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    600 Le Claire Rd Eldridge, IA 52748-1707

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    600 Le Claire Rd Eldridge, IA 52748-1707

    View on Map
    • Strip malls
    • 27,040 SF
    • 2.59 lot acres
    Off-Market
    Property ID
    US25-0881356
    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
    $1,010,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • North Scott Physical Therapy / Physician
    • Fly Pies - Cauliflower Crust Pizza / Take-out & Catering
    • Kevin Swanson / Physician
    • Gyro 600 - Eldridge / Restaurant

    Property Details for 600 Le Claire Rd

    Year built
    1983
    Lot size
    2.59 lot acres
    Property size
    27,040 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    9311532021
    APU
    9311532021

    Description

    Eldridge Plaza, located at 600 E Le Claire Rd in Eldridge, Iowa (zip code 52748), presents a fantastic opportunity for retail businesses. This 4,000 square foot retail property is currently fully vacant and available for lease. The building underwent renovations in 2010, ensuring modern amenities and a well-maintained structure. The space is flexible, offering a minimum divisible unit of 2,000 square feet and a maximum contiguous space of 4,000 square feet, catering to a variety of business needs and sizes. Situated in Scott County, Iowa, this property benefits from excellent visibility and accessibility, making it an ideal location for attracting customers. The entire 4,000 square feet is available for lease to a single tenant, providing a significant presence in the Eldridge market. This is a rare opportunity to secure a substantial retail space in a desirable location. The property's address is easily accessible and offers ample parking for customers and employees. The 2010 renovations ensure a modern and updated space ready for immediate occupancy. This is a turnkey solution for businesses seeking a prominent retail location in Eldridge, Iowa.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $927,000
      Market price range: $927k - $2.35M

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

    Location Insight

    • Map
    • Local Demand
    City
    Eldridge
    County
    Scott
    State
    Iowa
    Longitude
    -90.5751
    Latitude
    41.6553
    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
    $33,688
    $431,000
    $1,030,200
    $1,461,200
    -
    $431,000
    $1,030,200
    $1,461,200

    Comparable in this City

    • Value Estimation by Request
      1,779 SF

      100 4th Ave

      SHOPPING CENTER, STRIP CENTER • 1,779 SF
      100 4th Ave, Eldridge, IA 52748-1940
      View Details
    • Value Estimation
      $615,000
      4,949 SF

      Eldridge, IA 52748

      SHOPPING CENTER, STRIP CENTER • 4,949 SF
      Eldridge, IA 52748
      View Details
    • Value Estimation
      $1,405,000
      13,832 SF

      150 4th Ave

      SHOPPING CENTER, STRIP CENTER • 13,832 SF
      150 4th Ave, Eldridge, IA 52748-1939
      View Details
    • Value Estimation
      $1,475,000
      7,760 SF

      621 Le Claire Rd

      SHOPPING CENTER, STRIP CENTER • 7,760 SF
      621 Le Claire Rd, Eldridge, IA 52748-1705
      View Details
    • Value Estimation by Request
      1,651 SF

      100 4th Ave

      SHOPPING CENTER, STRIP CENTER • 1,651 SF
      100 4th Ave, Eldridge, IA 52748-1940
      View Details
    • Value Estimation by Request
      9,548 SF

      350 Le Claire Rd

      SHOPPING CENTER, STRIP CENTER • 9,548 SF
      350 Le Claire Rd, Eldridge, IA 52748-1724
      View Details

    Similar Nearby for Sale

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      7,600 SF

      Eldridge Commercial Building Opportunity

      Spacious 7,600 sq ft building on 1.45 acres.
      121 6Th Ave, Eldridge, IA 52748
      View Details
    • Contact for pricing

      Eldridge Commercial Land For Sale

      0.924 AC commercial land in Eldridge, Iowa available for sale.
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    • $6,545,000
      77.15 Acres

      Expansive Agricultural Land in Davenport, IA

      77.15 acres of agricultural land, ideal for farming.
      2024 Slopertown Rd, Davenport, IA 52748
      View Details
    • $325,000
      4,050 SF

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      High-Yield Quadplex, Prime Location
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      View Details
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    600 Le Claire Rd
    Eldridge, IA 52748-1707
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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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