Corner Industrial Flex
3869 Rockingham Rd Davenport, IA 52802
3869 Rockingham Rd, Davenport, IA, 52802
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For Sale
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Industrial building with two overhead doors, mezzanine office, and renovation underway on a corner location.
Property Size3,116 SF
Price / SF$73.81
Days on Market176
Property Features for 3869 Rockingham Rd
General Information
- Standard status
- Active
- Size
- 3,116 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 1940
Listing agency
The Hawkeye Group
Listed by
Shawn Stuenkel, CCIM · License #475189483
Source
Crexi
Added: Jan 28 Updated: Jul 23 at 3:30AM Checked: Jul 23 at 3:30AM
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.
This industrial flex building totals 3,116 SF and features an open north-side floor plan with suspended overhead heaters and a compressor room. The building includes two overhead doors measuring 12' x 10' and 10' x 12'. A small office on the mezzanine level has a restroom and small breakroom.
The property is located on the corner of Rockingham Road and S. Stark St. The south addition was added in 2003 and is currently being renovated to include 2–3 offices and an open bullpen.
The building is zoned C-2.
The property is located on the corner of Rockingham Road and S. Stark St. The south addition was added in 2003 and is currently being renovated to include 2–3 offices and an open bullpen.
The building is zoned C-2.
Key Highlights
- 3,116 SF industrial building on the corner of Rockingham Road and S. Stark St.
- North side open floor plan with suspended overhead heaters (no A/C) plus a compressor room.
- Two overhead doors: 12' x 10' and 10' x 12'.
Local Financial Insights For Industrial
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.0k | $9.00 |
| − Vacancy | −$1.4k | −$0.45 |
| EGI | $26.6k | $8.55 |
| − OpEx | −$8.0k | −$2.56 |
| NOI | $18.6k | $5.98 |
3,116 SF · lease $9.00/SF/yr · vacancy 5.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$391.7K
$342.7K – $456.9K
NOI $27,416 @ 7.0% cap · market cap 11.92%
Second Best
Warehouse
$346.9K
$303.5K – $404.7K
NOI $24,282 @ 7.0% cap · market cap 10.56%
Theoretical Best
Office A
$672.5K
$588.5K – $784.6K
NOI $47,078 @ 7.0% cap · market cap 20.47%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Real Property Management ...
Property Management Company
Similar For Sale Nearby
Similar Off Market Nearby
- Hy-Vee Catering — 3019 Rockingham Rd, Davenport, IA 52802
FAQs
What type of property is this?
Flex space - Industrial building with two overhead doors, mezzanine office, and renovation underway on a corner location.
Where is this flex space located?
The property is located at 3869 Rockingham Rd Davenport, IA.
What is the asking price?
The asking price for this property is $230,000.
What are key features of this property?
This property features: 3,116 SF industrial building on the corner of Rockingham Road and S. Stark St.; North side open floor plan with suspended overhead heaters (no A/C) plus a compressor room.; Two overhead doors: 12' x 10' and 10' x 12'.
