Mixed-Use Commercial
For Sale
$950,000
2155 Southpark Court, Dubuque, IA 52003
Commercial Sale, Dubuque, IA
Property Size6,116 SF
Lot Size1.14 Acres
Price / SF$155.33
Days on Market201
Property Features for 2155 Southpark Court
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
C-3
Bathrooms
5
Full bathrooms
5
Rooms
Bathroom 3, Bathroom 2, Bathroom 4, Bathroom 1, Bathroom 5
Parking
50
Subdivision
DUBUQUE AREA
Standard status
Active
APN
1501329005
Lot size
1.14 Acres
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Cooling system
Central Air
Water source
Public
Amenities
on-site parking
Building Details
Year built
1994
Floors in Building
1
Building materials
Brick
Roof type
Shingle
Listing Agency:
Ruhl & Ruhl Realtors
(563) 583-4550
Listed By:
Tri State Commercial Group .
(563) 564-9533
Added: Feb 9
Changed: Aug 25
Last Checked: Aug 29 at 12:06PM
MLS# 153915
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.
Investment Insights
Based on property information with market context.
Located at 2155 Southpark Court in Dubuque’s South End, this mixed-use commercial building contains 6,116 square feet on a 1.14-acre corner site. Constructed in 1994, the brick building includes five bathrooms and is served by forced-air heating, central air, public water, and public sewer. A shingle roof completes the primary improvements.
The property is positioned near major highways and includes on-site parking. C-3 zoning and the existing commercial configuration support a range of identified uses, including office, daycare, restaurant, medical, and service-based businesses. Its corner setting and access to public utilities provide practical operating features for a variety of commercial occupants.
The property is positioned near major highways and includes on-site parking. C-3 zoning and the existing commercial configuration support a range of identified uses, including office, daycare, restaurant, medical, and service-based businesses. Its corner setting and access to public utilities provide practical operating features for a variety of commercial occupants.
Key Highlights
- 6,116‑square‑foot mixed‑use commercial building on a 1.14‑acre site
- C‑3 zoning supports office, daycare, restaurant, medical, and service‑based uses
- Corner‑lot location near major highways in Dubuque’s South End
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
$44,402
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
4.67%
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%
$888,040
$888.0K
Cap Rate 7%
$634,314
$634.3K
Cap Rate 9%
$493,356
$493.4K
Market Conditions
NOI Build-Up for 6,116 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
$80.7K $13.20/SF
− Vacancy
−$9.7K −$1.58/SF
EGI
$71.0K $11.62/SF
− OpEx
−$26.6K −$4.36/SF
NOI
$44.4K $7.26/SF
Area
Dubuque County, IA
Vacancy
12.00%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
37.50%
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%
$888,040
Cap Rate 7%
$634,314
Cap Rate 9%
$493,356
Alternative Uses
Best Use
Mixed Use
$634.3K
$555.0K – $740.0K
NOI $44,402 @ 7.0% cap · market cap 4.67%
Second Best
Office B
$419.6K
$367.2K – $489.5K
NOI $29,372 @ 7.0% cap · market cap 3.09%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,317 @ 7.0% cap · market cap 8.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
118
Businesses Nearby
Explore this area
Business Placement
Demographics for 52003, IA
14,060
Population
5,855
Households
2.4
Avg Household Size
45
Median Age
44%
College-Educated
97%
High-School Grad
56.4 sq mi
ZIP Area
249
Density / Sq Mi
$96,714
Median Household Income
$53,211
Median Earnings
$953
Median Rent
$261,500
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - C-3-zoned brick property with flexible commercial use potential and on-site parking.
Where is this mixed-use property located?
The property is located at 2155 Southpark Court Dubuque, IA.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: 6,116‑square‑foot mixed‑use commercial building on a 1.14‑acre site; C‑3 zoning supports office, daycare, restaurant, medical, and service‑based uses; Corner‑lot location near major highways in Dubuque’s South End
