Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Versatile Commercial Building in Ogden, IA Title is generated by Realmo AI

    125 W Walnut Street, Ogden, IA 50212

    View on Map
    Claim this Listing
    For Sale
    $185,000

    COMMERCIAL - Ogden, IA

    Property size:
    5,365 SF
    Lot size:
    0.15 Acres
    Price / SF:
    $34/SF
    Added:
    Apr 8, 2026
    Days on Market:
    39
    Last Refresh:
    May 16 at 4:06 am

    Property Features for 125 W Walnut Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Commercial
    Standard status
    Active
    APN
    088427314187069
    Size
    5,365 SF
    Lot size
    0.15 Acres

    Taxes and HOA fees

    Tax Description
    W 50' OF LOT 3 B 42 NE SE
    Tax Annual Amount
    1164

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    1910
    Floors in Building
    1
    Flooring type
    Concrete, Vinyl

    We can help!

    Listing Contact
    Dori Burma

    Listing agent Dori Burma License #S5744658

    Listing office iHome Realty 619 Story St., Boone, IA

    Listing date Apr 8, 2026

    MLS# 69833

    Copyright © 2026 Central Iowa Board of Realtors, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Leased to an established Medical Practice, providing immediate income.
    • Prime Main Street location in Ogden, Iowa.
    • Versatile 5,365 sq ft commercial building suitable for various business types.
    • Divided into two separate sections, allowing for owner occupancy and rental income.
    • Extensive updates including new wiring (2018) and updated plumbing.
    • Features a lobby/reception area, 6 exam rooms, kitchen, back office, storage, and overhead door.

    Overview

    This 5,365-square-foot commercial building in Ogden, Iowa, presents a versatile investment opportunity. Currently leased by an established medical practice, the property is divided into two separate sections, offering flexibility for various business operations. The front portion is equipped for client-facing activities, featuring a lobby and reception area, two bathrooms, six exam rooms suitable for vendor suites or private offices, a kitchen, a designated back office, and ample storage. The rear section provides additional functionality with an overhead door for easy access and a three-quarter bathroom, making it ideal for workshop space, storage, or light industrial use. Located on Main Street, the property is suited for entrepreneurs, investors, or those looking to establish a business. The building has undergone extensive updates, including new wiring in 2018 and completely updated plumbing. This space can adapt to various needs, including retail storefronts, office spaces, studios, auto-related businesses, or creative venues for music or events. The property's commercial zoning and prime location enhance its potential for a range of business ventures.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Walnut Street Health ... Medical Clinic Allergy Institute PC Medical Clinic Angela Christner Physician Made To Gaze (Bike/Boat/Book/etc) Store

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Ogden
    County
    Boone
    State
    Iowa
    Longitude
    -94.026894
    Latitude
    42.039364

    Nearby Similar for Sale

    • $465,000
      252,212 SF

      Established Greenhouse Business Opportunity

      Turn-key greenhouse business with a strong customer base.
      991 222nd Drive, Ogden, IA 50212
      View Details
    • $89,000
      1,760 SF

      Ogden Professional Office Space

      Move-in ready office space in a prime Ogden location.
      214 W Walnut Street, Ogden, IA 50212
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 5,365 SF commercial building with flexible space and updates.
    Where is this medical office space located?
    The property is located at 125 W Walnut Street Ogden, IA.
    What is the asking price?
    The asking price for this property is $185,000.
    What are key features of this property?
    This property features: Leased to an established Medical Practice, providing immediate income.; Prime Main Street location in Ogden, Iowa.; Versatile 5,365 sq ft commercial building suitable for various business types.
    (515) 432-2353
    We can help!
    Listing Contact
    Dori Burma
    Real Estate License ID: S5744658
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    125 W Walnut Street, Ogden, IA 50212
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!