Office Building
For Sale
$4,950,000
908 W 35th St, Davenport, IA 52806
Office property occupied by a regional accounting and advisory firm under a sale-leaseback structure.
Property Size20,836 SF
Price / SF$237.57
Days on Market291
Property Features for 908 W 35th St
General Information
Standard status
Active
Size
20,836 SF
Property subtype
Commercial
Building Details
Year Built
1989
Listing Agency:
Hawkeye Commercial Real Estate
Listed By:
James Tansey · License #B44393000/471.017923
(563) 344-4295
Source:
Searchillinoishomesforsale
Added: Dec 29, 2025
Changed: Oct 1
Last Checked: Oct 14 at 11:48PM
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 Hawkeye Commercial Real Estate
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 20,836-square-foot office building was constructed in 1989 and is offered through a sale-leaseback transaction. The property is occupied by a regional accounting and advisory firm, providing an established office-use profile for the asset.
The building is located at 908 W 35th St in Davenport, Iowa, with a 52806 ZIP code.
The building is located at 908 W 35th St in Davenport, Iowa, with a 52806 ZIP code.
Key Highlights
- 20,836‑square‑foot office building
- Constructed in 1989
- Sale‑leaseback transaction structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$236,280
Cap Rate
4.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,725,600
$4.7M
Cap Rate 7%
$3,375,429
$3.4M
Cap Rate 9%
$2,625,333
$2.6M
Market Conditions
NOI Build-Up for 20,836 SF
Gross rent
$375.0K $18.00/SF
− Vacancy
−$60.0K −$2.88/SF
EGI
$315.0K $15.12/SF
− OpEx
−$78.8K −$3.78/SF
NOI
$236.3K $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 Rate 5%
$4,725,600
Cap Rate 7%
$3,375,429
Cap Rate 9%
$2,625,333
Alternative Uses
Best Use
Office B
$3.38M
$2.95M – $3.94M
NOI $236,280 @ 7.0% cap · market cap 4.77%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $314,800 @ 7.0% cap · market cap 6.36%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
511
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office property occupied by a regional accounting and advisory firm under a sale-leaseback structure.
Where is this office building located?
The property is located at 908 W 35th St Davenport, IA.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: 20,836‑square‑foot office building; Constructed in 1989; Sale‑leaseback transaction structure
