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Property profile & analytics
OFF-MARKET
Estimated value
$715,000
Flex space
4029 Pennsylvania Ave Dubuque, IA 52002-2232
Individually Owned
3-yr Hold
~
Est. High Equity
Property ID
US25-0178271
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
1995
Total area
9,952 SF
Lot
1.09 ac (47,611 SF)
Zoning code
CI
APN
10-20-480-011
UPID
US25-0178271
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
-
Lisa Bodnar, Realtor Real Estate Agency
-
Jeffrey Adams, Remax Advantage Real Estate Agency
-
Marianne Yunt, RE/MAX Advantage Realty Real Estate Agency
-
Brenda Charlson, Realtor, ReMax Advantage Realty Real Estate Agency
-
Peg Harbaugh, Remax Advantage Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$690k
CAP Approach
CAP
$910k
Comparable Approach
Comparable
$725k
Blend (final)
Blend
$715k
Owner & transaction history
Gregory J Adams · 3 yrs held
Gregory J Adams
since 2023
Last sale
$718,500
2 recorded transactions
Zoning & alternative use
CI · Dubuque, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$790,000
+102.1%
Office building
$690,000
+76.6%
Retail stores
$455,000
+16.1%
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
$885,000
ML approach
$690,000
CAP Approach
CAP Return
Estimation
6%
$985,000
6.5%
$910,000
7%
$845,000
Alternative Use
Use
Estimation
RESTAURANT
$790,000
Change: +102% · Conversion: Difficult
OFFICE BUILDING
$690,000
Change: +77% · Conversion: Difficult
RETAIL STORES
$455,000
Change: +16% · Conversion: Moderate
Blend value · Realmo final
$715k
Range $644k – $787k · ±10% · vs last sale $719k (Jun 26 2023)
Last sale anchor
$719k
Jun 26 2023
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
$72 / 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
$31,784
Tax year 2023
Assessed value
$1,245,100
Assessed 2024
Previous assessed
$1,245,100
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$426,300
Assessed improvement
$818,800
Land market value
$426,300
Improvement market value
$818,800
Total market value
$1,245,100
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
1995
Heating
NONE
Stories
1
Units
1
Total area
9,952 SF
Lot
1.09 ac (47,611 SF)
Zoning code
CI
APN
10-20-480-011
UPID
US25-0178271
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
Est. value
$790,000
OFFICE BUILDING
Est. value
$690,000
RETAIL STORES
Est. value
$455,000
RESTAURANT
OFFICE BUILDING
RETAIL STORES
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
1995
Heating
NONE
Stories
1
Units
1
Lot
1.09 ac
Current owner
From public records · entity-resolved
Gregory J Adams
Individual
Mailing address
4029 PENNSYLVANIA AVE STE #1, DUBUQUE, IA 52002-2232
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 26, 2023
—
Gregory J Adams
Hales Mill Development LLC
Quit Claim Deed
related
—
Mar 5, 2007
$718,500
Gregory J Adams
Moore,kenneth J & Julie A
Grant Deed
$1,222,603 · American Trust & Savings Bank
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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