Building Details

Building Size 30,000 SF

Year Built 2023

Listing Agency: NAI Ruhl Commercial Company

Listed By: Shawn Langan · License #475162291 Show Phone

Source: Crossdavidson

Added: Sep 4, 2025 Changed: Oct 23 Last Checked: Oct 23 at 3:43PM

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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

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Investment Insights

Based on property information with market context.

This 30,000-SF flex-space package combines 17 contractor bays across two Davenport properties: 7205 Hancock Court and 7217 Northwest Boulevard. Suite configurations include approximately 1,500 SF (50x30), 2,000 SF (50x40), and 3,000 SF. The Hancock Court building was constructed in 2023, and the properties are zoned M-1.

Most units have 16-foot ceilings, a floor drain, a 200A electrical panel, an ADA restroom, a 14'x14' overhead door, and heat. The properties are in Davenport’s west industrial area, with access to I-80 and US-6.

Key Highlights

• 17 contractor‑bay units across two Davenport properties
• 30,000 SF total property size; suite configurations include approximately 1,500 SF (50x30), 2,000 SF (50x40), and 3,000 SF
• 7205 Hancock Court building constructed in 2023

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$263,952

Cap Rate

8.95%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,279,040 $5.3M

Cap Rate 7%

$3,770,743 $3.8M

Cap Rate 9%

$2,932,800 $2.9M

Is this asking price fair?

Market Conditions

NOI Build-Up for 30,000 SF

Gross rent

$432.0K $14.40/SF

− Vacancy

−$25.9K −$0.86/SF

EGI

$406.1K $13.54/SF

− OpEx

−$142.1K −$4.74/SF

NOI

$264.0K $8.80/SF

Area

Davenport, IA

Vacancy

6.00%

Lease Rate

$14.40 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,279,040

Cap Rate 7%

$3,770,743

Cap Rate 9%

$2,932,800

Alternative Uses

Best Use

Flex RnD

$3.77M

$3.30M – $4.40M (±1% cap)

NOI $263,952 @ 7.0% cap · market cap 8.95%

Second Best

Industrial

$2.56M

$2.24M – $2.99M (±1% cap)

NOI $179,550 @ 7.0% cap · market cap 6.09%

Theoretical Best

Office A

$6.48M

$5.67M – $7.55M (±1% cap)

NOI $453,254 @ 7.0% cap · market cap 15.36%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Tomlinson-Cannon Real Estate Agency Vivid Auto Wraps Auto Repair Shop

Suggested Use

Top Pick Law Firm Hair Salon Nail Salon Electrical Service Kitchen & Bath Showroom Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

Yes

Highway access

Location Intelligence

Trade Area within ½ mile

183

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

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Frequently Asked Questions

What type of property is this?

Flex space - M-1-zoned contractor bays offer overhead doors, heating, and utility features.

Where is this flex space located?

The property is located at 7205 HANCOCK Court Davenport, IA.

What is the asking price?

The asking price for this property is $2,950,000.

What are key features of this property?

This property features: 17 contractor‑bay units across two Davenport properties; 30,000 SF total property size; suite configurations include approximately 1,500 SF (50x30), 2,000 SF (50x40), and 3,000 SF; 7205 Hancock Court building constructed in 2023