Multi-Tenant Shopping
For Sale
$4,703,000
190 John F Kennedy Road, Dubuque, IA 52001
Fully leased retail center with established national and local occupants along a Dubuque commercial corridor.
Property Size32,561 SF
Price / SF$144.44
Days on Market9
Property Features for 190 John F Kennedy Road
General Information
Standard status
Active
Size
32,561 SF
Property subtype
Commercial
Occupancy
100%
Lease Term
[]
Additional Details
Asking Price
$4,703,000
Traffic Count
13,300 vehicles/day
Building Details
Year Built
1965
Tenancy
Multi
Listing Agency:
SKOGMAN REALTY COMMERCIAL
Listed By:
Tiffany Earl Williams-WSG CRE
(319) 364-8121
Source:
Cbhrealty
Added: Sep 5
Changed: Sep 12
Last Checked: Sep 12 at 9:56AM
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 SKOGMAN REALTY COMMERCIAL
Investment Insights
Based on property information with market context.
Built in 1965, this multi-tenant shopping center at 190 John F Kennedy Road is fully leased and occupied by Staples, Dubuque Appliance, and Nothing Bundt Cakes. The tenant roster combines national brands with a local retailer, while lease structures include both triple-net and gross arrangements.
The property fronts a Dubuque retail corridor carrying approximately 13,300 vehicles per day. Average remaining lease term is 4.33 years, providing a defined lease-duration profile across the occupied center. The address is 190 John F Kennedy Road, Dubuque, Iowa 52001.
The property fronts a Dubuque retail corridor carrying approximately 13,300 vehicles per day. Average remaining lease term is 4.33 years, providing a defined lease-duration profile across the occupied center. The address is 190 John F Kennedy Road, Dubuque, Iowa 52001.
Key Highlights
- 100% leased multi‑tenant retail center
- Located at 190 John F Kennedy Road in Dubuque, IA 52001
- Approximately 13,300 VPD along John F Kennedy Road
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$282,812
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.01%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,656,240
$5.7M
Cap Rate 7%
$4,040,171
$4.0M
Cap Rate 9%
$3,142,356
$3.1M
Market Conditions
NOI Build-Up for 32,561 SF
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.
Gross rent
$429.8K $13.20/SF
− Vacancy
−$25.8K −$0.79/SF
EGI
$404.0K $12.41/SF
− OpEx
−$121.2K −$3.72/SF
NOI
$282.8K $8.69/SF
Area
Dubuque County, IA
Vacancy
6.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$5,656,240
Cap Rate 7%
$4,040,171
Cap Rate 9%
$3,142,356
Alternative Uses
Best Use
Retail
$4.04M
$3.54M – $4.71M
NOI $282,812 @ 7.0% cap · market cap 6.01%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$6.34M
$5.54M – $7.39M
NOI $443,571 @ 7.0% cap · market cap 9.43%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
13,300 VPD
Traffic count
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
801
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52001, IA
43,572
Population
20,102
Households
2.2
Avg Household Size
36
Median Age
30%
College-Educated
92%
High-School Grad
26.1 sq mi
ZIP Area
1,669
Density / Sq Mi
$60,882
Median Household Income
$35,571
Median Earnings
$916
Median Rent
$168,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Warren Plaza — 3500 Dodge St, Dubuque, IA 52003
- Kennedy Mall — 555 John F Kennedy Rd, Dubuque, IA 52002
Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail center with established national and local occupants along a Dubuque commercial corridor.
Where is this shopping center located?
The property is located at 190 John F Kennedy Road Dubuque, IA.
What is the asking price?
The asking price for this property is $4,703,000.
What are key features of this property?
This property features: 100% leased multi‑tenant retail center; Located at 190 John F Kennedy Road in Dubuque, IA 52001; Approximately 13,300 VPD along John F Kennedy Road
