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

    6723 Nwnw Blvd Davenport, IA 52806-1558

    • Grocery and convenience stores
    • 11,552 SF
    • 1.61 lot acres
    OFF-MARKET
    Last Sale
    Jun 21, 2021
    $800,000
    Value Estimations
    $810,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0606547
    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

    • Grocery and convenience stores

    Property Details for 6723 Nwnw Blvd

    Year built
    1951
    Lot size
    1.61 lot acres
    Property size
    11,552 SF
    Property type
    Grocery and convenience stores
    APN
    W0332-10D
    APU
    W033210D

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $835,000
      ML approach
      $800,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $598,000
      Market price range: $332k - $1.81M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $840,000
      Current use
      OFFICE BUILDING
      $1,200,000
      Change: +42% Conversion: Easy
      WAREHOUSE, STORAGE
      $1,010,000
      Change: +20% Conversion: Difficult
      NEIGHBORHOOD: SHOPPING CENTER
      $990,000
      Change: +18% Conversion: Moderate
      RESTAURANT
      $910,000
      Change: +8% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.6091
    Latitude
    41.5894
    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
    $21,972
    $280,640
    $440,860
    $721,500
    -
    $280,640
    $440,860
    $721,500

    Comparable in this City

    • Value Estimation
      $2,650,000
      15,559 SF

      8200 Nwnw Blvd

      CONVENIENCE STORE • 15,559 SF
      8200 Nwnw Blvd, Davenport, IA 52806-6401
      View Details
    • Value Estimation
      $650,000
      20,738 SF

      3643 Kimberly Rd

      GROCERY, SUPERMARKET • 20,738 SF
      3643 Kimberly Rd, Davenport, IA 52806-3061
      View Details
    • Value Estimation
      $900,000
      4,608 SF

      8320 Hillandale Rd

      CONVENIENCE STORE • 4,608 SF
      8320 Hillandale Rd, Davenport, IA 52806-6449
      View Details
    • Value Estimation
      $5,115,000
      78,211 SF

      2200 Kimberly Rd

      GROCERY, SUPERMARKET • 78,211 SF
      2200 Kimberly Rd, Davenport, IA 52806-5369
      View Details
    • Value Estimation
      $1,555,000
      2,585 SF

      201 53rd St

      CONVENIENCE STORE • 2,585 SF
      201 53rd St, Davenport, IA 52806-2256
      View Details
    • Value Estimation by Request
      2,498 SF

      21010 Brady St

      CONVENIENCE STORE • 2,498 SF
      21010 Brady St, Davenport, IA 52806-9308
      View Details

    Similar Nearby for Sale

    • $5,004,000

      Davenport Commercial Land Opportunity

      Prime Development Site, High Visibility
      5202 Brady St, Davenport, IA 52806
      View Details
    • $850,000
      7,400 SF

      Office and Training Center Building

      Office building with training center near Business Route 61.
      3709 North Harrison St, Davenport, IA 52806
      View Details
    • $800,000
      1.02 Acres

      High-Visibility Davenport Restaurant Site

      1.02-Acre Commercial Property, Vacant
      3333 Kimberly Rd, Davenport, IA 52806
      View Details
    • Contact for pricing
      2.00 Acres

      Brady Plaza: Davenport Retail Land

      Prime Davenport retail land, 2 acres, 30,000 SF potential.
      3560 Brady St, Davenport, IA 52806
      View Details
    • $203,000
      2.73 Acres

      Davenport Commercial Land - 2.73 Acres

      Prime Davenport commercial lot, ideal for various uses.
      0 50Th St, Davenport, IA 52806
      View Details
    • $275,000
      1.13 Acres

      Davenport Commercial Land - $275K

      1.13 Acres, C-3 Zoning, High Traffic
      104 Kimberly Rd, Davenport, IA 52806
      View Details

    Similar Nearby for Lease

    • $9 SF/Yr
      20,500 SF

      Prime Kimberly Road Retail Space

      Three Suites Available, High Traffic Area
      102 Kimberly Rd, Davenport, IA 52806
      View Details
    • Contact for pricing
      234,224 SF

      Kimberly Road Retail Center

      Prime Retail Space, Multiple Units Available
      902 Kimberly Rd, Davenport, IA 52806
      View Details
    • $14 SF/Yr
      5,587 SF

      Davenport Restaurant Space Available

      Prime Kimberly Rd location, 5,587 sq ft.
      2140 Kimberly Rd, Davenport, IA 52806
      View Details
    • Contact for pricing
      32,000 SF

      Kimberly Commons Retail Center

      Davenport, IA: Prime Retail Space Available
      3101 Kimberly Rd, Davenport, IA 52806
      View Details
    • $14 SF/Yr
      18,627 SF

      Davenport IA Commercial Building

      18,627 SF Flex Space - Lease/Sale
      3711 Harrison St, Davenport, IA 52806
      View Details
    • $5 SF/Yr
      90,052 SF

      Davenport Commercial Property Investment

      Prime Davenport location, high visibility, immediate occupancy.
      1010 Kimberly Rd, Davenport, IA 52806
      View Details
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    6723 Nwnw Blvd
    Davenport, IA 52806-1558
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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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