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Property profile & analytics
FOR LEASE
Manufacturing properties
1551 15Th Ave SE Dyersville, IA 52040
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0160002
For Lease
1 / 23
$2,175,000
1551 15Th Ave SE, Dyersville, IA 52040
View Listing →
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1990
Total area
156,550 SF
Lot
20 ac (871,200 SF)
Zoning code
CO
APN
12-05-126-003
UPID
US25-0160002
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.84M
Blend (final)
Blend
$2.18M
Owner & transaction history
Jason Rauen · 5 yrs held
Jason Rauen
since 2020
7 recorded transactions
Zoning & alternative use
CO · Dyersville, IA
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 Dyersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Dyersville 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.18M
Range $1.96M – $2.39M · ±10%
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
$14 / 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
$64,012
Tax year 2023
Assessed value
$2,150,200
Assessed 2024
Previous assessed
$2,584,300
-16.8% YoY
Effective rate
2.98%
On assessed value
Assessed land
$392,700
Assessed improvement
$1,757,500
Land market value
$392,700
Improvement market value
$1,757,500
Total market value
$2,150,200
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
For Lease
Year built
1990
Heating
NONE
Stories
1
Total area
156,550 SF
Lot
20 ac (871,200 SF)
Zoning code
CO
APN
12-05-126-003
UPID
US25-0160002
Jurisdiction
DUBUQUE
Zoning & alternative use
CO · Dyersville, IAZoning CO · permitted uses
CO · Dyersville, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
165.01 BASIC PROVISIONS
Building & site characteristics
From public records
Year built
1990
Heating
NONE
Stories
1
Lot
20 ac
Current owner
From public records · entity-resolved
Jason Rauen
Individual
Free & Clear · 5 yrs held
Mailing address
302 5TH ST NW, DYERSVILLE, IA 52040-1045
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2025
—
Jjr Investments LLC
—
Deed
related
$7,900,000 · Fidelity Bank & Trust
Oct 24, 2022
—
Jjr Investments LLC
—
Deed
related
$3,050,000 · Fidelity Bank & Trust
Jul 13, 2022
—
Jason J Rauen
—
Deed
related
$3,050,000 · Fidelity Bank & Trust
Apr 9, 2021
—
Jason S Rauen
—
Deed
related
$3,050,000 · Fidelity Bank & Trust
Oct 19, 2020
$1,800,000
Jason Rauen
Champion Modular INC
Warranty Deed
—
Dec 5, 2016
$2,156,000
Champion Modular INC
All American Homes Of Iowa LLC
Grant Deed
—
—
—
All American Homes Of Iowa LLC
—
Deed Of Trust
related
$20,000 · Hig All American LLC
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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