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

    7 1St Ave S Fort Dodge, IA 50501

    View on Map
    Sponsored
    Picture of Commercial land at 1St Ave S 7, Fort Dodge, IA
    For Sale
    $760,000

    LAND - Fort Dodge, IA

    Lot size:
    12.51 Acres
    Days on Market:
    224
    Last Refresh:
    Mar 15 at 9:06 pm

    Property Features for 7 1St Ave S

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    Commercial
    Lot size
    12.51 Acres

    Utilities

    Utilities
    Natural Gas Available

    We can help!

    Listing Contact
    Jim Kesterson

    Kesterson Realty Inc (515) 955-7714

    Listing agent Jim Kesterson (515) 570-0672

    Listing date Aug 4, 2025

    MLS# 23056

    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 Lot in Fort Dodge

    This commercial land, identified as Lot 7, is available for sale in Fort Dodge, Iowa. The property is zoned for commercial use and encompasses 12.51 acres. It is located on 1st Ave S in Fort Dodge.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Fort Dodge
    County
    Webster
    State
    Iowa
    Longitude
    -94.194854
    Latitude
    42.502742

    Nearby Similar for Sale

    • New
      $314,900
      3,250 SF

      Income-Producing 6-Plex Near Downtown

      Spacious 6-plex with high occupancy and additional expansion lot.
      306 Haskell St, Fort Dodge, IA 50501
      View Details
    • $250,000
      0.13 Acres

      High-Visibility Commercial Property in Iowa

      Established commercial property with high visibility in Fort Dodge, Iowa.
      4 N 15Th St, Fort Dodge, IA 50501
      View Details
    • $49,900
      Pending

      Historic Mixed-Use Building in Iowa

      Four-story commercial building with redevelopment potential in Fort Dodge.
      8 S 18Th St, Fort Dodge, IA 50501
      View Details
    • $349,500
      14,700 SF

      Versatile Commercial Building, Fort Dodge

      14,700 SF commercial building suitable for warehousing and distribution.
      131 Central Ave, Fort Dodge, IA 50501
      View Details
    • $440,000
      Pending

      Fort Dodge Multifamily Investment

      Ten-unit brick building in Fort Dodge, Iowa, for sale.
      319 N 11Th St, Fort Dodge, IA 50501
      View Details
    • $289,900
      Pending

      Versatile Commercial Property in Fort Dodge

      Commercial property with two buildings on over 1.2 acres.
      2110 4Th Ave S, Fort Dodge, IA 50501
      View Details
    • $1,080,000
      15,152 SF

      Fort Dodge Multifamily Investment Property

      26-unit multifamily property in Fort Dodge, Iowa, for sale.
      131 N 8Th St, Fort Dodge, IA 50501
      View Details
    • $129,000
      3,724 SF

      Fort Dodge Commercial Body Shop

      3,724 SF body shop with office and storage.
      20 S 4Th St, Fort Dodge, IA 50501
      View Details
    • $289,900
      3,016 SF

      Fort Dodge Four-Unit Building

      Well-maintained four-unit building with remodeled kitchens and garage parking.
      1454 N 31St St, Fort Dodge, IA 50501
      View Details
    • $699,000
      6,575 SF

      Central Avenue Commercial Property

      Commercial property on Central Avenue suitable for various businesses.
      1426 Central Ave, Fort Dodge, IA 50501
      View Details
    • $599,000
      11,888 SF

      Prime Commercial Property in Iowa

      Flourishing corridor location with office, shop, and warehouse space.
      508 South 32Nd St, Fort Dodge, IA 50501
      View Details
    • $499,000
      6,088 SF

      Exceptional Quality Two-Story Office Building

      Two-story office building with deed restrictions.
      625 L St, Fort Dodge, IA 50501
      View Details

    FAQs

    What type of property is this?
    Commercial land - Commercial land available in Fort Dodge, Iowa.
    Where is this commercial land located?
    The property is located at 7 1St Ave S Fort Dodge, IA.
    What is the asking price?
    The asking price for this property is $760,000.
    What are key features of this property?
    This property features: - Commercial lot ready for your business venture.; - This is Lot 7.; - Natural gas available.
    (515) 570-0672
    Request Owner's contact information
    7 1St Ave S Fort Dodge, IA 50501
    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.
    7 1St Ave S
    Fort Dodge, IA 50501
    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
    7 1St Ave S Fort Dodge, IA 50501
    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

    We can help!
    Listing Contact
    Jim Kesterson
    Real Estate License ID: B11960
    (515) 570-0672 (515) 955-7714
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!