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    Versatile Commercial Property in Mason City Title is generated by Realmo AI

    708-712 S Jefferson, Mason City, IA 50401

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    For Sale
    $399,825

    COMMERCIAL - Mason City, IA

    Property size:
    8,500 SF
    Lot size:
    2.17 Acres
    Price / SF:
    $47/SF
    Added:
    Aug 22, 2025
    Days on Market:
    260
    Last Refresh:
    May 8 at 7:06 pm

    Property Features for 708-712 S Jefferson

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    070945200500
    Size
    8,500 SF
    Lot size
    2.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    L 4 BELL STREET SUB 9 Parcels
    Tax Annual Amount
    3886

    Utilities

    Cooling system
    Window Unit(s)
    Water source
    Public

    Building Details

    Year built
    1946
    Number of units
    3
    Building materials
    Block

    We can help!

    Listing Contact
    Dodie Wilkins
    Dodie Wilkins

    Listing agent Dodie Wilkins License #***

    Listing office Century 21 Preferred 2800 4th SW Ste 3, Mason City, IA

    Listing date Aug 22, 2025

    MLS# 6331150

    Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • 8,500 square feet of commercial space on 2.17 acres.
    • Multiple loading docks (5 on east side, 4 on west of 708 S Jefferson).
    • Heated buildings with office and bath in 712 S Jefferson.
    • Two buildings with updated overhead doors.
    • Existing month‑to‑month leases providing income ($700/month and $525/month).
    • Versatile space suitable for business equipment, recreation vehicles, or storage.

    Overview

    This commercial property in Mason City, IA, presents a terrific opportunity with over 8,500 square feet of space on 2.17 acres. The property includes a quality-built, heated building at 712 S Jefferson Blvd, featuring an office and bath. Updated overhead doors are present on two of the buildings. The property also includes 5 loading docks on the east side and 4 on the west side of 708 S Jefferson. The site offers substantial space and flexibility. The roof age is approximately 2008. 708 S Jefferson has a month-to-month lease at $700 per month, and the adjacent yard also has a month-to-month lease at $525.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Midwestern Soybean International — 500 3rd St NE, Mason City, IA 50401
    • North Iowa Regional Commerce Center — 9 N Federal Ave, Mason City, IA 50401
    • Elwoods All Aboard Storage — 519 9th St NW, Mason City, IA 50401
    • Federal U Store It — 1003 N Federal Ave, Mason City, IA 50401
    • North End Storage — Mason City, IA 50401

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.2063223
    Latitude
    43.1446031

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    FAQs

    What type of property is this?
    Warehouse - Spacious commercial property with office, heated buildings, and loading docks.
    Where is this warehouse located?
    The property is located at 708-712 S Jefferson Mason City, IA.
    What is the asking price?
    The asking price for this property is $399,825.
    What are key features of this property?
    This property features: 8,500 square feet of commercial space on 2.17 acres.; Multiple loading docks (5 on east side, 4 on west of 708 S Jefferson).; **Heated buildings with office and bath in 712 S Jefferson.**
    (641) 425-9852
    We can help!
    Listing Contact
    Dodie Wilkins
    Dodie Wilkins
    Real Estate License ID: ***
    Learn More
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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.

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