Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Mason City Flex/Industrial Suites Title is generated by Realmo AI

    2505 S Federal Suite 4, Mason City, IA 50401

    View on Map
    Claim this Listing
    For Sale
    $175,000

    Shop, INDUSTRIAL - MASON CITY, IA

    Type:Industrial
    Added:
    Jul 1, 2024
    Days on Market:
    682
    Last Refresh:
    May 13 at 10:06 am

    Property Features for 2505 S Federal Suite 4

    General Information

    Property type
    Commercial Sale
    Property subtype
    Industrial
    Zoning
    Z4 - Multi-Use District
    Standard status
    Active

    Utilities

    Cooling system
    None (Cooling)

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    ZELDA ELWOOD

    Listing agent ZELDA ELWOOD

    Listing office EXIT REALTY MASON CITY 2401 S FEDERAL, Mason City, IA

    Listing date Jul 1, 2024

    MLS# 240440 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.

    HighLights

    • Customizable 30 X 50 "vanilla box" unit allows for personalized design and use.
    • Each unit has a 200 amp electrical panel, 6 lights, and 6 outlets.
    • Features a 14' garage door and a walk‑in door.
    • High insulation value (R50, 14‑16") for temperature control.
    • Limited availability: only 4 out of 6 suites remain.
    • Potential for creating a unique space for hobbies, storage, or entertainment.

    Overview

    These 30 X 50 vanilla box units offer versatile space for various uses. Conceptual pictures illustrate potential build-outs, including options for a hot tub, full kitchen, bar, or car lift. The units are suitable for creative personalization, such as a space to wax boats and watch TV in air-conditioned comfort. Each unit features a 200 amp electrical panel, six lights, six outlets, a 14' garage door, a walk-in door, and R50 value insulation ranging from 14 to 16 inches. There are four suites available out of a total of six.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    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
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.199732
    Latitude
    43.12763

    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
    • $319,000
      10,310 SF

      Downtown Restaurant with Remodeled Bar

      Two-story restaurant/bar with remodel, blank canvas upstairs.
      30 E State St, 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
    • $1.00

      Mason City Warehouse with Office

      26690 SF warehouse with office space and loading docks.
      22 10th 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
    • $170,000
      4,536 SF

      Brick Duplex with Income Potential

      Classic duplex in Mason City with strong income potential.
      25-27 6th Street NW, Mason City, IA 50401
      View Details

    FAQs

    What type of property is this?
    Flex space - Vanilla box units with endless possibilities in Mason City, IA.
    Where is this flex space located?
    The property is located at 2505 S Federal Suite 4 Mason City, IA.
    What is the asking price?
    The asking price for this property is $175,000.
    What are key features of this property?
    This property features: Customizable 30 X 50 "vanilla box" unit allows for personalized design and use.; Each unit has a 200 amp electrical panel, 6 lights, and 6 outlets.; Features a 14' garage door and a walk‑in door.
    (641) 424-3005
    We can help!
    Listing Contact
    ZELDA ELWOOD
    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

    Thank You for Inquiry
    2505 S Federal, Suite 4, MASON CITY, IA 50401
    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!