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Property profile & analytics
OFF-MARKET
Estimated value
$835,000
Warehouses
720 59th St Davenport, IA 52807-2660
Individually Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0536805
Property summary
AI-generated overview
This exceptional 1.25-acre commercial and industrial land parcel, located at 720 E 59th St, Davenport, Iowa, 52807, presents a unique investment opportunity. Currently platted as Parcel X1203-11G, the seller will finalize the platting process and adjust the final sale price to reflect the exact parcel size upon closing. The property is zoned I-1, offering a wide range of potential uses. Access to the property is via a private drive, ensuring convenient and secure entry. High visibility is ensured by the availability of 59th Street signage, providing excellent branding opportunities for any business. This property is held under Land Contract (LC) ownership and is priced competitively at $125,000. The location in Scott County, Iowa, offers easy access to major transportation routes and a thriving local economy. This is an ideal site for businesses seeking a strategic location with excellent visibility and zoning flexibility. Don't miss this chance to acquire a valuable piece of Davenport real estate.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Total area
7,000 SF
Lot
2.35 ac (102,262 SF)
APN
X1203-11G
UPID
US25-0536805
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
-
Star Food Service Equipment Repair Home Appliance Store
-
Campbell Electric Electrical Service General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$840k
Comparable Approach
Comparable
$753k
Blend (final)
Blend
$835k
Owner & transaction history
Spyglass Lc · 3 yrs held
Spyglass Lc
since 2023
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.2M
+147.9%
Auto repair, garage
$1.2M
+131.2%
Office building
$830,000
+66.3%
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%
$910,000
6.5%
$840,000
7%
$780,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,235,000
Change: +148% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,150,000
Change: +131% · Conversion: Easy
OFFICE BUILDING
$830,000
Change: +66% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$600,000
Change: +20% · Conversion: Moderate
RESTAURANT
$550,000
Change: +11% · Conversion: Difficult
RETAIL STORES
$510,000
Change: +2% · Conversion: Moderate
Blend value · Realmo final
$835k
Range $752k – $919k · ±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
$119 / 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
$24,660
Tax year 2023
Assessed value
$800,850
Assessed 2024
Previous assessed
$800,850
+0.0% YoY
Effective rate
3.08%
On assessed value
Assessed land
$63,020
Assessed improvement
$737,830
Land market value
$63,020
Improvement market value
$737,830
Total market value
$800,850
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
1992
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
7,000 SF
Lot
2.35 ac (102,262 SF)
APN
X1203-11G
UPID
US25-0536805
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
MEDICAL BUILDING
Est. value
$1.2M
AUTO REPAIR, GARAGE
Est. value
$1.2M
OFFICE BUILDING
Est. value
$830,000
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$600,000
RESTAURANT
Est. value
$550,000
RETAIL STORES
Est. value
$510,000
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1992
Heating
YES
Cooling
Yes
Stories
1
Lot
2.35 ac
Current owner
From public records · entity-resolved
Spyglass Lc
Individual
Mailing address
1850 W 54TH ST, DAVENPORT, IA 52806-2505
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 27, 2023
$522,500
Spyglass Lc
Clifford M Neilson
Warranty Deed
$405,000 · Great Southern Bank
Nov 19, 2007
—
William S Neilson
Abc Partners
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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