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Property profile & analytics
OFF-MARKET
Flex space
7869 Commerce Park Dubuque, IA 52002-9625
Individually Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-1060175
Property profile
Verified
Property type
Flex space
Use group
LIGHT INDUSTRIAL
Year built
2018
Construction
FRAME
Total area
4,800 SF
Lot
0.99 ac (43,200 SF)
Zoning code
CI
APN
10-30-156-003
UPID
US25-1060175
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
-
Happee Smith Productions Marketing & Advertising Advertising Agency
-
Blue Ribbon Cycles Auto Repair Shop Motorcycle Shop
-
ck-construction Construction Company
-
Phases 821 Home Decor Store Department Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Wayne R Heitmann · 2 yrs held
Wayne R Heitmann
since 2023
5 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$28,118
Tax year 2023
Assessed value
$1,109,900
Assessed 2024
Previous assessed
$1,109,900
+0.0% YoY
Effective rate
2.53%
On assessed value
Assessed land
$103,700
Assessed improvement
$1,006,200
Land market value
$103,700
Improvement market value
$1,006,200
Total market value
$1,109,900
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
Flex space
Use group
LIGHT INDUSTRIAL
Status
Off-Market
Year built
2018
Construction
FRAME
Heating
NONE
Buildings
3
Stories
1
Total area
4,800 SF
Lot
0.99 ac (43,200 SF)
Zoning code
CI
APN
10-30-156-003
UPID
US25-1060175
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.
Building & site characteristics
From public records
Year built
2018
Construction
FRAME
Heating
NONE
Stories
1
Buildings
3
Lot
0.99 ac
Current owner
From public records · entity-resolved
Wayne R Heitmann
Individual
Free & Clear · 2 yrs held
Mailing address
7874 S WESTBROOK DR, DUBUQUE, IA 52002-9693
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 30, 2023
—
Wayne R Heitmann
Wayne R Heitmann
Deed
related
—
Jun 12, 2019
—
Oberbroeckling Props LLC
—
Trustees Deed
related
$285,400 · Collins Cmnty Cu
Jan 14, 2019
—
Oberbroeckling Properties LLC
—
Deed
related
$223,519 · Collins Community Cu
Oct 24, 2018
—
Oberbroeckling Props LLC
Ck Concrete Const LLC
Quit Claim Deed
related
—
—
—
Ck Concrete Construction LLC
—
Deed Of Trust
related
$76,000 · East Dubuque 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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