Flex Condo with
New
For Sale
$250,000
3131 W 76th Street #7, Davenport, IA 52806
A mixed office and warehouse layout includes a finished mezzanine, private offices, and an overhead door.
Property Size2,700 SF
Price / SF$92.59
Days on Market2
Property Features for 3131 W 76th Street #7
General Information
Standard status
Active
Size
2,700 SF
Property subtype
Commercial
Zoning
I-1
Warehouse & Industrial
Clear Height
18 ft
Warehouse Space
800 SF
Mezzanine
900 SF
Taxes and HOA fees
Annual Taxes
$5,712
Building Details
Building Size
2,700 SF
Year Built
2006
Listing Agency:
NAI Ruhl Commercial Company
Listed By:
Ethan Simons · License #S65924000/475.178290
(563) 355-4000
Source:
Fishmangroup
Added: Oct 22
Changed: Oct 23
Last Checked: Oct 23 at 4:26PM
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 NAI Ruhl Commercial Company
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Investment Insights
Based on property information with market context.
This 2,700 SF flex condominium at 3131 W 76th Street #7 in Davenport combines office and light industrial space. The warehouse area measures 800 SF and has a 12x14 OH door and an 18' ceiling. A finished 900 SF mezzanine is set up as a conference room, while the remaining area includes a reception space, three private offices, a kitchenette, and two ADA restrooms.
Built in 2006, the property is zoned I-1, supporting a range of light industrial and office uses.
Built in 2006, the property is zoned I-1, supporting a range of light industrial and office uses.
Key Highlights
- 2,700 SF flex condominium at 3131 W 76th Street #7, Davenport, IA 52806
- 800 SF warehouse area with a 12x14 OH door
- 18' ceiling in the warehouse
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,041
Cap Rate
8.42%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$420,820
$420.8K
Cap Rate 7%
$300,586
$300.6K
Cap Rate 9%
$233,789
$233.8K
Market Conditions
NOI Build-Up for 2,700 SF
Gross rent
$25.9K $9.60/SF
− Vacancy
−$1.2K −$0.43/SF
EGI
$24.8K $9.17/SF
− OpEx
−$3.7K −$1.38/SF
NOI
$21.0K $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 Rate 5%
$420,820
Cap Rate 7%
$300,586
Cap Rate 9%
$233,789
Alternative Uses
Best Use
Flex RnD
$339.4K
$297.0K – $395.9K
NOI $23,756 @ 7.0% cap · market cap 9.50%
Second Best
Warehouse
$300.6K
$263.0K – $350.7K
NOI $21,041 @ 7.0% cap · market cap 8.42%
Theoretical Best
Office A
$582.8K
$509.9K – $679.9K
NOI $40,793 @ 7.0% cap · market cap 16.32%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
18 ft
Clear height
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A mixed office and warehouse layout includes a finished mezzanine, private offices, and an overhead door.
Where is this flex space located?
The property is located at 3131 W 76th Street #7 Davenport, IA.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 2,700 SF flex condominium at 3131 W 76th Street #7, Davenport, IA 52806; 800 SF warehouse area with a 12x14 OH door; 18' ceiling in the warehouse
