Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1960 S Federal Mason City, IA 50401

    View on Map
    Claim this Listing
    For Sale
    $69,900

    VACANT LAND - MASON CITY, IA

    Type:Single Family Residence
    Added:
    Dec 23, 2024
    Days on Market:
    495
    Last Refresh:
    May 2 at 9:06 pm

    Property Features for 1960 S Federal

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Zoning
    Z4 - Multi-Use District
    Standard status
    Active
    APN
    071643000700

    Taxes and HOA fees

    Tax Year
    2023
    Tax Annual Amount
    3304

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    JIM VAITH
    JIM VAITH

    Listing agent JIM VAITH License #B21042000

    Listing office HILDEBRAND REAL ESTATE 412 S FEDERAL AVE, Mason City, IA

    Listing date Dec 23, 2024

    MLS# 240881 Listing URL

    Copyright © 2026 Greater Mason City 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.

    Overview

    Vacant Land in Mason City

    This vacant land is situated in Mason City, Iowa, between a McDonald's restaurant and a convenience store. Any building constructed on the property will be subject to city design standards. The property is located within a Department of Transportation Corridor Control area and is subject to deed restrictions. The zoning is designated as Z4 - Multi-Use District.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.201718
    Latitude
    43.133204

    Nearby Similar for Sale

    • $450,000
      6,634 SF

      Mason City Office Building For Sale

      Spacious office building near Mercy Hospital with subdivision potential.
      1408 & 1410 6th SW, MASON CITY, IA 50401
      View Details
    • $800,000

      Historic Mason City Commercial Building

      Three-story commercial building with leasable space and recent upgrades.
      122-124 N Federal Avenue, Mason City, IA 50401
      View Details
    • $800,000
      16,665 SF

      Historic Mason City Office Building

      Three-story, 16,665 SF office building in Mason City, Iowa.
      122-124 N Federal, MASON CITY, IA 50401
      View Details
    • $350,000
      3,700 SF

      Mason City Office Investment Opportunity

      Office property with two units, one leased, private parking.
      2013 4th SW, MASON CITY, IA 50401
      View Details
    • $337,000

      Mason City Restaurant Opportunity

      Two-story restaurant building with equipment in Mason City, Iowa.
      125 1st SE, MASON CITY, IA 50401
      View Details
    • $1,200,000
      5,858 SF

      Remodeled Restaurant Building For Sale

      Leased restaurant building in prime location with modern updates.
      2960 4th SW, MASON CITY, IA 50401
      View Details
    • $399,825

      Versatile Commercial Property in Mason City

      Spacious commercial property with office, heated buildings, and loading docks.
      708-712 S Jefferson, Mason City, IA 50401
      View Details
    • $399,825
      8,520 SF

      Spacious Industrial Property on 2+ Acres

      8,500 SF commercial property on 2.17 acres in Mason City.
      708 - 712 S Jefferson, MASON CITY, IA 50401
      View Details
    • $318,000
      6,000 SF

      Retail and Warehouse Space Available

      Retail and warehouse space in a high-traffic location.
      21-23 5th SW, MASON CITY, IA 50401
      View Details
    • $1.00

      Mason City Warehouse with Office

      26690 SF warehouse with office space and loading docks.
      22 10th SW, MASON CITY, IA 50401
      View Details
    • $435,000
      5,751 SF

      Mason City Commercial Building For Sale

      Former equipment dealership on 1.27 acres in high-traffic location.
      4499 4th SW, MASON CITY, IA 50401
      View Details
    • $479,770
      3,892 SF

      Picturesque Acreage with Spacious Home

      Four-bedroom home on 3.42 acres near Asbury.
      2037 12th NE, MASON CITY, IA 50401
      View Details

    FAQs

    What type of property is this?
    Land - Vacant land suitable for development, subject to city standards.
    Where is this land located?
    The property is located at 1960 S Federal Mason City, IA.
    What is the asking price?
    The asking price for this property is $69,900.
    What are key features of this property?
    This property features: Vacant land ready for development; Located between a McDonald's and a convenience store, offering high visibility; Subject to city design standards
    (641) 420-1542
    We can help!
    Listing Contact
    JIM VAITH
    JIM VAITH
    Real Estate License ID: B21042000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1960 S Federal, MASON CITY, IA 50401

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!