New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,850,000
Medical Office Space
1500 Associates Dr, Dubuque, IA 52002-2201
Entity Owned
8-yr Hold
Free & Clear
Property ID
US25-0384130
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1996
Total area
101,989 SF
Lot
26.38 ac (1,149,113 SF)
Zoning code
CI
APN
10-28-152-001
UPID
US25-0384130
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Amber J. Swancutt, PT Physician
-
Joan Gibbs, PT Physician
-
Tri-State Surgery Center Medical Clinic Hospital
-
Steven Rock, MD Physician
-
Mark Moore, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.01M
Blend (final)
Blend
$8.85M
Owner & transaction history
Mar Hldgs LLC · 8 yrs held
Mar Hldgs LLC
since 2017
5 recorded transactions
Zoning & alternative use
CI · Dubuque, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.8M
+73.6%
Restaurant
$8.7M
+40.4%
Auto repair, garage
$6.5M
+4.5%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Dubuque submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dubuque submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$6,200,000
Current use
COMMERCIAL (GENERAL)
$10,760,000
Change: +74% · Conversion: Easy
RESTAURANT
$8,700,000
Change: +40% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,475,000
Change: +4% · Conversion: Difficult
OFFICE BUILDING
$6,155,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$8.85M
Range $7.97M – $9.74M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$87 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$503,938
Tax year 2023
Assessed value
$18,677,500
Assessed 2024
Previous assessed
$18,660,400
+0.1% YoY
Effective rate
2.70%
On assessed value
Assessed land
$3,047,100
Assessed improvement
$15,630,400
Land market value
$3,047,100
Improvement market value
$15,630,400
Total market value
$18,677,500
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1996
Heating
NONE
Stories
3
Total area
101,989 SF
Lot
26.38 ac (1,149,113 SF)
Zoning code
CI
APN
10-28-152-001
UPID
US25-0384130
Jurisdiction
DUBUQUE
Zoning & alternative use
CI · Dubuque, IA
Zoning CI · permitted uses
CI · Dubuque, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Dubuque. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$6.2M
COMMERCIAL (GENERAL)
Est. value
$10.8M
RESTAURANT
Est. value
$8.7M
AUTO REPAIR, GARAGE
Est. value
$6.5M
OFFICE BUILDING
Est. value
$6.2M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
RESTAURANT
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1996
Heating
NONE
Stories
3
Lot
26.38 ac
Current owner
From public records · entity-resolved
Mar Hldgs LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1500 ASSOCIATES DR, DUBUQUE, IA 52002-2201
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 30, 2019
—
Mar Hldgs LLC
—
Deed
related
$39,700,000 · Dubuque Bk&tr
Dec 29, 2017
—
Mar Hldgs LLC
Medical Assocs Realty LLC
Warranty Deed
—
Jun 23, 2015
$65,000
Medical Associates Mercy Family Car
Steven R Stahr
Warranty Deed
—
—
—
Mar Hldgs LLC
—
Deed Of Trust
related
$39,700,000 · Dubuque Bk&tr
—
—
Medical Associates Realty LP
—
Deed Of Trust
related
$22,500,000 · Us Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1500 Associates Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
