Dubuque Commercial Space For
For Sale
Contact for pricing
301 Data Ct, Dubuque, IA 52003
66,120 SF commercial space with ample parking in Dubuque, IA.
Property Size66,120 SF
Price / SF$69.57
Days on Market2076
Property Features for 301 Data Ct
General Information
Standard status
Active
Size
66,120 SF
Class
B
Property subtype
Land, Mixed Use, Office, Special Purpose
Zoning
P1
Investment Type
Owner/User
Building Details
Year Built
1999
Buildings
1
Stories
2
Units
2
Tenancy
Multi
Listing Agency:
SVN | CREATE Commercial Real Estate Advisors
Listed By:
Heath Bullock · License #IA B38797
(515) 554-7412
Source:
Crexi
Added: Jan 8, 2021
Changed: Sep 5
Last Checked: Sep 14 at 6:29AM
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 SVN | CREATE Commercial Real Estate Advisors
Investment Insights
Based on property information with market context.
Located just off Hwy 61 in Dubuque, IA, the property at 301 Data Ct offers 66,120 square feet of commercial space. Constructed in 1999 and zoned P-1, the building includes 10 offices, a spacious open area, and Hi-Tech software. The property features a parking ratio of 5.96/1000 square feet, with a wrap-around parking lot. The location benefits from a high traffic count of 15,709 and proximity to popular retailers and eateries. The property includes furnished cubicles and employee rest areas.
Key Highlights
- Excellent location just off Hwy 61, providing convenient access to Dubuque.
- Large 66,120 SF building with 10 offices and a spacious open area.
- Ample parking with a 5.96/1000 SF parking ratio.
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
$317,541
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
6.90%
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%
$6,350,820
$6.4M
Cap Rate 7%
$4,536,300
$4.5M
Cap Rate 9%
$3,528,233
$3.5M
Market Conditions
NOI Build-Up for 66,120 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
$555.4K $8.40/SF
− Vacancy
−$132.0K −$2.00/SF
EGI
$423.4K $6.40/SF
− OpEx
−$105.8K −$1.60/SF
NOI
$317.5K $4.80/SF
Area
Dubuque County, IA
Vacancy
23.77%
Lease Rate
$8.40 /SF/Yr
Expense Ratio
25.00%
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%
$6,350,820
Cap Rate 7%
$4,536,300
Cap Rate 9%
$3,528,233
Alternative Uses
Best Use
Mixed Use
$6.86M
$6.00M – $8.00M
NOI $480,031 @ 7.0% cap · market cap 10.44%
Second Best
Office B
$4.54M
$3.97M – $5.29M
NOI $317,541 @ 7.0% cap · market cap 6.90%
Theoretical Best
Specialty Retail
$12.87M
$11.26M – $15.01M
NOI $900,737 @ 7.0% cap · market cap 19.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
59
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
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?
Office building - 66,120 SF commercial space with ample parking in Dubuque, IA.
Where is this office building located?
The property is located at 301 Data Ct Dubuque, IA.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: Excellent location just off Hwy 61, providing convenient access to Dubuque.; Large 66,120 SF building with 10 offices and a spacious open area.; Ample parking with a 5.96/1000 SF parking ratio.
