1411 Kimberly RdBettendorf, IA 52722

Property Details for 1411 Kimberly Rd

Year built

2011

Lot size

1.09 AC

Property size (Sq ft)

7,785 SF

Property type

Strip malls

Property subtype

Neighborhood centers

APN

842905203

APU

842905203

Description

Exceptional investment opportunity in Bettendorf, IA, featuring a three-building portfolio totaling $6,650,000. This package includes 787 Middle Road, 1401 Kimberly Road, and 1411 Kimberly Road, all situated within the same development and adjacent to one another. The properties boast a combined square footage of 7,785 square feet, situated on a 1.09-acre lot. This is a must-see for investors seeking a diversified portfolio with strong tenant occupancy. The current tenant mix includes a diverse range of businesses, providing stability and income potential. These tenants include well-established names such as Upper Iowa University, UnityPoint Clinic, Dunn Bros Coffee, 9Round, Merle Norman, and Red Ginger. This strategic location offers excellent visibility and accessibility, ensuring consistent foot traffic and high tenant retention. The individual property at 1411 Kimberly Road is listed at $1,800,000 and offers significant potential for return on investment. Detailed financial information is available upon request, allowing potential buyers to thoroughly assess the profitability and long-term prospects of this exceptional commercial property package. This is a rare opportunity to acquire a well-established, multi-tenant portfolio in a prime Bettendorf location. Don't miss out on this chance to secure a substantial and diversified investment.

• CAP approach

  CAP return

  Valuation

  6%

  $2,066,341

  6.5%

  $1,907,392

  7%

  $1,771,150

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,991,702

  Geo Method

  $2,555,270

• Alternative Use

  Use

  Valuation

  Residential

  $1,608,956

  Hospitality

  $1,473,795

  Educational

  $1,226,180

  Medical

  $1,268,351

  Retail

  $1,907,392

Location Insight

City

Bettendorf

County

Scott

State

Iowa

Latitude

41.5377

Longitude

-90.5216

CBSA code

19340

CBSA name

DAVENPORT-MOLINE-ROCK ISLAND, IA-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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