Church with Performance
For Sale
Contact for pricing
324 Brady Street, Davenport, IA 52801
The facility combines live-event infrastructure with recording rooms and support spaces.
Property Size6,700 SF
Price / SF$0.00
Days on Market16
Property Features for 324 Brady Street
General Information
Standard status
Active
Size
6,700 SF
Property subtype
Commercial
Amenities
live music stage
sound mixing and lighting platform
2 individual offices
multipurpose room
green room
four individual rooms in the studio designed for music recording
historic original ceiling
Building Details
Year Built
1897
Listing Agency:
Cornerstone Partners QC - Real Broker, LLC
(563) 424-3499
Listed By:
Jesse Hammes · License #S57235000/475216751
(563) 579-0777
Source:
Helenoliveri
Added: Oct 15
Changed: Oct 28
Last Checked: Oct 28 at 3:35PM
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 Cornerstone Partners QC - Real Broker, LLC
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 6,700-square-foot church facility dates to 1897 and has been renovated while retaining original architectural details, including the ceiling. The interior includes a live performance stage, a sound and lighting control platform, two offices, a multipurpose room, and a green room. Four separate studio rooms are configured for music recording, and the venue has a stated capacity of 400 people.
The combination of worship, performance, recording, and gathering spaces provides a range of functional areas within one building.
The combination of worship, performance, recording, and gathering spaces provides a range of functional areas within one building.
Key Highlights
- 6,700‑square‑foot church facility built in 1897
- Capacity for 400 people
- Live performance stage with sound‑mixing and lighting platform
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$76,114
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,522,280
$1.5M
Cap Rate 7%
$1,087,343
$1.1M
Cap Rate 9%
$845,711
$845.7K
Market Conditions
NOI Build-Up for 6,700 SF
Gross rent
$108.5K $16.20/SF
− Vacancy
−$7.1K −$1.05/SF
EGI
$101.5K $15.15/SF
− OpEx
−$25.4K −$3.79/SF
NOI
$76.1K $11.36/SF
Area
Davenport, IA
Vacancy
6.50%
Lease Rate
$16.20 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,522,280
Cap Rate 7%
$1,087,343
Cap Rate 9%
$845,711
Alternative Uses
Best Use
Specialty Retail
$1.09M
$951.4K – $1.27M
NOI $76,114 @ 7.0% cap · market cap 1,268,566.67%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.45M
$1.27M – $1.69M
NOI $101,227 @ 7.0% cap · market cap 1,687,116.67%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,482
Businesses Nearby
Explore this area
Business Placement
Demographics for 52801, IA
1,446
Population
1,162
Households
1.2
Avg Household Size
36
Median Age
23%
College-Educated
89%
High-School Grad
0.4 sq mi
ZIP Area
3,615
Density / Sq Mi
$22,217
Median Household Income
$20,219
Median Earnings
$927
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Frequently Asked Questions
What type of property is this?
Church & religious facility - The facility combines live-event infrastructure with recording rooms and support spaces.
Where is this church & religious facility located?
The property is located at 324 Brady Street Davenport, IA.
What are key features of this property?
This property features: 6,700‑square‑foot church facility built in 1897; Capacity for 400 people; Live performance stage with sound‑mixing and lighting platform
