Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Versatile Commercial Property in Webster Title is generated by Realmo AI

    129 E 2nd Street, Webster City, IA 50595

    View on Map
    Claim this Listing
    For Sale
    $379,000

    COMMERCIAL - Webster City, IA

    Property size:
    10,927 SF
    Lot size:
    1.52 Acres
    Price / SF:
    $34/SF
    Added:
    Dec 11, 2024
    Days on Market:
    531
    Last Refresh:
    May 26 at 10:06 pm

    Property Features for 129 E 2nd Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Parking
    113
    Standard status
    Active
    Size
    10,927 SF
    Lot size
    1.52 Acres

    Taxes and HOA fees

    Tax Annual Amount
    10221

    Building Details

    Floors in Building
    1

    We can help!

    Listing Contact
    Jim Kesterson

    Listing agent Jim Kesterson License #B11960

    Listing office Kesterson Realty Inc 1926 1st Avenue S, Ft. Dodge, IA

    Listing date Dec 11, 2024

    MLS# 25945

    Copyright © 2026 Fort Dodge Board 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.

    HighLights

    • 10,927 sq ft of versatile interior space.
    • Suitable for Auto Service, Retail, Business Service, Manufacturing, Land, Professional /Office, and Warehouse operations.
    • Commercial property suitable for a variety of business ventures.
    • Expansive facility.
    • Ideal for Professional/Office use.
    • Ideal for Warehouse operations.

    Overview

    This commercial property offers 10,927 square feet of interior space, suitable for auto service, retail, business service, manufacturing, land, professional office, and warehouse operations. The property is located in Webster City, Iowa, within Hamilton County. The lot size is 1.52 acres. The property is zoned for commercial use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Webster City
    County
    Hamilton
    State
    Iowa
    Longitude
    -93.8119256
    Latitude
    42.4694807

    Nearby Similar for Sale

    • $224,999

      Updated Office Space For Sale

      Professional office space with modern updates and flexible layout.
      1620 Superior St Suite 2, Webster City, IA 50595
      View Details
    • $8,000

      Wooded Lot in Quiet Neighborhood

      Wooded lot perfect for building a cozy new home.
      1013 Clark Street, Webster City, IA 50595
      View Details
    • $9,900

      Residential Lot with Existing Garage

      Ready-to-build residential lot with garage and tax abatement.
      520 Walnut Street, Webster City, IA 50595
      View Details
    • $850,000
      17,920 SF

      Commercial Building in Webster City

      17,920 SF building with lease income and upside.
      814 Superior Street, Webster City, IA 50595
      View Details
    • $79,900

      Commercial Land in Webster City

      Commercial land available for development in Webster City, Iowa.
      E 2nd St lot: 129, Webster City, IA 50595
      View Details
    • $76,500

      Commercial Parcel on Superior Street

      0.33 acre commercial parcel in Webster City, Iowa.
      1515 Superior Street, Webster City, IA 50595
      View Details
    • $359,900
      5,200 SF

      Retail Space with Drive-Up Window

      Retail space with drive-up, parking, and potential for division.
      909 Willson Avenue, Webster City, IA 50595
      View Details
    • Contact for pricing
      5 SF

      Development Land Near Highway 20

      5.35 acres of development land with highway access.
      600 Fair Meadow Drive, Webster City, IA, 50595
      View Details
    • $134,900

      Webster City Commercial Opportunity

      Corner lot building previously used as service station and dealership.
      801 2nd Street, Webster City, IA 50595-3058
      View Details
    • $275,000
      5,040 SF

      Webster City Office Building

      Single-story office building for sale or lease in Webster City.
      1921 Superior St, Webster City, IA 50595
      View Details

    FAQs

    What type of property is this?
    Warehouse - 10,927 SF commercial property suitable for various business ventures.
    Where is this warehouse located?
    The property is located at 129 E 2nd Street Webster City, IA.
    What is the asking price?
    The asking price for this property is $379,000.
    What are key features of this property?
    This property features: 10,927 sq ft of versatile interior space.; Suitable for Auto Service, Retail, Business Service, Manufacturing, Land, Professional /Office, and Warehouse operations.; Commercial property suitable for a variety of business ventures.
    (515) 570-0672
    We can help!
    Listing Contact
    Jim Kesterson
    Real Estate License ID: B11960
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    129 E 2nd Street, Webster City, IA 50595
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!