Midwest Distribution Facility Near
For Sale
Contact for pricing
7200 Chavenelle Rd, Dubuque, IA 52002
Distribution facility near Amazon with high connectivity in Dubuque, Iowa.
Property Size120,800 SF
Price / SF$109.52
Days on Market200
Property Features for 7200 Chavenelle Rd
General Information
Standard status
Active
Size
120,800 SF
Class
B
Total Parking Spaces
423
Property subtype
Industrial
Zoning
P-I PLANNED INDUSTRIAL
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Net Operating Income
$694,600
Building Details
Year Built
2007
Year Renovated
2022
Buildings
1
Units
1
Tenancy
Single
Listing Agency:
CBRE - South Bay
(949) 725-8425
Listed By:
Austin Wolitarsky · License #CA 01957206
Source:
Crexi
Added: Feb 10
Changed: Aug 21
Last Checked: Aug 26 at 5:47AM
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 CBRE - South Bay
Investment Insights
Based on property information with market context.
This Midwest distribution facility at 7200 Chavenelle Rd in Dubuque, Iowa, is strategically positioned to support last-mile delivery operations. The property's location underscores a commitment to strengthening distribution capabilities in secondary Midwest markets, enabling accelerated last-mile delivery, reduced transportation costs, and improved service levels for rural and suburban customers. The facility benefits from high connectivity, with direct access to U.S. Route 20, 52, and 61, providing seamless access to last-mile delivery customers in the region. Its proximity to the I-80 corridor, Iowa’s premier east-west logistics corridor, facilitates efficient, high-volume freight flow to major markets like Chicago, Minneapolis, and St. Louis. Approximately 14,000 trucks traverse this corridor daily. The property contains 120,800 square feet.
Key Highlights
- Mission critical "last mile" distribution facility central to Amazon's Midwest strategy.
- Amazon presence demonstrates commitment to strengthening distribution in secondary Midwest markets.
- Enables Amazon to accelerate last‑mile delivery, reduce transportation costs, and improve service levels.
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
$866,455
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
6.55%
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%
$17,329,100
$17.3M
Cap Rate 7%
$12,377,929
$12.4M
Cap Rate 9%
$9,627,278
$9.6M
Market Conditions
NOI Build-Up for 120,800 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
$1.09M $9.00/SF
− Vacancy
−$67.8K −$0.56/SF
EGI
$1.02M $8.44/SF
− OpEx
−$152.9K −$1.27/SF
NOI
$866.5K $7.17/SF
Area
Dubuque County, IA
Vacancy
6.24%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$17,329,100
Cap Rate 7%
$12,377,929
Cap Rate 9%
$9,627,278
Alternative Uses
Best Use
Warehouse
$12.38M
$10.83M – $14.44M
NOI $866,455 @ 7.0% cap · market cap 6.55%
Second Best
Industrial
$10.27M
$8.98M – $11.98M
NOI $718,574 @ 7.0% cap · market cap 5.43%
Theoretical Best
Specialty Retail
$23.51M
$20.57M – $27.43M
NOI $1,645,629 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
104
Businesses Nearby
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Distribution center - Distribution facility near Amazon with high connectivity in Dubuque, Iowa.
Where is this distribution center located?
The property is located at 7200 Chavenelle Rd Dubuque, IA.
What is the asking price?
The asking price for this property is $13,230,000.
What are key features of this property?
This property features: Mission critical "last mile" distribution facility central to Amazon's Midwest strategy.; Amazon presence demonstrates commitment to strengthening distribution in secondary Midwest markets.; Enables Amazon to accelerate last‑mile delivery, reduce transportation costs, and improve service levels.
