Methods and systems for a networked storage system are provided. One method includes: generating, by a first node, a dummy entry in a storage location cache of the first node, the dummy entry associated with a read request received by the first node for data stored using a logical object owned by a second node; receiving, by the first node, an invalidation request to invalidate any storage location entry associated with the data, the invalidation request sent in response to the second node receiving a write request to modify the data; invalidating, by the first node, the dummy entry; receiving, by the first node, a response to the read request from the second node with the requested data; and replacing, by the first node, the dummy entry with a storage location entry and invalidating the storage location entry based on the invalidated dummy entry.