Three-Suite Retail
1426 Central Avenue, Fort Dodge, IA 50501
For Sale
$699,000
Commercial Sale, Fort Dodge, IA
Property Size5,575 SF
Lot Size0.44 Acres
Price / SF$125.38
Days on Market1955
Property Features for 1426 Central Avenue
General Information
Property type
Property subtype
Subdivision
Standard status
Lot size
Taxes and HOA fees
Tax Annual Amount
Building Details
Floors in Building
Listing Agency:
Kesterson Realty Inc
(515) 955-7714
Listed By:
Jim Kesterson · License IA B11960
(515) 570-0672
Added: Jul 8, 2021
Changed: Nov 13
Last Checked: Nov 13 at 11:06PM
MLS# 21568
Copyright © 2026 Fort Dodge Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This retail property at 1426 Central Avenue in Fort Dodge is offered for sale or lease. It contains three areas: Unit A measures 1,360 SF, Unit B measures 2,200 SF, and Unit C measures 2,015 SF. The areas can be adjusted in size.
Key Highlights
- Three areas are available within the retail property
- Unit A: 34X40, 1360 SF
- Unit B: 55X40, 2200 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,873
Cap Rate
8.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,460
$1.2M
Cap Rate 7%
$826,757
$826.8K
Cap Rate 9%
$643,033
$643.0K
Market Conditions
NOI Build-Up for 5,575 SF
Gross rent
$86.3K $15.48/SF
− Vacancy
−$3.6K −$0.65/SF
EGI
$82.7K $14.83/SF
− OpEx
−$24.8K −$4.45/SF
NOI
$57.9K $10.38/SF
Area
Webster County, IA
Vacancy
4.20%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,157,460
Cap Rate 7%
$826,757
Cap Rate 9%
$643,033
Alternative Uses
Best Use
Retail
$826.8K
$723.4K – $964.6K
NOI $57,873 @ 7.0% cap · market cap 8.28%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.00M
$879.1K – $1.17M
NOI $70,325 @ 7.0% cap · market cap 10.06%
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
Lease Details
3
Office units
Location Intelligence
Trade Area within ½ mile
1,215
Businesses Nearby
Explore this area
Business Placement
Demographics for 50501, IA
28,492
Population
13,198
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
92%
High-School Grad
152.2 sq mi
ZIP Area
187
Density / Sq Mi
$66,130
Median Household Income
$36,934
Median Earnings
$779
Median Rent
$139,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Three identified areas can be resized to accommodate changing space requirements.
Where is this retail space located?
The property is located at 1426 Central Avenue Fort Dodge, IA.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Three areas are available within the retail property; Unit A: 34X40, 1360 SF; Unit B: 55X40, 2200 SF
