Updated Corner Live-Work
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4537 N Brady Street, Davenport, IA 52806
Combined residential and business space includes renovated interiors, solar panels, and on-site vehicle parking.
Property Size2,992 SF
Lot Size0.42 Acres
Price / SF$160.09
Days on Market5
Property Features for 4537 N Brady Street
General Information
Standard status
Active
Size
2,992 SF
Total Parking Spaces
13
Lot size
0.42 Acres
Property subtype
Retail, Special Purpose, Mixed Use
Zoning
COMMR
Site & Location
Corner Location
Yes
Traffic Count
15,800 vehicles/day
Road Access
Yes
Amenities
solar panels
privacy fencing
Building Details
Year Built
1977
Buildings
1
Units
1
Tenancy
Single
Abandoned
No
Listing Agency:
Cornerstone Partners QC - Real Broker, LLC
Listed By:
Mhisho Vuong-Lynch · License #S67851000
(563) 370-1735
Source:
Crexi
Added: Aug 30
Changed: Sep 3
Last Checked: Sep 3 at 2:19AM
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
Investment Insights
Based on property information with market context.
This live-work property combines a family residence with space currently used for business operations. The building contains approximately 2,992 square feet on a 0.42-acre corner parcel and has received several substantial improvements, including a new roof, solar panels, privacy fencing, a remodeled kitchen, and updated bathrooms. Built in 1977, the property offers a flexible configuration for an owner-occupant seeking to live and work at one location.
Positioned at Brady Street and East 46th Street in Davenport, the site benefits from a highly visible corner setting and approximately 15,800 vehicles passing daily, based on 2025 Iowa DOT traffic data. Parking includes approximately 13 spaces at the front, with room for up to seven additional vehicles behind the building. The combined layout, updated interiors, and prominent roadside presence support a range of residential and business functions, subject to verification of zoning and permitted uses.
Positioned at Brady Street and East 46th Street in Davenport, the site benefits from a highly visible corner setting and approximately 15,800 vehicles passing daily, based on 2025 Iowa DOT traffic data. Parking includes approximately 13 spaces at the front, with room for up to seven additional vehicles behind the building. The combined layout, updated interiors, and prominent roadside presence support a range of residential and business functions, subject to verification of zoning and permitted uses.
Key Highlights
- Approximately 2,992 square feet on a 0.42‑acre corner lot
- Approximately 15,800 vehicles passing daily according to 2025 Iowa DOT traffic data
- 13 front parking spaces plus room for up to seven additional rear vehicles
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
$33,929
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
7.08%
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%
$678,580
$678.6K
Cap Rate 7%
$484,700
$484.7K
Cap Rate 9%
$376,989
$377.0K
Market Conditions
NOI Build-Up for 2,992 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
$53.9K $18.00/SF
− Vacancy
−$8.6K −$2.88/SF
EGI
$45.2K $15.12/SF
− OpEx
−$11.3K −$3.78/SF
NOI
$33.9K $11.34/SF
Area
Davenport, IA
Vacancy
16.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
25.00%
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%
$678,580
Cap Rate 7%
$484,700
Cap Rate 9%
$376,989
Alternative Uses
Best Use
Office B
$484.7K
$424.1K – $565.5K
NOI $33,929 @ 7.0% cap · market cap 7.08%
Second Best
Retail
$412.9K
$361.3K – $481.7K
NOI $28,903 @ 7.0% cap · market cap 6.03%
Theoretical Best
Office A
$645.8K
$565.1K – $753.4K
NOI $45,205 @ 7.0% cap · market cap 9.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
15,800 VPD
Traffic count
Single-tenant
Tenancy
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Live-work space - Combined residential and business space includes renovated interiors, solar panels, and on-site vehicle parking.
Where is this live-work space located?
The property is located at 4537 N Brady Street Davenport, IA.
What is the asking price?
The asking price for this property is $479,000.
What are key features of this property?
This property features: Approximately 2,992 square feet on a 0.42‑acre corner lot; Approximately 15,800 vehicles passing daily according to 2025 Iowa DOT traffic data; 13 front parking spaces plus room for up to seven additional rear vehicles
