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    1021 SE 2nd Avenue Suite B Dyersville, IA 52040

    View on Map
    For Lease
    $3,400 /Mo

    COMMERCIAL - Dyersville, IA

    Added:
    Mar 9, 2026
    Days on Market:
    27
    Last Refresh:
    Apr 4 at 6:06 pm

    Property Features for 1021 SE 2nd Avenue Suite B

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    C
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 3, Bathroom 2
    Parking
    13
    Basement
    Partial
    Standard status
    Active
    APN
    0732152013

    Taxes and HOA fees

    Tax Description
    Lot 7 & 8 East Dyersville

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1951
    Floors in Building
    1
    Building materials
    Brick, Cedar, Stucco, Steel Siding
    Roof type
    Metal

    We can help!

    Listing Contact
    Cody Burger
    Cody Burger

    Listing agent Cody Burger

    Listing office EXIT Unlimited 1200 Cedar Cross Road, Dubuque, IA

    Listing date Mar 9, 2026

    MLS# 154103

    Copyright © 2026 East Central Iowa Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Prime Corner Commercial Space

    This commercial space is located on a prime corner with great visibility along a busy highway and street, offering easy access. The location benefits from high traffic counts and convenient ingress and egress from Hwy 136 and 2nd Ave SE. The interior features an open layout with an office or meeting room. There is potential to divide the space into a smaller area with the addition of a door and windows. The property is located in Dyersville, Iowa, in Dubuque County.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Dyersville
    County
    Dubuque
    State
    Iowa
    Longitude
    -91.1123225
    Latitude
    42.482326

    Nearby Similar for Lease

    • $8/mo

      Dyersville Commercial Building For Lease

      Turnkey commercial building in a rapidly growing town, fronting Highway 20.
      1595 20th Ave SE, Dyersville, IA 52040
      View Details
    • $4/mo

      Dyersville Industrial/Commercial Building For Lease

      Turnkey industrial/commercial building with highway frontage in Dyersville, Iowa.
      1551 15th Ave SE, Dyersville, IA 52040
      View Details
    • $16/mo

      Dyersville Office Space For Lease

      First-generation office space in mixed-use building near Field of Dreams.
      120 Twin Steeples Circle NE, Dyersville, IA
      View Details

    FAQs

    What type of property is this?
    Retail space - Versatile commercial space with high visibility and easy access.
    Where is this retail space located?
    The property is located at 1021 SE 2nd Avenue Suite B Dyersville, IA.
    What is the lease rate?
    The lease rate is $3,400 /Mo.
    What are key features of this property?
    This property features: Prime corner location with high visibility on a busy highway and street.; Easy access with convenient ingress and egress from Hwy 136 and 2nd Ave SE.; Versatile space with an open layout offering endless possibilities.
    (563) 451-2346
    We can help!
    Listing Contact
    Cody Burger
    Cody Burger
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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