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Class A Office Building

3600 Digital Drive Dubuque, IA 52003

3600 Digital Drive, Dubuque, IA, 52003

$3,250,000

For Sale

$3,250,000

Meticulously maintained office building in Dubuque's Technology Park.

Property Size27,525 SF

Lot Size6.83 Acres

Price / SF$118.07

AddedAug 18, 2023

Days on Market1063

Last RefreshMay 20 at 12:25 am

Property Features for 3600 Digital Drive

General Information

Standard status: Active
Size: 27,525 SF
Lot size: 6.83 Acres
Property subtype: Commercial/Industrial

Building Details

Year Built: 1999

Listing office DBQ Property Group Inc.

Listing date Aug 18, 2023

Source Exitrealty

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 DBQ Property Group Inc.

Investment Insights

Based on property information with market context.

The property at 3600 Digital Drive is a Class A caliber building measuring approximately 27,525 square feet. It features a unique architectural design with efficient floor plates and extensive glass lines. The building has been meticulously maintained and professionally managed. Between 2018 and 2021, the property underwent several improvements, including the installation of 12 new rooftop HVAC units, upgraded LED lighting, a full roof replacement, new carpet, a paint refresh, and the addition of air purification units to all HVAC units in 2021. Situated on 6.83 acres in Dubuque’s Technology Park, the property offers outdoor seating, an abundance of parking, and countryside views. It is located steps from Granger Creek Nature Trail and is an easy commute, located four miles from Dubuque Regional Airport and downtown Dubuque, with Highways 61/151 adjacent to the property and Highway 52/Southwest Arterial Interchange a mile away. Local amenities such as restaurants, banking, and a convenience store are located nearby. One tenant is currently leasing the second floor, and another tenant is leasing half of the first floor. Approximately 4,665 square feet of lease space is available on the first floor.

Key Highlights

Recently renovated with new roof, HVAC units, LED lighting, carpet, and paint (2018‑2021).
High‑quality, Class A building with distinctive architectural design.
Excellent location in Dubuque's Technology Park with easy access to major highways, Dubuque Regional Airport, and downtown Dubuque.

Local Financial Insights For Office B

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$231.2k	$8.40
− Vacancy	−$55.0k	−$2.00
EGI	$176.3k	$6.40
− OpEx	−$44.1k	−$1.60
NOI	$132.2k	$4.80

27,525 SF · lease $8.40/SF/yr · vacancy 23.77% · expense 25.00%

Alternative Uses

Best Use

Office B

$1.89M

$1.65M – $2.20M (±1% cap)

NOI $132,189 @ 7.0% cap · market cap 4.07%

Second Best

—

no second resolved use

Theoretical Best

Specialty Retail

$5.36M

$4.69M – $6.25M (±1% cap)

NOI $374,966 @ 7.0% cap · market cap 11.54%

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

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Horizon Investment & Development Financial Advisor Integreat (Bike/Boat/Book/etc) Store

Suggested Use

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For sale
Office buildings
IA
Dubuque
52003
3600 Digital Drive

What type of property is this?

Office building - Meticulously maintained office building in Dubuque's Technology Park.

Where is this office building located?

The property is located at 3600 Digital Drive Dubuque, IA.

What is the asking price?

The asking price for this property is $3,250,000.

What are key features of this property?

This property features: Recently renovated with new roof, HVAC units, LED lighting, carpet, and paint (2018‑2021).; High‑quality, Class A building with distinctive architectural design.; Excellent location in Dubuque's Technology Park with easy access to major highways, Dubuque Regional Airport, and downtown Dubuque.