10 1st SE Mason City, IA 50401
COMMERCIAL - MASON CITY, IA
Property Features for 10 1st SE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- Size
- 4,554 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- long see agent remarks
- Tax Annual Amount
- 3330
Utilities
- Cooling system
- Central Air
Building Details
- Year built
- 1978
- Floors in Building
- 1
- Building materials
- Block
- 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 Oct 30, 2024
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
- Package deal: Includes 6 parcels with store fronts and potential apartments.
- Prime location: Situated on the plaza, home to the Frank Lloyd Wright Hotel.
- Income potential: Opportunity to start a business or lease spaces to tenants.
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 | $54.6k | $12.00 |
| − Vacancy | −$4.4k | −$0.96 |
| EGI | $50.3k | $11.04 |
| − OpEx | −$15.1k | −$3.31 |
| NOI | $35.2k | $7.73 |
