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Property profile & analytics
OFF-MARKET
Estimated value
$10,350,000
Commercial kitchens
7077 Elmore Ave Davenport, IA 52807-3636
Entity Owned
Free & Clear
Property ID
US25-2397072
Property profile
Verified
Property type
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Year built
2015
Total area
92,431 SF
Lot
40.01 ac (1,742,836 SF)
APN
Y0607A02
UPID
US25-2397072
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
-
Robert's Buffet Restaurant Buffet
-
Event Center at Rhythm City Hotel & Motel Resort
-
Ruthie's Steaks & Seafood Restaurant
-
The Spa at Rhythm City Casino Resort Spa & Massage Center
-
Rhythm City Casino Resort® Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.39M
Blend (final)
Blend
$10.35M
Owner & transaction history
RHYTHM CITY CASINO LLC
RHYTHM CITY CASINO LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$16.3M
+123.5%
Auto repair, garage
$15.2M
+108.5%
Office building
$10.9M
+50.0%
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
RESTAURANT
$7,290,000
Current use
MEDICAL BUILDING
$16,290,000
Change: +124% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,195,000
Change: +108% · Conversion: Difficult
OFFICE BUILDING
$10,930,000
Change: +50% · Conversion: Moderate
NEIGHBORHOOD: SHOPPING CENTER
$7,915,000
Change: +9% · Conversion: Difficult
RETAIL STORES
$6,730,000
Change: -8% · Conversion: Easy
WAREHOUSE, STORAGE
$6,570,000
Change: -10% · Conversion: Difficult
Blend value · Realmo final
$10.35M
Range $9.32M – $11.39M · ±10%
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
$112 / 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
$2,191,620
Tax year 2023
Assessed value
$64,779,200
Assessed 2024
Previous assessed
$64,779,200
+0.0% YoY
Effective rate
3.38%
On assessed value
Assessed land
$6,001,250
Assessed improvement
$58,777,950
Land market value
$6,001,250
Improvement market value
$58,777,950
Total market value
$64,779,200
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
Commercial kitchens
Use group
TAKE-OUT RESTAURANT
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
2
Stories
6
Total area
92,431 SF
Lot
40.01 ac (1,742,836 SF)
APN
Y0607A02
UPID
US25-2397072
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
RESTAURANT Current
Est. value
$7.3M
MEDICAL BUILDING
Est. value
$16.3M
AUTO REPAIR, GARAGE
Est. value
$15.2M
OFFICE BUILDING
Est. value
$10.9M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$7.9M
RETAIL STORES
Est. value
$6.7M
WAREHOUSE, STORAGE
Est. value
$6.6M
RESTAURANT Current
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
RETAIL STORES
WAREHOUSE, STORAGE
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
2015
Heating
NONE
Stories
6
Buildings
2
Lot
40.01 ac
Current owner
From public records · entity-resolved
RHYTHM CITY CASINO LLC
Entity
Free & Clear · 0 yrs held
Mailing address
7077 ELMORE AVE, DAVENPORT, IA 52807-3636
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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