Main-Level Office
For Sale
Contact for pricing
Pending
202 1st Se #107 ##107, Mason City, IA 50401
Fresh finishes, an exterior window, and ADA access support a compact professional workspace.
Property Size186 SF
Days on Market93
Property Features for 202 1st Se #107 ##107
General Information
Standard status
Pending
Size
186 SF
Property subtype
Commercial-Lease
Site & Location
Road Access
Yes
Utilities to Site
Yes
Additional Details
Floor
Main
Amenities
ADA accessible
High Speed wireless communication service
Listing Agency:
CENTURY 21 PREFERRED
Listed By:
Roger Flieth · License #107
(641) 420-5635
Source:
Janefischer
Added: Jul 27
Changed: Oct 26
Last Checked: Oct 26 at 1:27PM
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 CENTURY 21 PREFERRED
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Investment Insights
Based on property information with market context.
Unit 107 is a 186-square-foot, one-room office suite on the main level of Petersen Plaza. Recent updates include fresh paint and vinyl flooring, while an exterior window and coat closet add practical functionality. The building and suite are fully ADA accessible, and approved signage is permitted.
Located at 202 1st St SE in downtown Mason City, the office has access from the street and through the plaza. The property includes an on-site parking lot along with additional street parking. High-speed wireless communication service is available, with MediaCom and CLTEL listed as provider options.
Located at 202 1st St SE in downtown Mason City, the office has access from the street and through the plaza. The property includes an on-site parking lot along with additional street parking. High-speed wireless communication service is available, with MediaCom and CLTEL listed as provider options.
Key Highlights
- 186‑square‑foot one‑room office suite in Unit 107
- Main‑level location with street‑side and plaza access
- Fresh paint, vinyl flooring, exterior window, and coat closet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$2,398
Suggested Prices Based on Cap Rates
Cap Rate 5%
$47,960
$48.0K
Cap Rate 7%
$34,257
$34.3K
Cap Rate 9%
$26,644
$26.6K
Market Conditions
NOI Build-Up for 186 SF
Gross rent
$3.9K $20.76/SF
− Vacancy
−$664 −$3.57/SF
EGI
$3.2K $17.19/SF
− OpEx
−$799 −$4.30/SF
NOI
$2.4K $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%
$47,960
Cap Rate 7%
$34,257
Cap Rate 9%
$26,644
Alternative Uses
Best Use
Office B
$34.3K
$30.0K – $40.0K
NOI $2,398 @ 7.0% cap · market cap 1,065.78%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$46.7K
$40.9K – $54.5K
NOI $3,268 @ 7.0% cap · market cap 1,452.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Fresh finishes, an exterior window, and ADA access support a compact professional workspace.
Where is this office unit located?
The property is located at 202 1st Se #107 ##107 Mason City, IA.
What are key features of this property?
This property features: 186‑square‑foot one‑room office suite in Unit 107; Main‑level location with street‑side and plaza access; Fresh paint, vinyl flooring, exterior window, and coat closet
