Updated Flex Space with
For Sale
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1501 S Taft, Mason City, IA 50401
Updated storefront space includes a substantial rear shop area and overhead loading access.
Property Size9,436 SF
Days on Market48
Property Features for 1501 S Taft
General Information
Standard status
Active
Size
9,436 SF
Property subtype
Commercial
Listing Agency:
LEE REALTY
Listed By:
Barry Stecker · License #448
(641) 512-3426
Source:
Janefischer
Added: Sep 6
Changed: Oct 6
Last Checked: Oct 20 at 5:53PM
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 LEE REALTY
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Investment Insights
Based on property information with market context.
Located at 1501 S Taft in Mason City, this 9,436-square-foot flex property combines an updated storefront with a large warehouse or shop area at the rear. The layout offers a front-facing commercial component alongside substantial back-of-house space for storage, production, or related operations.
The property includes 14-foot overhead doors and sits along a corridor reporting more than 6,000 vehicles per day. Its combination of customer-facing space, warehouse capacity, and truck-accessible openings supports a range of commercial business formats.
The property includes 14-foot overhead doors and sits along a corridor reporting more than 6,000 vehicles per day. Its combination of customer-facing space, warehouse capacity, and truck-accessible openings supports a range of commercial business formats.
Key Highlights
- 9,436 SF flex property in Mason City
- Updated storefront paired with a large rear warehouse/shop area
- 14‑foot overhead doors provide substantial loading access
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$53,758
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,160
$1.1M
Cap Rate 7%
$767,971
$768.0K
Cap Rate 9%
$597,311
$597.3K
Market Conditions
NOI Build-Up for 9,436 SF
Gross rent
$94.0K $9.96/SF
− Vacancy
−$11.3K −$1.20/SF
EGI
$82.7K $8.76/SF
− OpEx
−$28.9K −$3.07/SF
NOI
$53.8K $5.70/SF
Area
Cerro Gordo County, IA
Vacancy
12.00%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,075,160
Cap Rate 7%
$767,971
Cap Rate 9%
$597,311
Alternative Uses
Best Use
Warehouse
$948.7K
$830.1K – $1.11M
NOI $66,411 @ 7.0% cap · market cap 6,641,100.00%
Second Best
Industrial
$781.3K
$683.6K – $911.5K
NOI $54,691 @ 7.0% cap · market cap 5,469,100.00%
Theoretical Best
Office A
$2.37M
$2.07M – $2.76M
NOI $165,808 @ 7.0% cap · market cap 16,580,800.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
217
Businesses Nearby
Under-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Hy-Vee Catering — 2400 4th St SW, Mason City, IA 50401
Frequently Asked Questions
What type of property is this?
Flex space - Updated storefront space includes a substantial rear shop area and overhead loading access.
Where is this flex space located?
The property is located at 1501 S Taft Mason City, IA.
What are key features of this property?
This property features: 9,436 SF flex property in Mason City; Updated storefront paired with a large rear warehouse/shop area; 14‑foot overhead doors provide substantial loading access
