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Property profile & analytics
FOR LEASE
Turn key restaurants
285 Main St Dubuque, IA 52001
Entity Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0096135
For Lease
1 / 8
$8 SF/Yr
285 Main St, Dubuque, IA 52001
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Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1900
Total area
26,968 SF
Lot
0.17 ac (7,324 SF)
Zoning code
CI
APN
10-25-276-007
UPID
US25-0096135
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
-
Barrel House Bar & Pub Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.15M
Blend (final)
Blend
$1.87M
Owner & transaction history
Barker Financial LLC · 9 yrs held
Barker Financial LLC
since 2016
7 recorded transactions
Zoning & alternative use
CI · Dubuque, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
RESTAURANT
$2,145,000
Current use
OFFICE BUILDING
$1,875,000
Change: -13% · Conversion: Moderate
Blend value · Realmo final
$1.87M
Range $1.68M – $2.06M · ±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
$69 / 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
$44,008
Tax year 2023
Assessed value
$2,360,000
Assessed 2024
Previous assessed
$2,360,000
+0.0% YoY
Effective rate
1.86%
On assessed value
Assessed land
$105,500
Assessed improvement
$2,254,500
Land market value
$105,500
Improvement market value
$2,254,500
Total market value
$2,360,000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1900
Heating
NONE
Stories
4
Total area
26,968 SF
Lot
0.17 ac (7,324 SF)
Zoning code
CI
APN
10-25-276-007
UPID
US25-0096135
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
RESTAURANT Current
Est. value
$2.1M
OFFICE BUILDING
Est. value
$1.9M
RESTAURANT Current
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
1900
Heating
NONE
Stories
4
Lot
0.17 ac
Current owner
From public records · entity-resolved
Barker Financial LLC
Entity
Free & Clear · 9 yrs held
Mailing address
116 E COLLEGE ST, IOWA CITY, IA 52240-4069
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 27, 2021
—
Baker Financial LLC
—
Deed
related
$1,900,000 · West Bank
Apr 18, 2017
—
Banker Financial LLC
—
Deed
related
$2,080,000 · Dubuque Bk&tr
Nov 29, 2016
—
Barker Financial LLC
73 Chs Forwards LLC
Grant Deed
related
—
Apr 21, 2014
—
73 Chs Forwards LLC
—
Trustees Deed
related
$1,600,000 · Barker Fin'l LLC
Jul 7, 2010
$1,732,000
73 Chs Forwards LLC
Dubuque Bank & Trust Company
Corporation Deed
$2,500,000 · Dubuque Bank & Trust Co
Jun 21, 2010
$1,709,088
Dubuque Bk & Trust
Sheriff Of Dubuque County
Trustees Deed
related
—
—
—
73 Chs Forwards LLC
—
Deed Of Trust
related
$1,750,000 · Cedar Rapids Bank & Trust Co
—
—
73 Chs Forwards LLC
—
Deed Of Trust
related
—
—
—
Banker Financial LLC
—
Deed Of Trust
related
$2,080,000 · Dubuque Bk&tr
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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