Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2515 NW Arterial, Unit 7 Dubuque, IA 52001

    Sponsored
    For Sale
    $75,000

    BUSINESS ONLY FOR SALE - Dubuque, IA

    Property size:
    1,404 SF
    Days on Market:
    1
    Last Refresh:
    Feb 27 at 5:06 pm

    Property Features for 2515 NW Arterial

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Rooms
    Bathroom 1
    Bathrooms
    1
    APN
    1017476018
    Parking
    40
    Parking features
    Paved or Surfaced
    Size
    1,404 SF

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    2006
    Flooring type
    Concrete
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Jerry Elbert
    Jerry Elbert

    EXIT Realty Dubuque (563) 231-7738

    Listing agent Jerry Elbert (563) 231-7738

    Listing date Feb 27, 2026

    MLS# 154038 Listing URL

    Copyright © 2026 East Central Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Established Pita Pit Franchise

    A turn-key Pita Pit franchise location is available for purchase in Dubuque, Iowa. Situated in a high-traffic area, this restaurant property offers a chance to acquire a business with national brand recognition. The property is 1404 square feet and is located on NW Arterial. This is a business-only sale.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Pita Pit Take-out & Catering Orangetheory Fitness Gym & Fitness Center America's Best Contacts ... Physician Ocean Nails Nail Salon Fiesta Cancun Restaurant

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dubuque
    County
    Dubuque
    State
    Iowa
    Longitude
    -90.741938
    Latitude
    42.518628

    Nearby Similar for Sale

    • New
      $750,000
      9,450 SF

      Dubuque Commercial Building For Sale

      9400 sq ft commercial building in Dubuque, Iowa.
      120 Bryant St, Dubuque, IA 52003
      View Details
    • $685,000
      7,660 SF

      Iconic Dubuque Entertainment Venue

      Turn-key entertainment venue with bar, restaurant, and rooftop lounge.
      62 E 7Th St, Dubuque, IA 52001
      View Details
    • New
      $800,000
      8,400 SF

      Dubuque Office Building For Sale

      Class B office building with multiple suites and ample parking.
      3388 Kennedy Cir, Dubuque, IA 52002
      View Details
    • $535,000
      4,058 SF

      Remodeled Mixed-Use Property in Dubuque

      Turn-key mixed-use property with apartments and commercial space.
      1555 Central Ave, Dubuque, IA 52001
      View Details
    • $285,000
      9,576 SF

      Mixed-Use Building in Historic Dubuque

      Landmark commercial building with diversified income potential in downtown Dubuque.
      1033 Main St, Dubuque, IA 52001
      View Details
    • $950,000
      6,116 SF

      Adaptable Commercial Building, Dubuque, Iowa

      6,116 SF commercial building on 1.14-acre lot for sale.
      2155 Southpark Ct, Dubuque, IA 52003
      View Details
    • Contact for pricing
      5,452 SF

      Historic Millwork District Commercial Property

      5,400 SF stand-alone property in revitalized Historic Millwork District.
      990 Washington St, Dubuque, IA 52001
      View Details
    • Contact for pricing
      49,080 SF

      Downtown Dubuque Corporate Headquarters Building

      Class A, 49,000 SF building in downtown Dubuque.
      1398 Central Ave, Dubuque, IA 52001
      View Details
    • $1,750,000
      48,712 SF

      Versatile Dubuque Property for Redevelopment

      Strategically located property in Dubuque, ideal for redevelopment.
      1160 Seippel Rd, Dubuque, IA 52001
      View Details
    • $350,000
      1,686 SF

      Dubuque Mixed-Use Investment Opportunity

      Versatile property near downtown Dubuque with retail, office, and residential potential.
      374 Bluff St, Dubuque, IA 52001
      View Details
    • $750,000
      6,372 SF

      Eight-Unit Multifamily Investment Opportunity

      Eight rental units with views in a convenient Dubuque location.
      1735 Madison St, Dubuque, IA 52001
      View Details
    • $400,000
      3,480 SF

      Updated Fourplex in Dubuque, Iowa

      Updated fourplex with four spacious units and off-street parking.
      251 W 17Th St, Dubuque, IA 52001
      View Details

    FAQs

    What type of property is this?
    Turn key restaurant - Turn-key Pita Pit franchise opportunity in Dubuque, Iowa.
    Where is this turn key restaurant located?
    The property is located at 2515 NW Arterial, Unit 7 Dubuque, IA.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: - Turn-key Pita Pit Franchise; - Proven concept with national recognition; - Located in one of Dubuque's busiest corridors
    (319) 541-3381
    Request Owner's contact information
    2515 NW Arterial, Unit 7 Dubuque, IA 52001
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2515 NW Arterial, Unit 7
    Dubuque, IA 52001
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2515 NW Arterial, Unit 7 Dubuque, IA 52001
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Jerry Elbert
    Jerry Elbert
    (319) 541-3381 (563) 231-7738
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!