Class A Office
For Sale
Contact for pricing
3600 Digital Dr, Dubuque, IA 52003
Headquarters-caliber building with modern upgrades and tenant occupancy.
Property Size27,525 SF
Lot Size6.83 Acres
Price / SF$118.07
Days on Market1154
Property Features for 3600 Digital Dr
General Information
Standard status
Active
Size
27,525 SF
Class
A
Lot size
6.83 Acres
Property subtype
Office
Zoning
PI
Building Details
Year Built
1999
Buildings
1
Stories
2
Listing Agency:
Dbq Property Group Inc.,
Listed By:
Nancy Kann · License #IA
(563) 580-7257
Source:
Crexi
Added: Aug 17, 2023
Changed: Sep 26
Last Checked: Oct 12 at 8:18PM
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 building suitable for headquarters use, available for sale. Measuring approximately 27,525 square feet, it features a unique architectural design with efficient floor plates and extensive glass lines. The building has been professionally managed and meticulously maintained. 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, ample parking, and countryside views, with the Granger Creek Nature Trail nearby. The location provides convenient access to transportation, being four miles from Dubuque Regional Airport and downtown Dubuque, with Highways 61/151 adjacent to the property and the Highway 52/Southwest Arterial Interchange one mile away. Local amenities such as restaurants, banking, and a convenience store are located nearby. A tenant currently leases the entire second floor, and another tenant leases half of the first floor. There is 4,665 square feet of first-floor space available for lease.
Key Highlights
- Extensive recent renovations (2018‑2021) including new roof, HVAC units, LED lighting, carpet, paint, and air purification.
- High‑quality, professionally managed 'Class A' building with distinctive architectural design and efficient floor plates.
- Excellent location in Dubuque's Technology Park with easy access to major highways (61/151, 52), airport, and downtown.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$132,189
Cap Rate
4.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,643,780
$2.6M
Cap Rate 7%
$1,888,414
$1.9M
Cap Rate 9%
$1,468,767
$1.5M
Market Conditions
NOI Build-Up for 27,525 SF
Gross rent
$231.2K $8.40/SF
− Vacancy
−$55.0K −$2.00/SF
EGI
$176.3K $6.40/SF
− OpEx
−$44.1K −$1.60/SF
NOI
$132.2K $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 Rate 5%
$2,643,780
Cap Rate 7%
$1,888,414
Cap Rate 9%
$1,468,767
Alternative Uses
Best Use
Office B
$1.89M
$1.65M – $2.20M
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
NOI $374,966 @ 7.0% cap · market cap 11.54%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
53
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
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Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Headquarters-caliber building with modern upgrades and tenant occupancy.
Where is this office building located?
The property is located at 3600 Digital Dr 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: Extensive recent renovations (2018‑2021) including new roof, HVAC units, LED lighting, carpet, paint, and air purification.; High‑quality, professionally managed 'Class A' building with distinctive architectural design and efficient floor plates.; Excellent location in Dubuque's Technology Park with easy access to major highways (61/151, 52), airport, and downtown.
