
Est. value
$735,000
OFFICE BUILDING
Est. value
$1.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$885,000
RESTAURANT
Est. value
$815,000
RETAIL STORES
Est. value
$755,000
WAREHOUSE, STORAGE Current
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
1998
Heating
YES
Cooling
Yes
Stories
1
Lot
1.26 ac
Current owner
From public records · entity-resolved
Tr Holdings LLC
Entity
Mailing address
5167 N UTICA RDG RD, DAVENPORT, IA 52807-3863
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2024
$790,000
Tr Holdings LLC
Kamp Investments LLC
Warranty Deed
$632,000 · Ih Mississippi Valley Cu
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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