Medical Office Expansion
119 Ave O W Fort Dodge, IA 50501
For Sale
$1,600,000
COMMERCIAL - Fort Dodge, IA
Property Size4,500 SF
Lot Size0.84 Acres
Price / SF$355.56
Days on Market48
Property Features for 119 Ave O W
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking
- 60
- Standard status
- Active
- Lot size
- 0.84 Acres
Taxes and HOA fees
- Tax Annual Amount
- 19172
Building Details
- Floors in Building
- 1
Listing Agency:
Kesterson Realty Inc
(515) 955-7714
Listed By:
Stephanie Bishop
(515) 227-8627
Added: Jun 8
Last Checked: Jul 25 at 12:06PM
MLS# 29988
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.
Investment Insights
Based on property information with market context.
This expansion commercial building is designed for medical and professional use, with a primary suite that includes 10 exam rooms. The layout supports multiple patient-care functions within a dedicated clinic setting, making it well-suited for healthcare providers, dental practices, specialty clinics, or wellness-oriented businesses.
The property is located in Fort Dodge and is positioned near major community destinations, including a hospital, Iowa Central Community College, and a large retirement community. The building is also adjacent to McDonald’s, providing a retail-oriented neighbor in the immediate area.
For tenants considering medical or service-based operations, the exam-room configuration can help streamline scheduling and workflow across multiple care stations. For buyers or operators evaluating an acquisition for professional use, the facility’s clinic-focused design and room count offer a clear foundation for a variety of healthcare-adjacent businesses seeking an established medical office environment.
The property is located in Fort Dodge and is positioned near major community destinations, including a hospital, Iowa Central Community College, and a large retirement community. The building is also adjacent to McDonald’s, providing a retail-oriented neighbor in the immediate area.
For tenants considering medical or service-based operations, the exam-room configuration can help streamline scheduling and workflow across multiple care stations. For buyers or operators evaluating an acquisition for professional use, the facility’s clinic-focused design and room count offer a clear foundation for a variety of healthcare-adjacent businesses seeking an established medical office environment.
Key Highlights
- Expansion commercial property offered at $1,600,000 or available for lease (4,500 SF available).
- Medical/professional‑ready layout with 10 exam rooms in the primary suite.
- Suitable for healthcare, dental, specialty clinics, or wellness practices based on the exam‑room design.
Financial Insights For Healthcare Medical
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 | $98.8k | $21.96 |
| − Vacancy | −$16.6k | −$3.69 |
| EGI | $82.2k | $18.27 |
| − OpEx | −$32.9k | −$7.31 |
| NOI | $49.3k | $10.96 |
4,500 SF · lease $21.96/SF/yr · vacancy 16.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$704.7K
$616.6K – $822.2K
NOI $49,331 @ 7.0% cap · market cap 3.08%
Second Best
Office B
$593.0K
$518.9K – $691.9K
NOI $41,513 @ 7.0% cap · market cap 2.59%
Theoretical Best
Office A
$810.9K
$709.6K – $946.1K
NOI $56,765 @ 7.0% cap · market cap 3.55%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Alan Nguyen, DO
Pediatrician
John Birkett, MD
Pediatrician
MercyOne Fort Dodge ...
Medical Clinic
Van Diest Family ...
Medical Clinic
Tricia Widlund
Physician
Similar Off Market Nearby
- Delzell Tiffany — 115 ave o w, fort dodge, ia 50501
- Wilson Misty — 115 ave o w, fort dodge, ia 50501
FAQs
What type of property is this?
Medical Office Space - Medical and professional suite with 10 exam rooms suited for healthcare, dental, specialty clinics, or wellness uses.
Where is this medical office space located?
The property is located at 119 Ave O W Fort Dodge, IA.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Expansion commercial property offered at $1,600,000 or available for lease (4,500 SF available).; Medical/professional‑ready layout with 10 exam rooms in the primary suite.; Suitable for healthcare, dental, specialty clinics, or wellness practices based on the exam‑room design.
