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    120 9Th Street SW Clarion, IA 50525

    View on Map
    For Sale
    $320,000

    COMMERCIAL - Other - Clarion, IA

    Property size:
    14,720 SF
    Lot size:
    0.35 Acres
    Added:
    Mar 3, 2026
    Days on Market:
    34
    Last Refresh:
    Apr 6 at 8:06 am

    Property Features for 120 9Th Street SW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1001201006
    Size
    14,720 SF
    Lot size
    0.35 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOTS 1, 2, 3 & ADJ N. 1/2 OF ALLEY, LOTS 5 & 6 & S 1/2 OF ALLEY ADJ ON N. BLOCK 16 WG
    Tax Annual Amount
    5760

    Utilities

    Heating system
    Forced Air
    Water source
    Public

    Building Details

    Year built
    1978
    Number of units
    1
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    Rodney Brooks

    Listing agent Rodney Brooks License #***

    Listing office North Iowa Real Estate 218 1st St SW Ste. B, Clarion, IA

    Listing date Mar 3, 2026

    MLS# 6336004

    Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office and Warehouse Facility Clarion

    This 14,720 square foot office and warehouse facility is available for sale or lease. Located just off Hwy 3 on the west side of Clarion, the property includes two vacant lots providing an additional 22,968 square feet for parking or building space. The entire building is equipped with HVAC. The warehouse component comprises 11,685 square feet and features 12/12 and 10x10 overhead doors. The office space measures 3,035 square feet, complemented by 1,584 square feet of mezzanine space also utilized for offices. A sprinkler system is in place but is currently turned off. A new Durolast roof with a 20-year warranty and gutters were installed in 2024. The property is situated on a 0.35-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Team Effort Inc Warehouse & Storage

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Clarion
    County
    Wright
    State
    Iowa
    Longitude
    -93.744679
    Latitude
    42.730992

    Nearby Similar for Sale

    • $215,000

      Commercial Property on Highway 3

      Two buildings on a lot with highway frontage.
      1412 Central Avenue W, Clarion, IA 50525
      View Details
    • $109,000

      Well-Equipped Office Building For Sale

      Office building featuring multiple offices, conference room, and accessible entrances.
      210 1St SW Street, Clarion, IA 50525
      View Details
    • $295,000
      2,400 SF

      Well-Maintained Commercial Property For Sale

      Commercial property with recent updates and additional income potential.
      310 Central Ave E, Clarion, IA 50525
      View Details

    FAQs

    What type of property is this?
    Flex space - 14,720 SF office and warehouse facility for sale/lease.
    Where is this flex space located?
    The property is located at 120 9Th Street SW Clarion, IA.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: 14,720 sq ft office and warehouse facility suitable for sale or lease.; **New Durolast roof installed in 2024 with a 20‑year warranty.**; Includes 11,685 sq ft of warehouse space with HVAC and overhead doors.
    (515) 532-3917
    We can help!
    Listing Contact
    Rodney Brooks
    Real Estate License ID: ***
    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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