Quality Built Office
806-808 1st Avenue South Fort Dodge, IA 50501
Office building featuring reception, private offices, and full basement.
Type:Commercial/Industrial
Property size:
2,276 SFLot size:
0.31 AcresPrice / SF:
$166/SF- Added:
- Jun 21, 2024
- Days on Market:
- 749
- Last Refresh:
- Jul 4 at 11:46 pm
Property Features for 806-808 1st Avenue South
General Information
- Standard status
- Active
- Size
- 2,276 SF
- Lot size
- 0.31 Acres
- Property subtype
- Commercial/Industrial
Listing office Kesterson Realty Inc (515) 570-0672
Listing date Jun 21, 2024
Source Exitrealty
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
Investment Insights
Based on property information with market context.
This office building features a front office reception area with built-in furniture that will remain with the property. The layout includes four private offices, a conference room, a waiting area, and storage areas. Restroom facilities are available for both men and women. The property also includes a full basement. The building is described as quality built. The property size is 2276 square feet.
Key Highlights
- Four private offices offer dedicated workspace
- Conference room for meetings and presentations
- Full basement provides ample storage space
Local Financial Insights For Office B
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 | $34.1k | $15.00 |
| − Vacancy | −$6.1k | −$2.70 |
| EGI | $28.0k | $12.30 |
| − OpEx | −$7.0k | −$3.08 |
| NOI | $21.0k | $9.23 |
2,276 SF · lease $15.00/SF/yr · vacancy 18.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$299.9K
$262.5K – $349.9K
NOI $20,996 @ 7.0% cap · market cap 5.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$410.1K
$358.9K – $478.5K
NOI $28,710 @ 7.0% cap · market cap 7.58%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Office building featuring reception, private offices, and full basement.
Where is this office building located?
The property is located at 806-808 1st Avenue South Fort Dodge, IA.
What is the asking price?
The asking price for this property is $379,000.
What are key features of this property?
This property features: Four private offices offer dedicated workspace; Conference room for meetings and presentations; Full basement provides ample storage space
