Flex Facility with Service
5120 N Brady St, Davenport, IA 52806
For Sale
$4,350,000
Two-building commercial property combines office, display, warehouse, and vehicle service areas.
Property Size50,000 SF
Price / SF$87
Days on Market53
Property Features for 5120 N Brady St
General Information
Standard status
Size
Building Details
Year Built
Listing Agency:
NAI Ruhl Commercial Company
Listed By:
Shawn Langan, Pete Hadjis
Source:
Liveliferealty
Added: Sep 18
Changed: Oct 26
Last Checked: Oct 7 at 3:07PM
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 NAI Ruhl Commercial Company
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 flex property includes 50,000 SF across two functional buildings on two parcels totaling 6.93 acres. The 30,000 SF main building combines office, display, warehouse, and service areas, with heated and air-conditioned offices, a steel storage mezzanine, restrooms, a shower, and multiple overhead-door entries. The 20,000 SF service building includes 17 powered 14' x 14' overhead doors. A separate 7,200 SF T-shelter/canopy adds covered space for vehicles, equipment, or storage, while paved areas and fencing support circulation and secured access.
The property is located at 5120 N Brady St in Davenport along the Brady Street/US-61 corridor, with access to I-80, I-74, and I-280. C-3 / General Commercial zoning supports higher-intensity, medium- to large-scale commercial development. The property was built in 1982 and includes prominent signage opportunities along the corridor.
The property is located at 5120 N Brady St in Davenport along the Brady Street/US-61 corridor, with access to I-80, I-74, and I-280. C-3 / General Commercial zoning supports higher-intensity, medium- to large-scale commercial development. The property was built in 1982 and includes prominent signage opportunities along the corridor.
Key Highlights
- 50,000 SF flex facility on two parcels totaling 6.93 acres
- 30,000 SF main building plus 20,000 SF service building
- Service building includes 17 powered 14' x 14' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$389,640
Cap Rate
8.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,792,800
$7.8M
Cap Rate 7%
$5,566,286
$5.6M
Cap Rate 9%
$4,329,333
$4.3M
Market Conditions
NOI Build-Up for 50,000 SF
Gross rent
$480.0K $9.60/SF
− Vacancy
−$21.6K −$0.43/SF
EGI
$458.4K $9.17/SF
− OpEx
−$68.8K −$1.38/SF
NOI
$389.6K $7.79/SF
Area
Davenport, IA
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$7,792,800
Cap Rate 7%
$5,566,286
Cap Rate 9%
$4,329,333
Alternative Uses
Best Use
Flex RnD
$6.28M
$5.50M – $7.33M
NOI $439,920 @ 7.0% cap · market cap 10.11%
Second Best
Warehouse
$5.57M
$4.87M – $6.49M
NOI $389,640 @ 7.0% cap · market cap 8.96%
Theoretical Best
Office A
$10.79M
$9.44M – $12.59M
NOI $755,424 @ 7.0% cap · market cap 17.37%
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
575
Businesses Nearby
Under-served
Demand for This Use
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
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
Frequently Asked Questions
What type of property is this?
Flex space - Two-building commercial property combines office, display, warehouse, and vehicle service areas.
Where is this flex space located?
The property is located at 5120 N Brady St Davenport, IA.
What is the asking price?
The asking price for this property is $4,350,000.
What are key features of this property?
This property features: 50,000 SF flex facility on two parcels totaling 6.93 acres; 30,000 SF main building plus 20,000 SF service building; Service building includes 17 powered 14' x 14' overhead doors
