Leased Office Suite with
413 E Main St Central City, IA 52214
For Sale
Contact for pricing
Office suite with reception, private rooms, restroom, basement storage, and large retail windows, currently leased through January 2028.
Property Size890 SF
Price / SF$89.89
Days on Market565
Property Features for 413 E Main St
General Information
Standard status
Active
Size
890 SF
Property subtype
OFFICE
Listing Agency:
GLD Commercial
(319) 731-3409
Listed By:
Angie Glick
Source:
Moodyscre
Added: Jan 10, 2025
Changed: Jul 25
Last Checked: Jul 25 at 11:33PM
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 GLD Commercial
Investment Insights
Based on property information with market context.
This office suite is currently occupied and leased to a photography business through January 2028, with renewal options. The building has been updated with new flooring, fresh interior and exterior paint, and the roof was patched and sealed in May 2025. Inside, the space features large retail windows, a reception area, two private rooms, and one restroom, along with a back patio area. A dry basement is available for additional storage.
The property is located in the heart of Central City’s historic district with easy access to Hwy 13.
The suite is configured to support a customer-facing entry with a dedicated reception area, private offices, and on-site storage in the basement.
The property is located in the heart of Central City’s historic district with easy access to Hwy 13.
The suite is configured to support a customer-facing entry with a dedicated reception area, private offices, and on-site storage in the basement.
Key Highlights
- Currently leased to a photography business through January 2028 with renewal options
- Recent updates include new flooring (new carpet) and fresh exterior and interior paint
- Roof patched and sealed in May 2025
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 | $7.5k | $8.40 |
| − Vacancy | −$1.8k | −$2.03 |
| EGI | $5.7k | $6.37 |
| − OpEx | −$1.4k | −$1.59 |
| NOI | $4.3k | $4.78 |
890 SF · lease $8.40/SF/yr · vacancy 24.20% · expense 25.00%
Alternative Uses
Best Use
Office B
$60.7K
$53.1K – $70.8K
NOI $4,250 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Self Storage
$149.8K
$131.1K – $174.8K
NOI $10,485 @ 7.0% cap · market cap 13.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Office units - Office suite with reception, private rooms, restroom, basement storage, and large retail windows, currently leased through January 2028.
Where is this office units located?
The property is located at 413 E Main St Central City, IA.
What is the asking price?
The asking price for this property is $80,000.
What are key features of this property?
This property features: Currently leased to a photography business through January 2028 with renewal options; Recent updates include new flooring (new carpet) and fresh exterior and interior paint; Roof patched and sealed in May 2025
