Medical Office Property with Exam Rooms

For Sale

$1,600,000

119 Avenue O W, Fort Dodge, IA 50501

Configured for healthcare, dental, specialty clinic, wellness, professional, and service-oriented operations.

Property Size11,250 SF

Price / SF$142.22

Days on Market138

Property Features for 119 Avenue O W

General Information

Standard status Active

Size 11,250 SF

Additional Details

Asking Price $1,600,000

Taxes and HOA fees

Annual Taxes $17,412

Building Details

Buildings 1

Listing Agency: Kesterson Realty Inc

Listed By: Stephanie Bishop · License #S63299

Source: Exprealty

Added: Jun 8 Changed: Oct 21 Last Checked: Oct 20 at 8:55PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Kesterson Realty Inc

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

Investment Insights

Based on property information with market context.

This 11,250-square-foot medical office property includes a primary suite with 10 exam rooms. The configuration is suited to healthcare providers, dental practices, specialty clinics, and wellness operations, while also accommodating professional and service-based businesses. An additional 4,500 square feet is identified as available for lease.

The property is located at 119 Avenue O W in Fort Dodge, Iowa. It is adjacent to McDonalds and near a hospital, Iowa Central Community College, and a large retirement community. The surrounding institutional and community-oriented setting supports the property's medical-office positioning.

Key Highlights

11,250‑square‑foot medical office property
Primary suite includes 10 exam rooms
4,500 sq ft available for lease

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$123,327

Cap Rate

7.71%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,466,540 $2.5M

Cap Rate 7%

$1,761,814 $1.8M

Cap Rate 9%

$1,370,300 $1.4M

Market Conditions

NOI Build-Up for 11,250 SF

Gross rent

$247.1K $21.96/SF

− Vacancy

−$41.5K −$3.69/SF

EGI

$205.5K $18.27/SF

− OpEx

−$82.2K −$7.31/SF

NOI

$123.3K $10.96/SF

Area

Webster County, IA

Vacancy

16.80%

Lease Rate

$21.96 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,466,540

Cap Rate 7%

$1,761,814

Cap Rate 9%

$1,370,300

Alternative Uses

Best Use

Healthcare Medical

$1.76M

$1.54M – $2.06M (±1% cap)

NOI $123,327 @ 7.0% cap · market cap 7.71%

Second Best

Office B

$1.48M

$1.30M – $1.73M (±1% cap)

NOI $103,781 @ 7.0% cap · market cap 6.49%

Theoretical Best

Office A

$2.03M

$1.77M – $2.37M (±1% cap)

NOI $141,912 @ 7.0% cap · market cap 8.87%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Alan Nguyen, DO Pediatrician John Birkett, MD Pediatrician MercyOne Fort Dodge ... Medical Clinic Van Diest Family ... Medical Clinic Tricia Widlund Physician