Shopping Center with Retail
New
For Sale
$5,400,000
2515 NW Arterial, Dubuque, IA 52002
The development brings together food, fitness, healthcare, wireless, and personal-care businesses in one commercial setting.
Property Size16,100 SF
Price / SF$335.40
Days on Market3
Property Features for 2515 NW Arterial
General Information
Standard status
Active
Size
16,100 SF
Additional Details
Traffic Count
20,000 vehicles/day
Building Details
Year Built
2006
Listing Agency:
EXIT Unlimited
(319) 541-3381
Listed By:
Jerry Elbert
Source:
Kwlegacyrealty
Added: Aug 2
Changed: Aug 3
Last Checked: Aug 4 at 9:27AM
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 EXIT Unlimited
Investment Insights
Based on property information with market context.
This shopping center contains 16,100 square feet and was built in 2006. The tenant lineup includes Fiesta Cancun, Orangetheory, Hy-Vee Health, Exemplar Care, U.S. Cellular, Jimmy John’s, Tropical Smoothie Cafe, and Ocean Nails, representing a range of dining, fitness, healthcare, wireless, and personal-care businesses.
The property is positioned along Dubuque’s NW Arterial corridor, where exposure is estimated at more than 20,000 vehicles per day. Its tenant mix includes national, regional, and local commercial operators, with surrounding businesses contributing to the area’s daily activity.
The property is positioned along Dubuque’s NW Arterial corridor, where exposure is estimated at more than 20,000 vehicles per day. Its tenant mix includes national, regional, and local commercial operators, with surrounding businesses contributing to the area’s daily activity.
Key Highlights
- 16,100‑square‑foot shopping center completed in 2006
- Located on Dubuque’s NW Arterial corridor
- Estimated exposure to more than 20,000 vehicles per day
Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $305.3k | $18.96 |
| − Vacancy | −$12.8k | −$0.80 |
| EGI | $292.4k | $18.16 |
| − OpEx | −$73.1k | −$4.54 |
| NOI | $219.3k | $13.62 |
16,100 SF · lease $18.96/SF/yr · vacancy 4.20% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$3.13M
$2.74M – $3.66M
NOI $219,326 @ 7.0% cap · market cap 4.06%
Second Best
Retail
$2.00M
$1.75M – $2.33M
NOI $139,838 @ 7.0% cap · market cap 2.59%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
20,000 VPD
Traffic count
Location Intelligence
Trade Area within ½ mile
300
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 52002, IA
17,177
Population
7,535
Households
2.3
Avg Household Size
41
Median Age
40%
College-Educated
97%
High-School Grad
29.2 sq mi
ZIP Area
588
Density / Sq Mi
$88,060
Median Household Income
$50,161
Median Earnings
$1,051
Median Rent
$273,400
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Asbury Plaza — 2555 IA-32, Dubuque, IA 52002
Frequently Asked Questions
What type of property is this?
Shopping center - The development brings together food, fitness, healthcare, wireless, and personal-care businesses in one commercial setting.
Where is this shopping center located?
The property is located at 2515 NW Arterial Dubuque, IA.
What is the asking price?
The asking price for this property is $5,400,000.
What are key features of this property?
This property features: 16,100‑square‑foot shopping center completed in 2006; Located on Dubuque’s NW Arterial corridor; Estimated exposure to more than 20,000 vehicles per day
