Listed by Matthews
$4,370,000
Lockbox Storage (Managed)
Details
Property Type Self Storage
Square Footage 52,610
Units 496
Cap Rate 5.91%
NOI $258,050
Year Built 1954
Acreage 3.720
Value-Add Self-Storage with 30%+ Rent Upside in Supply-Constrained Davenport, IA
Investment highlights
• Dense population with over 69,000 residents in 3-miles and 140,000 people living within 5 miles
• Significant upside upon stabilization, but going-in yield being offered despite being 60% occupied
• Limited Supply with only 5.53 Square Foot per Capita with 3 miles and 8.08 within 5 miles
• Extremely Below Market Rents with 30%+ upside still remaining
• Population Growth of 0.5% per year Since 2020
• Nothing in the self-storage development pipeline within 4-miles
Listing Contacts
Listed by Matthews
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$258,050.00
$21,504.17/mo
Valuation Metrics
0
DSCR
5.91%
Cap Rate
5.91%
ROI
Map
Zoning
I-2 IndustrialHeavy Industrial Zoning District
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View all 119 uses
View all 119 uses Last updated May 9, 2026 For deeper zoning details, reports are available at Zoneomics
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