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    Property profile & analytics

    2150 Kerper Blvd Dubuque, IA 52001

    • Warehouses
    • 268,370 SF
    • 12.16 lot acres
    For Sale
    View listing
    $7,250,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0335287
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Single Source Transport / Trucking Company
    • Jacobson Logistics LLC / Freight Forwarding Service
    • Georgia-Pacific Corporation / Manufacturer / Saw Mill

    Property Details for 2150 Kerper Blvd

    Year built
    1959
    Lot size
    12.16 lot acres
    Property size
    268,370 SF
    Zone code
    CI
    Property type
    Warehouses
    APN
    11-18-376-001
    APU
    1118376001

    Description

    This expansive 268,610-square-foot industrial facility in Dubuque, Iowa, presents a significant investment opportunity. Situated on 12.16 acres directly adjacent to the Mississippi River, this single-tenant property is ideally suited for heavy manufacturing and distribution. Originally constructed in 1959 with subsequent additions, the building boasts 12 loading docks and one grade-level drive-in door, ensuring efficient operations. Ceiling heights range from 15'6" to 24', accommodating diverse needs. The property features a robust 4,500 Amp, 277/480V, 3-phase electrical service and a Canadian Pacific rail spur extending 240 feet into the building. Approximately 4,929 square feet are dedicated to office space. The building's construction incorporates precast, masonry block, and insulated metal panels. Fire suppression is 100% via wet and dry systems. Lighting is a combination of LED and fluorescent. HVAC is comprehensive, including full office HVAC, Cambridge units, and gas-fired heaters. The roof is TPO, with a portion replaced in 2018. Parking includes approximately 60 trailer stalls and 75 automobile stalls. The property benefits from a 10" water main, municipal sewer, and services from Alliant Energy (electric) and Black Hills Energy (natural gas). The 2021 net taxes were $75,512.00 ($0.28/SF). The property holds an AA+ BRC Audit (British Retail Consortium) accreditation and is equipped with fiber optic capabilities. The permitted zoning is industrial. This property offers a compelling combination of size, location, and infrastructure. Asking price: $7,250,000.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $810,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Dubuque
    County
    Dubuque
    State
    Iowa
    Longitude
    -90.6544
    Latitude
    42.5181
    CBSA code
    20220
    CBSA name
    DUBUQUE, IA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $80,522
    $1,005,000
    $2,037,800
    $3,042,800
    -
    $1,005,000
    $2,037,800
    $3,042,800

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    • Value Estimation
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      2461 Kerper Blvd

      WAREHOUSE, STORAGE • 4,080 SF
      2461 Kerper Blvd, Dubuque, IA 52001-2223
      View Details

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    Similar Nearby for Lease

    • $4 SF/Yr

      Warehouse Space Available in Dubuque

      Warehouse space for lease in established Dubuque Office/Industrial Park.
      2460 Kerper Blvd, Dubuque, IA 52001
      View Details
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      Dubuque Warehouse Space For Lease

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      Dubuque Industrial Warehouse Space

      Prime Iowa warehouse, flexible space available.
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    • $4 SF/Yr

      Dubuque Warehouse Space For Lease

      12,144 SF warehouse space available for lease in Dubuque.
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    • $9 SF/Yr
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      Iowa Street Multi-Use Property

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      Industrial Land for Sale in Dubuque

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    Dubuque, IA 52001
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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