NOT LISTED FOR SALE

3502 W Kimberly Rd Davenport, IA 52806

North Side Neighborhood

Estimated Value: $2,080,746

-- Bed
-- Bath
1,200 Sq Ft
$1,734/Sq Ft Est. Value

Last Sold March 22, 2022

Last sale price $1,625,000 $1,354 Per Sq Ft

Est. 28% increase in value since last sale

Current estimated payment $14,285/month

69 Days on Market

About This Home

As of March 2022

100% leased investment strip mall located across from super Wal-Mart in West Davenport, IA. First-class construction built in 2004. Neighbors include Super Wal-Mart, IH Mississippi Credit Union, U-Haul, Culvers, Discount Tire, Genesis Medical Center, DuTrac Credit Union, and more. C-3 zoning. NOI=$130,926. For sale at $1,695,000 (7.72% CAP rate).

Last Agent to Sell the Property

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998 Listed on: 11/09/2021

NAI Ruhl Commercial Company

Last Buyer's Agent

Shawn Langan

NAI Ruhl Commercial Company License #S62759000/475.162291

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $34,702

Year Built

  • Built in 2004

Lot Details

  • 1.09

Utilities

  • Central Air
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, common area maintenance, snow/lawn, gas, electric, water/sewer, management
  • The owner pays for structural maintenance, roof

Property Details

Property Type

Other

Est. Annual Taxes

$34,702

Year Built

Built in 2004

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Investment
  • Lvt Date: 11/10/2021
  • Year Built: 2004
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Reinforced Concrete
  • Total Building Sq Ft: 7800
  • Estimated Lot Sq Ft: 47,549

Exterior Features

  • Exterior Finish: Brick, EFIS
  • Frontage Access: Paved 4Lane, Paved 6Lane
  • Insulation: Party Walls, Roof, Side Walls
  • Roof Construction: Membrane
  • Wall Construction: Frame

Utilities

  • Electric Company: MidAmerican
  • Cooling: Central Air, Individual Units
  • Heating: Gas, Individual Units
  • Water Supply: Municipal/City
  • Gas Company: MidAmerican
  • Water Company: Iowa American

Lot Info

  • Estimated Number of Acres: 1.09
  • Zoning: C-3
  • Geo Subdivision: IA
  • Irregular Lot: No

Rental Info

  • Lease Type: Net
  • Owner Pays: Structural Maintenance, Roof
  • Sale Lease Includes: Building
  • Tenant Pays: Real Estate Taxes, Insurance, Common Area Maint, Snow/Lawn, Gas, Electric, Water/Sewer, Management
  • Terms Lease: Other Term/Lease

Tax Info

  • Annual Taxes: 34702
  • Parcel Id Number Tax Id: O1617D05B
  • Tax Incentive: In City Limit
  • Tax Year: 2020

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Nov 9, 2021
Closed on
Mar 14, 2022
Sold by
W K Development Inc
Bought by
3502 W Kimberly Llc
Seller's Agent
Charlie Armstrong
NAI Ruhl Commercial Company
Buyer's Agent
Shawn Langan
NAI Ruhl Commercial Company
List Price
$1,695,000
Sold Price
$1,625,000
Premium/Discount to List
-$70,000
-4.13%
Current Estimated Value
$2,080,746

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$455,746
Avg. Annual Appreciation
6.91%
Original Mortgage
$1,420,000
Outstanding Balance
$424,818
Interest Rate
3.09%
Mortgage Type
Credit Line Revolving
Estimated Equity
$1,655,928
Source: Public Records

Range of Values:

--
Value Increase
--
Percent Increase
--
Adjusted for Inflation
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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
3502 W Kimberly Llc $1,775,000 None Listed On Document
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open 3502 W Kimberly Llc $1,420,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/22/2022 03/22/22 Sold $1,625,000 -4.1% $1,354 / Sq Ft
01/17/2022 01/17/22 Pending -- -- --
11/09/2021 11/09/21 For Sale $1,695,000 -- $1,413 / Sq Ft
Source: RMLS Alliance

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $39,942 $1,316,250 $285,290 $1,030,960
2024 $40,135 $1,248,810 $285,290 $963,520
2023 $35,704 $1,248,810 $285,290 $963,520
2022 $35,306 $1,071,140 $285,290 $785,850
2021 $35,272 $1,071,140 $285,290 $785,850
2020 $34,848 $1,066,930 $285,290 $781,640
2019 $29,948 $936,660 $285,290 $651,370
2018 $32,344 $936,660 $285,290 $651,370
2017 $9,023 $1,002,520 $285,290 $717,230
2016 $24,602 $792,000 $0 $0
2015 $24,602 $792,000 $0 $0
2014 $25,892 $792,000 $0 $0
2013 $29,218 $0 $0 $0
2012 -- $792,000 $317,000 $475,000
Source: Public Records

Agents Affiliated with this Home

  • Charlie Armstrong

    Seller's Agent in 2022

    Charlie Armstrong

    NAI Ruhl Commercial Company

    (563) 529-6600

    16 in this area

    40 Total Sales

    Charlie Armstrong
    Section Image
  • Shawn Langan

    Buyer's Agent in 2022

    Shawn Langan

    NAI Ruhl Commercial Company

    (563) 823-5118

    20 in this area

    99 Total Sales

    Shawn Langan
    Section Image
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Map

Source: RMLS Alliance

MLS Number: QC4228273

RMLS Alliance

APN: O1617D05B

Iowa Scott County Davenport 52806 North Side

3502 W Kimberly Rd, Davenport, IA

Not Listed for Sale

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