Contiguous Warehouse-Office
For Sale
Contact for pricing
3131 W 76th St, Davenport, IA 52806
Two contiguous warehouse units feature 12'x14' overhead doors, restrooms, and a fenced complex.
Property Size1,500 SF
Price / SF$133.33
Days on Market137
Property Features for 3131 W 76th St
General Information
Standard status
Active
Size
1,500 SF
Property subtype
Industrial
Zoning
I-1
Lease Type
Gross
Additional Details
Fenced Yard
Yes
Drive-In Doors
2
Building Details
Year Built
2006
Buildings
1
Stories
1
Units
6
Listing Agency:
The Hawkeye Group
Listed By:
Chris Wilkins · License #475139041
(563) 344-4295
Source:
Crexi
Added: Apr 22
Changed: Aug 31
Last Checked: Sep 4 at 9:45AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Hawkeye Group
Investment Insights
Based on property information with market context.
Two contiguous units (33 and 34) are available at Silver Creek Commons, with each unit served by a 12' x 14' overhead (OHD) door. Unit 34 includes a small office area, and both units have a restroom.
The entire complex is fenced, providing a contained setting for the warehouse/office use. The property is offered for sale, and the units can be leased or sold separately or together.
The listed lease rates are described as full gross, including utilities.
The entire complex is fenced, providing a contained setting for the warehouse/office use. The property is offered for sale, and the units can be leased or sold separately or together.
The listed lease rates are described as full gross, including utilities.
Key Highlights
- Two contiguous warehouse units (Units 33 and 34) available at Silver Creek Commons
- Each unit includes a 12' x 14' overhead door
- Both units have a restroom; Unit 34 also includes a small office area
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$11,689
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,780
$233.8K
Cap Rate 7%
$166,986
$167.0K
Cap Rate 9%
$129,878
$129.9K
Market Conditions
NOI Build-Up for 1,500 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$14.4K $9.60/SF
− Vacancy
−$648 −$0.43/SF
EGI
$13.8K $9.17/SF
− OpEx
−$2.1K −$1.38/SF
NOI
$11.7K $7.79/SF
Area
Davenport, IA
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$233,780
Cap Rate 7%
$166,986
Cap Rate 9%
$129,878
Alternative Uses
Best Use
Warehouse
$167.0K
$146.1K – $194.8K
NOI $11,689 @ 7.0% cap · market cap 5.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$323.8K
$283.3K – $377.7K
NOI $22,663 @ 7.0% cap · market cap 11.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52806, IA
28,191
Population
12,092
Households
2.3
Avg Household Size
38
Median Age
32%
College-Educated
94%
High-School Grad
31.1 sq mi
ZIP Area
906
Density / Sq Mi
$73,682
Median Household Income
$42,744
Median Earnings
$976
Median Rent
$188,100
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Two contiguous warehouse units feature 12'x14' overhead doors, restrooms, and a fenced complex.
Where is this warehouse located?
The property is located at 3131 W 76th St Davenport, IA.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Two contiguous warehouse units (Units 33 and 34) available at Silver Creek Commons; Each unit includes a 12' x 14' overhead door; Both units have a restroom; Unit 34 also includes a small office area
