908 35Th St Davenport, IA 52806
- Office buildings
- 11,791 SF
- 1.12 lot acres
Current Use by Public Records
- Steining Michelle M / Accountant
- Honkamp, P.C. / Tax Preparation / Accounting Firm
- Ludgate Frank C CPA / Accountant
Property Details for 908 35Th St
- Year built
- 1989
- Lot size
- 1.12 lot acres
- Property size
- 11,791 SF
- Property type
- Office buildings
- APN
- P1415-11
- APU
- P141511
Description
This exceptional investment opportunity presents a 20,836-square-foot executive office building located at 908 W 35th St, Davenport, Iowa, 52806. Situated on a 1.12-acre lot, this single-building property is zoned CT and offers a compelling sale-leaseback arrangement with an established regional accounting and advisory firm. The building's substantial size provides ample space for a variety of professional uses. The asking price for this turnkey operation is $6,190,000. This property represents a rare chance to acquire a well-maintained, high-quality office building in a desirable location within Scott County, Iowa. The existing lease provides immediate cash flow and long-term stability for the investor. The property's strategic location offers easy access to major transportation routes and amenities, making it an attractive proposition for both current and future tenants. This is an ideal opportunity for investors seeking a stable, income-producing asset with significant potential for future growth. Detailed financial information and lease terms are available upon request. The property's size, location, and existing tenancy make it a highly desirable investment opportunity. Don't miss this chance to acquire a premier commercial property in the thriving Davenport market.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,375,000
- 6.5%
- $2,195,000
- 7%
- $2,035,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,783,000
- AI Estimate
- $1,173,000
Market price range: $718k - $1.78MMarket price range: $563k - $1.17M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,220,000 Current use
- MEDICAL BUILDING
- $2,080,000 Change: +70% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,940,000 Change: +59% Conversion: Difficult
- WAREHOUSE, STORAGE
- $1,030,000 Change: -16% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Scott
- State
- Iowa
- Longitude
- -90.5854
- Latitude
- 41.5561
- CBSA code
- 19340
- CBSA name
- DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA
