1513 HWY 169 N Algona, IA 50511
2,861 SF retail building with drive-thru on 0.75 acres.
Property Features for 1513 HWY 169 N
General Information
- Standard status
- Active
- Size
- 2,861 SF
- Lot size
- 0.75 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1993
Listing office Guthrie & Associates Real Estate
Listing date May 13, 2026
Source Crexi
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Investment Insights
Based on property information with market context.
Key Highlights
- High‑visibility location on Highway 169 N with strong daily traffic counts.
- Drive‑thru lane, suitable for QSR, retail, or service uses.
- Ample parking and excellent ingress/egress.
Local Financial Insights For Specialty Retail
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 | $44.3k | $15.48 |
| − Vacancy | −$1.2k | −$0.40 |
| EGI | $43.1k | $15.08 |
| − OpEx | −$10.8k | −$3.77 |
| NOI | $32.4k | $11.31 |
