402 Indianhead Dr Mason City, IA 50401
COMMERCIAL - MASON CITY, IA
Property Features for 402 Indianhead Dr
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- Z4 - Multi-Use District
- Standard status
- Active
- Size
- 6,148 SF
- Lot size
- 0.99 Acres
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- L1 BLK 2 INDIANHEAD PARK 1
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 2003
- Floors in Building
- 1
- Building materials
- Brick Veneer
- Roof type
- Rubber
- Architectural style
- Other
Listing agent TIMOTHY LATHAM License #B44162 (641) 425-0363
Listing office HILDEBRAND REAL ESTATE 412 S FEDERAL AVE, Mason City, IA (641) 423-5055
Listing date May 26, 2026
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.
Investment Insights
Based on property information with market context.
Key Highlights
- Property features two national tenants: Subway and US Cellular.
- Located on the West side.
- Situated near Indianhead Square retail center, with Walmart and Kohls.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $73.8k | $12.00 |
| − Vacancy | −$5.9k | −$0.96 |
| EGI | $67.9k | $11.04 |
| − OpEx | −$20.4k | −$3.31 |
| NOI | $47.5k | $7.73 |
