Davenport Contractor-Bay Investment
For Sale
Contact for pricing
7205 HANCOCK Court, Davenport, IA 52806
Contractor-bay properties in Davenport's west industrial area for sale.
Property Size30,000 SF
Price / SF$98.33
Days on Market347
Property Features for 7205 HANCOCK Court
General Information
Standard status
Active
Size
30,000 SF
Property subtype
Industrial, Self Storage
Zoning
M-1
Lease Type
NNN
Building Details
Year Built
2023
Buildings
1
Tenancy
Multi
Listing Agency:
NAI Ruhl Commercial Company
(563) 355-4000
Listed By:
Shawn Langan · License #S62759000
Source:
Crexi
Added: Sep 5, 2025
Changed: Aug 14
Last Checked: Aug 13 at 7:53AM
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
Investment Insights
Based on property information with market context.
This investment package features contractor-bay properties located in the west industrial area of Davenport. The package includes 7205 Hancock Ct, built in 2023, identified as Parcel W04007C01, which comprises 10 units (Building 1, units #1A through #1F, and Building 2, units #2A through #2D). Additionally, the package includes 7217 Northwest Blvd, Davenport, IA 52806, featuring 7 units (#2A, #3A, #3B, #4B, #5A, #6A, #6B; Parcels W0407A02A, W0407A03A, W0407A03B, W0407A04B, W0407A05A, W0407A06A, W0407A06B). The suite sizes are approximately 1,500 SF (50x30), 2,000 SF (50x40), and 3,000 SF. Most units include 16' ceilings, a floor drain, a 200A electrical panel, an ADA restroom, a 14'x14' overhead door, and heat. The location provides quick access to I-80 and US-6, offering connectivity across the Quad Cities.
Key Highlights
- Investment package of contractor‑bay properties in Davenport's west industrial area.
- Prime location with quick access to I‑80 and US‑6, providing excellent connectivity across the Quad Cities.
- Includes 17 total units across two properties (7205 Hancock Ct and 7217 Northwest Blvd).
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
$253,638
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
8.60%
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%
$5,072,760
$5.1M
Cap Rate 7%
$3,623,400
$3.6M
Cap Rate 9%
$2,818,200
$2.8M
Market Conditions
NOI Build-Up for 30,000 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
$396.0K $13.20/SF
− Vacancy
−$33.7K −$1.12/SF
EGI
$362.3K $12.08/SF
− OpEx
−$108.7K −$3.62/SF
NOI
$253.6K $8.45/SF
Area
Davenport, IA
Vacancy
8.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
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%
$5,072,760
Cap Rate 7%
$3,623,400
Cap Rate 9%
$2,818,200
Alternative Uses
Best Use
Self Storage
$3.62M
$3.17M – $4.23M
NOI $253,638 @ 7.0% cap · market cap 8.60%
Second Best
Industrial
$2.56M
$2.24M – $2.99M
NOI $179,550 @ 7.0% cap · market cap 6.09%
Theoretical Best
Office A
$6.48M
$5.67M – $7.55M
NOI $453,254 @ 7.0% cap · market cap 15.36%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
183
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Self storage facility - Contractor-bay properties in Davenport's west industrial area for sale.
Where is this self storage facility 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: Investment package of contractor‑bay properties in Davenport's west industrial area.; Prime location with quick access to I‑80 and US‑6, providing excellent connectivity across the Quad Cities.; Includes 17 total units across two properties (7205 Hancock Ct and 7217 Northwest Blvd).
