Davenport Office Building For
908 W 35th St Davenport, IA 52806
908 W 35th St, Davenport, IA, 52806
Contact for pricing
For Sale
Contact for pricing
Sale-leaseback investment opportunity with a regional accounting firm.
Property Size20,836 SF
Price / SF$263.97
Days on Market633
Property Features for 908 W 35th St
General Information
- Standard status
- Active
- Size
- 20,836 SF
- Property subtype
- Office
Listing Agency
The Hawkeye Group
(563) 349-3030
Listed by
Jim Tansey
Source
Crexi
Added: Oct 24, 2024 Checked: Jul 15 at 11:42 am
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 The Hawkeye Group
Investment Insights
Based on property information with market context.
This commercial real estate offering presents a sale-leaseback investment opportunity. The property is an office building with a total size of 20836 square feet. The current tenant is described as a well-respected regional accounting and advisory firm.
Key Highlights
- Sale‑leaseback investment opportunity
- Tenant is a well‑respected regional accounting and advisory firm
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $375.0k | $18.00 |
| − Vacancy | −$60.0k | −$2.88 |
| EGI | $315.0k | $15.12 |
| − OpEx | −$78.8k | −$3.78 |
| NOI | $236.3k | $11.34 |
20,836 SF · lease $18.00/SF/yr · vacancy 16.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.38M
$2.95M – $3.94M
NOI $236,280 @ 7.0% cap · market cap 4.30%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.50M
$3.94M – $5.25M
NOI $314,800 @ 7.0% cap · market cap 5.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Steining Michelle M
Accounting Firm
Honkamp, P.C.
Accounting Firm
Ludgate Frank C ...
Accounting Firm
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FAQs
What type of property is this?
Office building - Sale-leaseback investment opportunity with a regional accounting firm.
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 $5,500,000.
What are key features of this property?
This property features: Sale‑leaseback investment opportunity; Tenant is a well‑respected regional accounting and advisory firm
