NOT LISTED FOR SALE

3616 W Kimberly Rd Davenport, IA 52806

North Side Neighborhood

Estimated Value: $2,342,686

-- Bed
-- Bath
86,448 Sq Ft
$27/Sq Ft Est. Value

Last Sold June 11, 2015

Last sale price $1,267,000 $15 Per Sq Ft

Est. 85% increase in value since last sale

Current estimated payment $14,678/month

369 Days on Market

About This Home

As of June 2015

Former K-Mart store on West Kimberly Road across from Super Wal-Mart. 86,448 SF precast building built in 1977 with 16' sidewalls located on 9.69 acre lot. Large lighted blacktop parking lot. Great location with high traffic counts of 26,000 VPD. C-2 zoning. Building in good condition. Parking lot needs work. Building sold in "As-Is" condition.

Last Agent to Sell the Property

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998 Listed on: 11/06/2013

NAI Ruhl Commercial Company

Last Buyer's Agent

Charlie Armstrong

NAI Ruhl Commercial Company License #S41067000/475.130998 Listed on: 11/06/2013

NAI Ruhl Commercial Company

Property Details

Property Type

  • Other

Year Built

  • Built in 1977

Lot Details

  • 9.69

Utilities

  • Forced Air Heating and Cooling System
  • Heating System Uses Gas

Listing and Financial Details

  • Tenant pays for real estate taxes, insurance, internal maintenance, janitorial, trash, snow/lawn, gas, electric
  • The owner pays for structural maintenance

Property Details

Property Type

Other

Year Built

Built in 1977

Lot Details

0

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 1977
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Reinforced Concrete, Tile/Vinyl
  • Maximum Ceiling Ht Feet: 16
  • Other Access: None
  • Total Building Sq Ft: 86448
  • Estimated Lot Sq Ft: 422096

Exterior Features

  • Exterior Finish: Concrete
  • Frontage Access: Paved 4Lane, Corner Lot, City Street
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane, Flat
  • Wall Construction: Tiltup Concrete

Utilities

  • Cooling: Central Air
  • Heating: Forced Air, Gas
  • Security System: Yes
  • Water Supply: Municipal/City

Lot Info

  • Estimated Number of Acres: 9.69
  • Zoning: C-2
  • Geo Subdivision: IA

Rental Info

  • Monthly Lease Rate: 19811
  • Lease Dollar Sq Ft: 2.75
  • Owner Pays: Structural Maintenance
  • Sale Lease Includes: Building, Land
  • Tenant Pays: Real Estate Taxes, Insurance, Internal Maintenance, Janitorial, Trash, Snow/Lawn, Gas, Electric
  • Terms Lease: 3 Years, 4 Years, 5 Years, Other Term/Lease

Tax Info

  • Annual Taxes: 117628
  • Parcel Id Number Tax Id: O-1617D02A
  • Estimated Taxes Sq Ft: 1.36
  • Tax Incentive: In City Limit
  • Tax Year: 2012

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Feb 14, 2022
Sold by
Arec 32 Llc and Uhil 32 Llc
Bought by
Voya Retirement Ins & Annuity and Annuity Company
Current Estimated Value
$2,342,686

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$26,000,000
Outstanding Balance
$17,311,506
Interest Rate
3.55%
Mortgage Type
New Conventional

Purchase Details

Listed on
Nov 6, 2013
Closed on
Jun 2, 2015
Sold by
Devenport Chester Llc
Bought by
Amerco Real Estate Co
Seller's Agent
Charlie Armstrong
NAI Ruhl Commercial Company
Buyer's Agent
Charlie Armstrong
NAI Ruhl Commercial Company
List Price
$1,535,000
Sold Price
$1,267,000
Premium/Discount to List
-$268,000
-17.46%

Purchase Details

Closed on
Nov 10, 2014
Sold by
Kadish Lawrence and Kadish Susan
Bought by
Davenport Chester Llc
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
Voya Retirement Ins & Annuity $26,500 None Listed On Document
Amerco Real Estate Co $1,267,000 None Available
Davenport Chester Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Voya Retirement Ins & Annuity $26,000,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
06/11/2015 06/11/15 Sold $1,267,000 -17.5% $15 / Sq Ft
11/10/2014 11/10/14 Pending -- -- --
11/06/2013 11/06/13 For Sale $1,535,000 -- $18 / 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 $109,366 $3,776,600 $610,140 $3,166,460
2024 $109,172 $3,295,990 $610,140 $2,685,850
2023 $106,112 $3,295,990 $610,140 $2,685,850
2022 $109,730 $3,075,520 $610,140 $2,465,380
2021 $109,730 $3,075,520 $610,140 $2,465,380
2020 $109,188 $3,075,520 $610,140 $2,465,380
2019 $104,948 $2,958,120 $610,140 $2,347,980
2018 $104,800 $2,958,120 $610,140 $2,347,980
2017 $98,680 $2,949,100 $610,140 $2,338,960
Source: Public Records

Agents Affiliated with this Home

  • Charlie Armstrong

    Seller's Agent in 2015

    Charlie Armstrong

    NAI Ruhl Commercial Company

    (563) 529-6600

    16 in this area

    40 Total Sales

    Charlie Armstrong
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Map

Source: RMLS Alliance

MLS Number: RMAQC7032541

RMLS Alliance

APN: O1617D02A1

Iowa Scott County Davenport 52806 North Side

3616 W Kimberly Rd, Davenport, IA

Not Listed for Sale

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