Freestanding Medical Office
For Sale
Contact for pricing
1420 4th Street SE, Mason City, IA 50401
Flexible healthcare-oriented layout with treatment rooms, private offices, reception space, and substantial plumbing infrastructure.
Property Size5,336 SF
Lot Size1.23 Acres
Price / SF$154.52
Days on Market67
Property Features for 1420 4th Street SE
General Information
Standard status
Active
Size
5,336 SF
Total Parking Spaces
60
Lot size
1.23 Acres
Property subtype
Office
Zoning
Commercial - Z2
Additional Details
Road Access
Yes
Building Details
Year Built
1955
Year Renovated
2017
Buildings
1
Building Size
5,336 SF
Listing Agency:
Cushman & Wakefield Iowa Commercial Advisors
Listed By:
Brandon Fitz · License #S69344000
(515) 226-8016
Source:
Crexi
Added: Aug 10
Changed: Oct 2
Last Checked: Oct 15 at 12:01AM
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 Cushman & Wakefield Iowa Commercial Advisors
Investment Insights
Based on property information with market context.
This freestanding medical office building contains 5,336 SF on a ±1.23-acre site and was constructed in 1955. The interior includes exam and treatment rooms, private offices, and a reception area, along with extensive plumbing that supports healthcare or wellness-related occupancy. The existing configuration can also accommodate professional office use with limited interior reworking.
Approximately 23,000 SF of on-site parking serves the property. Positioned along the 4th Street SE corridor in Mason City, the building carries Commercial - Z2 zoning and offers a flexible footprint for medical, wellness, or professional office users.
Approximately 23,000 SF of on-site parking serves the property. Positioned along the 4th Street SE corridor in Mason City, the building carries Commercial - Z2 zoning and offers a flexible footprint for medical, wellness, or professional office users.
Key Highlights
- 5,336 SF freestanding building on a ±1.23‑acre site
- Exam and treatment rooms, private offices, and reception area
- Extensive plumbing infrastructure remains in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,791
Cap Rate
8.34%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,820
$1.4M
Cap Rate 7%
$982,729
$982.7K
Cap Rate 9%
$764,344
$764.3K
Market Conditions
NOI Build-Up for 5,336 SF
Gross rent
$110.8K $20.76/SF
− Vacancy
−$19.1K −$3.57/SF
EGI
$91.7K $17.19/SF
− OpEx
−$22.9K −$4.30/SF
NOI
$68.8K $12.89/SF
Area
Cerro Gordo County, IA
Vacancy
17.20%
Lease Rate
$20.76 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,375,820
Cap Rate 7%
$982,729
Cap Rate 9%
$764,344
Alternative Uses
Best Use
Office B
$982.7K
$859.9K – $1.15M
NOI $68,791 @ 7.0% cap · market cap 8.34%
Second Best
Healthcare Medical
$492.0K
$430.5K – $574.1K
NOI $34,443 @ 7.0% cap · market cap 4.18%
Theoretical Best
Office A
$1.34M
$1.17M – $1.56M
NOI $93,763 @ 7.0% cap · market cap 11.37%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
235
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50401, IA
28,981
Population
14,746
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
148.2 sq mi
ZIP Area
196
Density / Sq Mi
$63,807
Median Household Income
$38,929
Median Earnings
$868
Median Rent
$134,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Brookview Animal Health Center — 1453 4th St SE B, Mason City, IA 50401
- Brookview Animal Health Center: Oppermann Rachel DVM — 1453 4th St SE B, Mason City, IA 50401
Frequently Asked Questions
What type of property is this?
Medical Office Space - Flexible healthcare-oriented layout with treatment rooms, private offices, reception space, and substantial plumbing infrastructure.
Where is this medical office space located?
The property is located at 1420 4th Street SE Mason City, IA.
What is the asking price?
The asking price for this property is $824,500.
What are key features of this property?
This property features: 5,336 SF freestanding building on a ±1.23‑acre site; Exam and treatment rooms, private offices, and reception area; Extensive plumbing infrastructure remains in place
