Warehouse Flex Distribution
4949 Chavenelle Rd Dubuque, IA 52002
For Sale
Contact for pricing
Flex and warehouse space includes 22' clear height, dock-high doors, and secured outdoor storage on a nearly 8-acre site.
Property Size70,220 SF
Price / SF$71.20
Days on Market339
Property Features for 4949 Chavenelle Rd
General Information
Standard status
Active
Size
70,220 SF
Property subtype
INDUSTRIAL
Listing Agency:
Equity Real Estate Group
(563) 542-3519
Listed By:
Steve Davis, CCIM · License #B66573000
(563) 542-3519
Source:
Moodyscre
Added: Aug 25, 2025
Changed: Jul 26
Last Checked: Jul 28 at 2:32PM
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 Equity Real Estate Group
Investment Insights
Based on property information with market context.
This flex and industrial building offers more than 70,000 square feet of leasable space, with both retail- and industrial-oriented areas. Warehouse operations feature a 22' clear height and a 60,000-square-foot layout partitioned into 15,000 and 45,000-square-foot sections. Each section includes dock doors with levelers, totaling 13 dock doors across the warehouse configuration. The property also includes a 14' overhead door and secured outdoor storage, supported by ample vehicle parking and truck circulation space.
The site is located in the established Dubuque Industrial Park, with convenient access to US Highway 20 within two turns. The sale also includes an adjacent 2+ acre parcel, providing additional room to grow.
While most of the building is currently leased, the overall configuration is adaptable for industrial uses including warehousing and distribution, as well as light manufacturing and flex-oriented space.
The site is located in the established Dubuque Industrial Park, with convenient access to US Highway 20 within two turns. The sale also includes an adjacent 2+ acre parcel, providing additional room to grow.
While most of the building is currently leased, the overall configuration is adaptable for industrial uses including warehousing and distribution, as well as light manufacturing and flex-oriented space.
Key Highlights
- Over 70,000 sq. ft. of flex/industrial space with 60,000 sq. ft. warehouse at 22' clear height
- Warehouse is partitioned into 15,000 and 45,000 sq. ft. sections with 13 total dock doors and levelers
- 14' OH door plus ample vehicle parking and room for truck circulation on a nearly 8‑acre secured site
Financial Insights For Industrial
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 | $632.0k | $9.00 |
| − Vacancy | −$35.3k | −$0.50 |
| EGI | $596.7k | $8.50 |
| − OpEx | −$179.0k | −$2.55 |
| NOI | $417.7k | $5.95 |
70,220 SF · lease $9.00/SF/yr · vacancy 5.58% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$9.00M
$7.87M – $10.50M
NOI $629,873 @ 7.0% cap · market cap 12.60%
Second Best
Warehouse
$7.20M
$6.30M – $8.39M
NOI $503,663 @ 7.0% cap · market cap 10.07%
Theoretical Best
Specialty Retail
$13.67M
$11.96M – $15.94M
NOI $956,590 @ 7.0% cap · market cap 19.13%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Flex and warehouse space includes 22' clear height, dock-high doors, and secured outdoor storage on a nearly 8-acre site.
Where is this flex space located?
The property is located at 4949 Chavenelle Rd Dubuque, IA.
What is the asking price?
The asking price for this property is $5,000,000.
What are key features of this property?
This property features: Over 70,000 sq. ft. of flex/industrial space with 60,000 sq. ft. warehouse at 22' clear height; Warehouse is partitioned into 15,000 and 45,000 sq. ft. sections with 13 total dock doors and levelers; 14' OH door plus ample vehicle parking and room for truck circulation on a nearly 8‑acre secured site
