2460 Kerper BlvdDubuque, IA 52001

Property Details for 2460 Kerper Blvd

Year built

1984

Lot size

15.19 AC

Property size (Sq ft)

64,077 SF

Property type

Office buildings

APN

11-18-251-012

APU

1118251012

Description

This exceptional industrial property, located at 2460 Kerper Blvd, Dubuque, IA 52001, offers a range of warehouse and distribution spaces within an established office/industrial park. The property encompasses a substantial 387,207 square feet across two stories, situated on a 15.19-acre lot with convenient access to Hwy 151/61. Units are available ranging from 8,773 to 43,896 contiguous square feet, with a total of 100,000 square feet currently vacant. Ceiling heights vary from 12' to 38', accommodating diverse operational needs. The building boasts 15 loading docks and ample parking for 588 vehicles. Significant improvements were completed in 2020, including six new loading docks, new boilers, an updated fire alarm system, parking lot enhancements, a roof replacement, new warehouse gas heaters (100-400 BTU's), new LED lighting (warehouses with occupancy sensors, parking lot, building entrances, and flood lighting). The property is zoned H1 and features security card access and a walking trail along the Mississippi River. Power is provided by a 77/480 system, supplemented by a 400 KW emergency generator. Lease rates vary based on ceiling height: 14'-16' ceilings are $4.00 PSF + $1.95 PSFCAM (utilities, taxes, and insurance included)

• CAP approach

  CAP return

  Valuation

  6%

  $11,569,863

  6.5%

  $10,679,873

  7%

  $9,917,025

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,505,301

  Geo Method

  $8,346,029

• Alternative Use

  Use

  Valuation

  Residential

  $13,243,043

  Hospitality

  $12,130,556

  Educational

  $10,092,480

  Medical

  $10,439,576

  Retail

  $15,699,414

Location Insight

City

Dubuque

County

Dubuque

State

Iowa

Latitude

42.524

Longitude

-90.65

CBSA code

20220

CBSA name

DUBUQUE, IA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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