Full-Service Beauty Spa
For Sale
Contact for pricing
202 1st Se #157 #Suite 157, Mason City, IA 50401
Configured for hair care and spa services with reception, offices, laundry, and an in-suite restroom.
Property Size1,669 SF
Price / SF$1.08
Days on Market53
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Property Features for 202 1st Se #157 #Suite 157
General Information
Standard status
Active
Size
1,669 SF
Property subtype
Commercial-Lease
Additional Details
Business Included
Yes
Amenities
large inviting reception room
five semi-private Hair Stylist stations
one private Spa room
3 spa chair/hair wash stations
managers office
private in-suite Laundry room/Kitchenette
in-suite bathroom
Petersen Plaza public restrooms
walk-in Entrance
full access to Petersen Plaza
Handicap accessible
no steps
Building Details
Tenancy
Single
Listing Agency:
CENTURY 21 PREFERRED
Listed By:
Roger Flieth · License #107
(641) 420-5635
Source:
Janefischer
Added: Aug 24
Changed: Oct 15
Last Checked: Oct 14 at 8:28PM
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
Investment Insights
Based on property information with market context.
The 1,669-square-foot suite is configured for full-service beauty and spa operations. Its layout includes a reception area, five semi-private stylist stations, one private spa room, and three spa chair and hair-wash stations. Additional support areas include a manager’s office, private in-suite laundry room with kitchenette, and an in-suite bathroom. Customers and staff also have access to Petersen Plaza’s public restrooms.
The suite has a dedicated walk-in entrance within Petersen Plaza in downtown Mason City. The property includes an on-site parking lot along with street parking. A step-free, handicap-accessible entry supports convenient access for visitors and employees. The plaza also houses offices and professional businesses, providing an established commercial setting for the suite.
The suite has a dedicated walk-in entrance within Petersen Plaza in downtown Mason City. The property includes an on-site parking lot along with street parking. A step-free, handicap-accessible entry supports convenient access for visitors and employees. The plaza also houses offices and professional businesses, providing an established commercial setting for the suite.
Key Highlights
- 1,669‑square‑foot beauty and spa suite at Petersen Plaza
- Five semi‑private hair stylist stations and one private spa room
- Three spa chair and hair‑wash stations
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,898
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,960
$258.0K
Cap Rate 7%
$184,257
$184.3K
Cap Rate 9%
$143,311
$143.3K
Market Conditions
NOI Build-Up for 1,669 SF
Gross rent
$20.0K $12.00/SF
− Vacancy
−$1.6K −$0.96/SF
EGI
$18.4K $11.04/SF
− OpEx
−$5.5K −$3.31/SF
NOI
$12.9K $7.73/SF
Area
Cerro Gordo County, IA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$257,960
Cap Rate 7%
$184,257
Cap Rate 9%
$143,311
Alternative Uses
Best Use
Retail
$184.3K
$161.2K – $215.0K
NOI $12,898 @ 7.0% cap · market cap 712.60%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$419.0K
$366.6K – $488.8K
NOI $29,327 @ 7.0% cap · market cap 1,620.28%
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
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,029
Businesses Nearby
Under-served
Demand for This Use
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Spa & wellness property - Configured for hair care and spa services with reception, offices, laundry, and an in-suite restroom.
Where is this spa & wellness property located?
The property is located at 202 1st Se #157 #Suite 157 Mason City, IA.
What are key features of this property?
This property features: 1,669‑square‑foot beauty and spa suite at Petersen Plaza; Five semi‑private hair stylist stations and one private spa room; Three spa chair and hair‑wash stations
