Flex Warehouse with Crane
330 N 16th Avenue, Eldridge, IA 52748
For Sale
$800,000
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 Market49
Property Features for 330 N 16th Avenue
General Information
Standard status
Size
Lot size
Property subtype
Zoning
Warehouse & Industrial
Office Build-Out
Dock-High Doors
Voltage
Sprinkler System
Additional Details
Asking Price
Taxes and HOA fees
Annual Taxes
Amenities
Concrete
Yes
1
No
Storage
Building,Land
Public
3.06
3.06 Ac
Off Street
Sprinkler/Irrigation
Building Details
Year Built
Buildings
Stories
Building Size
Listing Agency:
GLD COMMERCIAL
(319) 731-3400
Listed By:
Adam Gibbs · License IA B43857000
(319) 731-3415
Source:
Pinnaclerealtyia
Added: Sep 24
Changed: Nov 10
Last Checked: Nov 10 at 5:40AM
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 GLD COMMERCIAL
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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 / Yr
$56,687
Cap Rate
7.09%
Suggested Prices Based on Cap Rates
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
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 Rate 5%
$1,133,740
Cap Rate 7%
$809,814
Cap Rate 9%
$629,856
Alternative Uses
Best Use
Warehouse
$1.44M
$1.26M – $1.68M
NOI $100,917 @ 7.0% cap · market cap 12.61%
Second Best
Industrial
$1.11M
$968.8K – $1.29M
NOI $77,506 @ 7.0% cap · market cap 9.69%
Theoretical Best
Specialty Retail
$2.30M
$2.01M – $2.68M
NOI $160,839 @ 7.0% cap · market cap 20.10%
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
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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
