Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2037 12th NE Mason City, IA 50401

    View on Map
    Claim this Listing
    For Sale
    $479,770

    FARM ACREAGE, 1 Story,Ranch - MASON CITY, IA

    Type:Farm
    Property size:
    3,892 SF
    Lot size:
    3.42 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    48
    Last Refresh:
    Apr 19 at 7:06 am

    Property Features for 2037 12th NE

    General Information

    Property type
    Farm
    Property subtype
    Farm
    Zoning
    Z2 - Sub-Urban District
    Bedrooms
    4
    Bathrooms
    3
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Dining Room, Family Room, Kitchen, Living Room, Utility Room
    Parking
    5
    Parking features
    Heated, Workshop
    Patio and Porch features
    Patio, Deck
    Interior features
    Master Bath, Separate Shower, Shower, Tub, Built-ins, Cedar Closet, Ceiling Fans, Natural Wood, Open Staircase, Smoke Alarms, Wet Bar
    Exterior features
    Patio, Deck
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Garbage Disposer, Microwave, Range, Range - Gas, Refrigerator, Washer, Water - Softener
    Standard status
    Active
    APN
    070242601400
    Size
    3,892 SF
    Lot size
    3.42 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    5606

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1994
    Floors in Building
    1
    Flooring type
    Carpet, Vinyl
    Building materials
    Frame, Vinyl Siding
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    DODIE WILKINS
    DODIE WILKINS

    Listing agent DODIE WILKINS

    Listing office CENTURY 21 PREFERRED 2800 4th SW, Mason City, IA

    Listing date Mar 2, 2026

    MLS# 260118 Listing URL

    Copyright © 2026 Greater Mason City 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.

    Overview

    Picturesque Acreage with Spacious Home

    This property features a four-bedroom home situated on 3.42 acres. The residence offers approximately 3,900 square feet of living space. The home has an open floor plan, vaulted ceilings, and a fireplace. A four-season room and screened gazebo provide year-round enjoyment. Additionally, there is a 32x28 shop suitable for projects, equipment, or extra storage. The property is located north of Asbury, offering a blend of country living and in-town convenience. The zoning is Z2 - Sub-Urban District. The property is located in Mason City, Iowa.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Farms

    Suggested Use

    Restaurant Law Firm Building Supply Dental Office Big Box & Wholesale Store Nail Salon Gym & Fitness Center Food Market Storage Facility Grocery & Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.16334
    Latitude
    43.160206

    Nearby Similar for Sale

    • $450,000
      6,634 SF

      Mason City Office Building For Sale

      Spacious office building near Mercy Hospital with subdivision potential.
      1408 & 1410 6th SW, MASON CITY, IA 50401
      View Details
    • $800,000

      Historic Mason City Commercial Building

      Three-story commercial building with leasable space and recent upgrades.
      122-124 N Federal Avenue, Mason City, IA 50401
      View Details
    • $800,000
      16,665 SF

      Historic Mason City Office Building

      Three-story, 16,665 SF office building in Mason City, Iowa.
      122-124 N Federal, MASON CITY, IA 50401
      View Details
    • $350,000
      3,700 SF

      Mason City Office Investment Opportunity

      Office property with two units, one leased, private parking.
      2013 4th SW, MASON CITY, IA 50401
      View Details
    • $337,000

      Mason City Restaurant Opportunity

      Two-story restaurant building with equipment in Mason City, Iowa.
      125 1st SE, MASON CITY, IA 50401
      View Details
    • $1,200,000
      5,858 SF

      Remodeled Restaurant Building For Sale

      Leased restaurant building in prime location with modern updates.
      2960 4th SW, MASON CITY, IA 50401
      View Details
    • $399,825

      Versatile Commercial Property in Mason City

      Spacious commercial property with office, heated buildings, and loading docks.
      708-712 S Jefferson, Mason City, IA 50401
      View Details
    • $399,825
      8,520 SF

      Spacious Industrial Property on 2+ Acres

      8,500 SF commercial property on 2.17 acres in Mason City.
      708 - 712 S Jefferson, MASON CITY, IA 50401
      View Details
    • $318,000
      6,000 SF

      Retail and Warehouse Space Available

      Retail and warehouse space in a high-traffic location.
      21-23 5th SW, MASON CITY, IA 50401
      View Details
    • $435,000
      5,751 SF

      Mason City Commercial Building For Sale

      Former equipment dealership on 1.27 acres in high-traffic location.
      4499 4th SW, MASON CITY, IA 50401
      View Details
    • $1,500
      1,291 SF

      Prime Downtown Mason City Office

      First-class office space in the heart of downtown Mason City.
      202 1st SE #112, MASON CITY, IA 50401
      View Details
    • $350,000
      8,016 SF

      Highway 65 Commercial Property

      Commercial property on 2.14 acres with highway frontage.
      3709 S Federal, MASON CITY, IA 50401
      View Details

    FAQs

    What type of property is this?
    Farm - Four-bedroom home on 3.42 acres near Asbury.
    Where is this farm located?
    The property is located at 2037 12th NE Mason City, IA.
    What is the asking price?
    The asking price for this property is $479,770.
    What are key features of this property?
    This property features: Nearly **3,900 sq ft of living space with 4 bedrooms.**; Separate **32x28 shop** with a $5,000 roof allowance.; Picturesque acreage setting with in‑town convenience.
    (641) 425-9852
    We can help!
    Listing Contact
    DODIE WILKINS
    DODIE WILKINS
    Real Estate License ID: ***
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!