NOT LISTED FOR SALE

Estimated Value: $3,328,081

-- Bed
-- Bath
6,720 Sq Ft
$495/Sq Ft Est. Value

Last Sold July 18, 2017

Last sale price $2,400,000 $357 Per Sq Ft

Est. 39% increase in value since last sale

Current estimated payment $21,567/month

About This Home

As of December 2017

Newly re-developed strip center located at a signalized intersection on Elmore Ave. Located in the Quad Cities Regional shopping corridor. Surrounding retailers include Furniture Row, Best Buy, Ashley Furniture and Target. Broker is a principal in the ownership of the property and is a licensed realtor in Iowa and Illinois.

Last Agent to Rent the Property

Chris Wilkins

Hawkeye Commercial Real Estate License #B37729000/475.139041 Listed on: 01/12/2017

Last Renter's Agent

NON MLS

NON-MLS QCAR License #000.00000

Property Details

Property Type

  • Other

Est. Annual Taxes

  • $47,064

Year Built

  • Built in 2002

Lot Details

  • 0.99

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Tenant pays for all

Property Details

Property Type

Other

Est. Annual Taxes

$47,064

Year Built

Built in 2002

Lot Details

0

Rental Info

  • Lease Dollar Sq Ft: 25
  • Owner Pays: None
  • Sale Lease Includes: Building
  • Tenant Pays: All
  • Terms Lease: 5 Years, Other Term/Lease

Listing Details

  • Class: Commercial/Cie
  • Type: Commercial/Cie
  • Sub Type: Retail
  • Year Built: 2002
  • Handicap Modified: Yes
  • Special Features: None
  • Property Sub Type: Other

Interior Features

  • Flooring: Concrete
  • Total Building Sq Ft: 6720

Exterior Features

  • Exterior Finish: Other Exterior Finish
  • Frontage Access: Paved 4Lane
  • Insulation: Roof, Side Walls
  • Roof Construction: Membrane, Flat
  • Wall Construction: Block, Frame

Garage/Parking

  • Numberparking Spaces Allocated: 49

Utilities

  • Cooling: Central Air
  • Heating: Forced Air
  • Water Supply: Municipal/City

Lot Info

  • Zoning: C
  • Geo Subdivision: IA
  • Property Use: Outlet Center

Tax Info

  • Parcel Id Number Tax Id: N0851-04C
  • Tax Incentive: In City Limit

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Apr 30, 2021
Sold by
Geifman Food Stores Inc
Bought by
Elmore Investments Llc
Current Estimated Value
$3,328,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,200,000
Outstanding Balance
$1,986,333
Interest Rate
3%
Mortgage Type
Credit Line Revolving

Purchase Details

Listed on
Jul 21, 2017
Closed on
Jul 12, 2017
Sold by
4730 Elmore Llc
Bought by
Wct Properties Inc
Seller's Agent
Chris Wilkins
Hawkeye Commercial Real Estate
Buyer's Agent
Chris Wilkins
Hawkeye Commercial Real Estate
List Price
$2,400,000
Sold Price
$2,400,000

Purchase Details

Listed on
Jan 20, 2016
Closed on
Dec 30, 2016
Sold by
American Bank And Trust Company
Bought by
4730 Elmore Llc
Seller's Agent
Chris Wilkins
Hawkeye Commercial Real Estate
Buyer's Agent
Chris Wilkins
Hawkeye Commercial Real Estate
List Price
$900,000
Sold Price
$825,000
Premium/Discount to List
-$75,000
-8.33%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
596.94%
Source: Public Records

Range of Values:

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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
Elmore Investments Llc $2,750,000 None Available
Wct Properties Inc -- None Available
4730 Elmore Llc -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Elmore Investments Llc $2,200,000
Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft Prior Sale
12/26/2017 12/26/17 Rented $367,938 -84.7% --
11/08/2017 11/08/17 Under Contract -- -- --
07/21/2017 07/21/17 For Sale $2,400,000 0.0% $357 / Sq Ft
07/18/2017 07/18/17 Sold $2,400,000 +3466.1% $357 / Sq Ft View Prior Sale
07/18/2017 07/18/17 Pending -- -- --
01/12/2017 01/12/17 For Rent $67,300 0.0% --
12/31/2016 12/31/16 Sold $825,000 -8.3% $123 / Sq Ft View Prior Sale
11/29/2016 11/29/16 Pending -- -- --
01/20/2016 01/20/16 For Sale $900,000 -- $134 / 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 $47,064 $1,364,560 $519,480 $845,080
2024 $51,571 $1,309,270 $519,480 $789,790
2023 $49,272 $1,427,740 $519,480 $908,260
2022 $48,922 $1,312,540 $519,480 $793,060
2021 $48,922 $1,312,540 $519,480 $793,060
2020 $45,052 $1,223,090 $519,480 $703,610
2019 $37,086 $1,028,230 $519,480 $508,750
2018 $31,028 $1,028,230 $519,480 $508,750
2017 $7,877 $875,220 $519,480 $355,740
2016 $35,746 $904,300 $0 $0
2015 $35,746 $904,300 $0 $0
2014 $36,134 $904,300 $0 $0
2013 $38,376 $0 $0 $0
2012 -- $904,300 $442,100 $462,200
Source: Public Records

Agents Affiliated with this Home

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Map

Source: RMLS Alliance

MLS Number: RMAQC7036604

RMLS Alliance

APN: N0851-04C