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    8450 Fairmount St Davenport, IA 52806-6443

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    8450 Fairmount St Davenport, IA 52806-6443

    View on Map
    • Warehouses
    • 19,800 SF
    • 1.47 lot acres
    Off-Market
    Property ID
    US25-0805596
    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
    $655,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Box Drop Davenport / Furniture & Home Goods

    Property Details for 8450 Fairmount St

    Year built
    2022
    Construction
    FRAME
    Lot size
    1.47 lot acres
    Property size
    19,800 SF
    Property type
    Warehouses
    APN
    V3223A03
    APU
    V3223A03

    Description

    This exceptional industrial property, located at 8450 N FAIRMOUNT Street in Davenport, Iowa, offers a prime opportunity for businesses seeking versatile and well-equipped space. The single building comprises multiple 30x60 heated contactor suites, each designed for optimal functionality and efficiency. Each suite boasts a 14x14 automatic overhead door complete with a keypad and opener, ensuring secure and convenient access. High ceilings (17 feet) provide ample vertical space, while the concrete pad offers a durable and level working surface. Modern LED lighting illuminates the space effectively, reducing energy costs. Additional features include a restroom, a mop sink, a floor drain with an integrated oil separator, a water heater, and a convenient water spigot. Three-phase power is available, catering to a range of industrial needs. Designated parking is provided for each individual suite. Tenants are responsible for all utilities. The property is situated in Scott County, Iowa, with a zip code of 52806, and is readily accessible. This move-in ready space is available immediately. The property's features make it ideal for a variety of industrial uses, offering a combination of convenience, functionality, and modern amenities.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $455,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $572,000
      Market price range: $572k - $2.63M

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

    Location Insight

    • Map
    • Local Demand
    City
    Davenport
    County
    Scott
    State
    Iowa
    Longitude
    -90.6291
    Latitude
    41.6051
    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
    $10,718
    $80,040
    $441,090
    $521,130
    -
    $0.00
    $0.00
    $1,550,340

    Comparable in this City

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      View Details
    • Value Estimation
      $520,000
      4,000 SF

      130 Research Pkwy

      WAREHOUSE, STORAGE • 4,000 SF
      130 Research Pkwy, Davenport, IA 52806-0008
      View Details
    • Value Estimation
      $5,000,000
      75,000 SF

      110 Research Pkwy

      WAREHOUSE, STORAGE • 75,000 SF
      110 Research Pkwy, Davenport, IA 52806-0008
      View Details
    • Value Estimation
      $1,255,000
      16,060 SF

      9650 Harrison St

      WAREHOUSE, STORAGE • 16,060 SF
      9650 Harrison St, Davenport, IA 52806-7338
      View Details
    • Value Estimation by Request
      520 SF

      Davenport, IA 52806

      WAREHOUSE, STORAGE • 520 SF
      Davenport, IA 52806
      View Details
    • Value Estimation
      $11,110,000
      119,808 SF

      727 Veterans Memorial Pkwy

      WAREHOUSE, STORAGE • 119,808 SF
      727 Veterans Memorial Pkwy, Davenport, IA 52806-7604
      View Details

    Similar Nearby for Sale

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      View Details
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    Similar Nearby for Lease

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      View Details
    • $8 SF/Yr
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      Davenport Industrial Warehouse Space

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      View Details
    • Contact for pricing
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      New Industrial Warehouse in Davenport

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      View Details
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      Warehouse Space - West Davenport

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      View Details
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    Davenport, IA 52806-6443
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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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