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Property profile & analytics
OFF-MARKET
Estimated value
$1,110,000
Banks
255 John F Kennedy Rd Dubuque, IA 52002-5313
Individually Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0419864
Property summary
AI-generated overview
This exceptional Class A office building, completed in 2023, offers 30,000 square feet of premium space at 255 John F Kennedy Rd, Dubuque, IA 52002. Situated on 2.2 acres in Dubuque County, this single, three-story building provides a variety of office configurations suitable for executive, creative, or traditional office needs. Currently, there are multiple tenancies available, with a significant 20,000 square feet of vacant space spread across the second and third floors. Flexible floor plans allow for customization to meet specific business requirements, with spaces ranging from 2,500 to 20,000 square feet. The building boasts a generous 4:1 parking ratio (4 spaces per 1,000 square feet), two elevators for convenient access, and a tenant improvement allowance is available. This centrally located property is in a newly developed area within Dubuque's retail district, offering excellent visibility and accessibility. The building's modern design and amenities make it an ideal location for businesses seeking a prestigious and functional workspace.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2022
Total area
29,968 SF
Lot
2.48 ac (107,898 SF)
Zoning code
CI
APN
10-27-152-014
UPID
US25-0419864
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
-
Simmons Robert OD Physician
-
Bellino Fireworks Discount Store Party Supply Store
-
Collins Community Credit Union Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.11M
Owner & transaction history
Collins Community Credit Union · 4 yrs held
Collins Community Credit Union
since 2021
1 recorded transaction
Zoning & alternative use
CI · Dubuque, IA
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
$1,820,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.11M
Range $999k – $1.22M · ±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
$37 / 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
$42,482
Tax year 2023
Assessed value
$6,151,900
Assessed 2024
Previous assessed
$1,639,700
+275.2% YoY
Effective rate
0.69%
On assessed value
Assessed land
$1,343,100
Assessed improvement
$4,808,800
Land market value
$1,343,100
Improvement market value
$4,808,800
Total market value
$6,151,900
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
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2022
Heating
NONE
Stories
3
Units
1
Total area
29,968 SF
Lot
2.48 ac (107,898 SF)
Zoning code
CI
APN
10-27-152-014
UPID
US25-0419864
Jurisdiction
DUBUQUE
Zoning & alternative use
CI · Dubuque, IAZoning CI · permitted uses
CI · Dubuque, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
Unified Development Code
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING
Est. value
$1.8M
MEDICAL 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
2022
Heating
NONE
Stories
3
Units
1
Lot
2.48 ac
Current owner
From public records · entity-resolved
Collins Community Credit Union
Individual
Free & Clear · 4 yrs held
Mailing address
1005 BLAIRS FRY RD NE, CEDAR RAPIDS, IA 52402-1292
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
$1,702,500
Collins Community Credit Union
Kennedy Mallview LLC
Warranty Deed
—
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.
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