Building Details

Year Built 1961

Tenancy Multi

Listing Agency: American Realty of Dubuque, Inc.

Listed By: David Frommelt · License #B36201 Show Phone

Source: Kwlegacyrealty

Added: Jul 21 Changed: Oct 11 Last Checked: Oct 7 at 4:49PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of American Realty of Dubuque, Inc.

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Investment Insights

Based on property information with market context.

This well-maintained commercial office building totals approximately 9,400 square feet and is currently fully leased to four tenants, with the seller considering a lease-back. The property includes shared conference room and break room amenities and is described as having many improvements.

The building is positioned near the corner of Bryant St and Dodge St, offering great visibility and easy access. Off-street parking is available on-site.

The property is zoned OR. Showings and details can be coordinated based on tenant occupancy, with the seller indicating willingness to entertain a lease-back arrangement.

Key Highlights

• 9400 sq ft commercial building built in 1961, near the corner of Bryant St and Dodge St
• Fully leased with 4 tenants (seller would entertain lease back)
• OR zoning and well‑maintained building

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$45,384

Cap Rate

5.68%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$907,680 $907.7K

Cap Rate 7%

$648,343 $648.3K

Cap Rate 9%

$504,267 $504.3K

Is this asking price fair?

Market Conditions

NOI Build-Up for 9,450 SF

Gross rent

$79.4K $8.40/SF

− Vacancy

−$18.9K −$2.00/SF

EGI

$60.5K $6.40/SF

− OpEx

−$15.1K −$1.60/SF

NOI

$45.4K $4.80/SF

Area

Dubuque County, IA

Vacancy

23.77%

Lease Rate

$8.40 /SF/Yr

Expense Ratio

25.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$907,680

Cap Rate 7%

$648,343

Cap Rate 9%

$504,267

Alternative Uses

Best Use

Office B

$648.3K

$567.3K – $756.4K (±1% cap)

NOI $45,384 @ 7.0% cap · market cap 5.68%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$1.84M

$1.61M – $2.15M (±1% cap)

NOI $128,735 @ 7.0% cap · market cap 16.11%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Contact the owner directly Get the owner's phone numbers and email

Open Analytics

Current Use

Radiation Oncology Services Physician Managed Solutions Group, ... Tech Support Center Alauna Boettner - Financial ... Financial Advisor Baer Monique M ... Physician

Suggested Use

Top Pick (Bike/Boat/Book/etc) Store Real Estate Agency Bakery Garden Center Butcher Carpet & Flooring Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

100%

Occupancy

Multi-tenant

Tenancy

Location Intelligence

Trade Area within ½ mile

743

Businesses Nearby

Explore this area Business Placement

Demographics for 52003, IA

14,060

Population

5,855

Households

2.4

Avg Household Size

45

Median Age

44%

College-Educated

97%

High-School Grad

56.4 sq mi

ZIP Area

249

Density / Sq Mi

$96,714

Median Household Income

$53,211

Median Earnings

$953

Median Rent

$261,500

Median Home Value

Market

Vacancy Rate% for Office in Midwest region

13.7% 2019

15.6% 2020

17.1% 2021

18.9% 2022

21% 2023

22% 2024

21.3% 2025

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Frequently Asked Questions

What type of property is this?

Office building - Well-maintained office building is fully leased to four tenants and includes shared conference and break rooms.

Where is this office building located?

The property is located at 120 Bryant St Dubuque, IA.

What is the asking price?

The asking price for this property is $799,000.

What are key features of this property?

This property features: 9400 sq ft commercial building built in 1961, near the corner of Bryant St and Dodge St; Fully leased with 4 tenants (seller would entertain lease back); OR zoning and well‑maintained building