Flex Warehouse with Crane
New
For Sale
$800,000
330 N 16th Avenue, Eldridge, IA 52748
Industrial-zoned space combines warehouse and light manufacturing functions with dedicated office area and room for outdoor storage.
Property Size12,950 SF
Lot Size3.06 Acres
Price / SF$61.78
Days on Market3
Property Features for 330 N 16th Avenue
General Information
Standard status
Active
Size
12,950 SF
Lot size
3.06 Acres
Property subtype
Commercial
Zoning
Gen Ind
Warehouse & Industrial
Office Build-Out
1,200 SF
Dock-High Doors
5
Voltage
480 V
Sprinkler System
Yes
Additional Details
Asking Price
$800,000
Taxes and HOA fees
Annual Taxes
$16,132
Amenities
Concrete
Yes
1
No
Storage
Building,Land
Public
3.06
3.06 Ac
Off Street
Sprinkler/Irrigation
Building Details
Year Built
2000
Buildings
1
Stories
1
Building Size
12,950 SF
Listing Agency:
SKOGMAN REALTY COMMERCIAL
(319) 393-0900
Listed By:
Juliana Corona
(319) 576-8327
Source:
Pinnaclerealtyia
Added: Sep 24
Last Checked: Sep 24 at 1:52PM
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 SKOGMAN REALTY COMMERCIAL
Investment Insights
Based on property information with market context.
This 12,950-square-foot flex property sits on 3.06 acres and was built in 2000. The building supports warehouse and light manufacturing use, with about 1,200 square feet of office space, five dock-high doors, and one overhead door. Two 1-ton craneways, 480V power, fire sprinklers, and concrete floors are also in place. Gen Ind zoning applies, and the site has room for expansion or outdoor storage.
The property is in Eldridge, 4.5 miles north of I-80 and Davenport, with access to the Quad Cities area.
The property is in Eldridge, 4.5 miles north of I-80 and Davenport, with access to the Quad Cities area.
Key Highlights
- 12,950 SF building on 3.06 acres
- Built in 2000 with Gen Ind zoning
- Five dock‑high doors and one overhead door
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
$56,687
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
7.09%
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%
$1,133,740
$1.1M
Cap Rate 7%
$809,814
$809.8K
Cap Rate 9%
$629,856
$629.9K
Market Conditions
NOI Build-Up for 12,950 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
$94.8K $7.32/SF
− Vacancy
−$7.6K −$0.59/SF
EGI
$87.2K $6.73/SF
− OpEx
−$30.5K −$2.36/SF
NOI
$56.7K $4.38/SF
Area
Scott County, IA
Vacancy
8.00%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
35.00%
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%
$1,133,740
Cap Rate 7%
$809,814
Cap Rate 9%
$629,856
Alternative Uses
Best Use
Industrial
$10.52M
$9.21M – $12.28M
NOI $736,571 @ 7.0% cap · market cap 92.07%
Second Best
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,917 @ 7.0% cap · market cap 12.61%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
5
Dock-high doors
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
186
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52748, IA
9,942
Population
3,913
Households
2.5
Avg Household Size
38
Median Age
53%
College-Educated
99%
High-School Grad
40.2 sq mi
ZIP Area
247
Density / Sq Mi
$103,600
Median Household Income
$64,375
Median Earnings
$905
Median Rent
$312,400
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Industrial-zoned space combines warehouse and light manufacturing functions with dedicated office area and room for outdoor storage.
Where is this flex space located?
The property is located at 330 N 16th Avenue Eldridge, IA.
What is the asking price?
The asking price for this property is $800,000.
What are key features of this property?
This property features: 12,950 SF building on 3.06 acres; Built in 2000 with Gen Ind zoning; Five dock‑high doors and one overhead door
