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    1545 W 2Nd St Webster City, IA 50595

    Sponsored
    Picture of Auto shops at W 2Nd St 1545, Webster City, IA
    For Sale
    $225,000

    Apartment,Auto Service,Business Service,Industrial,Professional/Office,Warehouse,Other

    Property size:
    4,000 SF
    Lot size:
    0.34 Acres
    Days on Market:
    180
    Last Refresh:
    Feb 2 at 11:06 am

    Property Features for 1545 W 2Nd St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Interior features
    Restroom-private
    Size
    4,000 SF
    Lot size
    0.34 Acres

    Utilities

    Heating system
    Radiant
    Cooling system
    Multi Units, Window Unit(s)

    Building Details

    Floors in Building
    1
    Flooring type
    Carpet, Concrete, Vinyl
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Stacy Wearda
    Stacy Wearda

    Neighborhood Realty (515) 832-3364

    Listing agent Stacy Wearda (515) 832-3364

    Listing date Aug 7, 2025

    MLS# 26383 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Commercial Building with Apartment

    This is a 4000 square foot commercial building for sale, situated in a high-traffic area. The property includes a spacious shop area, with one side featuring a half bathroom suitable for employee use. The other bay is equipped with a car hoist, which is included with the property. Additionally, the building contains a one-bedroom, one-bathroom apartment, offering possibilities for owner occupancy, rental income, or on-site staff housing. The lot size is 0.34 acres. The property is located in Webster City, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Matthew's Drain & Sewer ... Plumber

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon Gym & Fitness

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

    Similar Places Nearby

    Blakes Auto Repair, Marty's Body Repair, Gerber Auto Care, Arkland Tire & Repair, Carstens Auto Body & Customs

    Location Insight

    • Map
    • Local Demand
    City
    Webster City
    County
    Hamilton
    State
    Iowa
    Longitude
    -93.8424326
    Latitude
    42.469694

    Nearby Similar for Sale

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    • $134,900
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      Webster City Commercial Opportunity

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    • $225,000
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      Commercial Building with Apartment

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    • $850,000
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    FAQs

    What type of property is this?
    Auto shop - 4000 sq ft commercial building with apartment for sale.
    Where is this auto shop located?
    The property is located at 1545 W 2Nd St Webster City, IA.
    What is the asking price?
    The asking price for this property is $225,000.
    What are key features of this property?
    This property features: - High traffic location ideal for commercial business.; - 4000 Sq Ft commercial building.; - Includes a one bed, one bath apartment for owner occupancy or rental income.
    (515) 835-1044
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    1545 W 2Nd St Webster City, IA 50595
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    Webster City, IA 50595
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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
    1545 W 2Nd St Webster City, IA 50595
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    We can help!
    Listing Contact
    Stacy Wearda
    Stacy Wearda
    Real Estate License ID: B44605000
    (515) 835-1044
    Learn more
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