Condo-Style Professional Office
2419 2nd Avenue North Fort Dodge, IA 50501
2419 2nd Avenue North, Fort Dodge, IA, 50501
$949,500
Pending
For Sale
$949,500
Pending
Condo-style suite in Kingsgate Center, suited for professional services including medical, insurance, and retail.
Property Size7,585 SF
Days on Market639
Property Features for 2419 2nd Avenue North
General Information
- Standard status
- Pending
- Size
- 7,585 SF
Listing agency
Kesterson Realty Inc
(515) 570-0672
Listed by
Jim Kesterson · License #B11960
(515) 570-0672
Source
Exprealty
Added: Oct 22, 2024 Updated: Jul 21 at 5:48PM Checked: Jul 21 at 5:48PM
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 Kesterson Realty Inc
Investment Insights
Based on property information with market context.
This for-sale space is located in Kingsgate Center and is offered in a condo-type configuration. The property is positioned as a flexible option for professional services, with suitability noted for medical use, insurance-related operations, food service, and retail shop concepts.
The space is located at 2419 2nd Avenue North in Fort Dodge, IA 50501. For prospective occupants or buyers, the condo-style setup can be convenient for maintaining a defined, independently managed suite within the broader center.
At the time of listing, the property is offered as a 7,585 square foot suite in the Kingsgate Center.
The space is located at 2419 2nd Avenue North in Fort Dodge, IA 50501. For prospective occupants or buyers, the condo-style setup can be convenient for maintaining a defined, independently managed suite within the broader center.
At the time of listing, the property is offered as a 7,585 square foot suite in the Kingsgate Center.
Key Highlights
- Condo‑style suite in Kingsgate Center
- Suitable for professional services including medical, insurance, food service, and retail
Local Financial Insights For Healthcare Medical
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 | $166.6k | $21.96 |
| − Vacancy | −$28.0k | −$3.69 |
| EGI | $138.6k | $18.27 |
| − OpEx | −$55.4k | −$7.31 |
| NOI | $83.2k | $10.96 |
7,585 SF · lease $21.96/SF/yr · vacancy 16.80% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$1.19M
$1.04M – $1.39M
NOI $83,150 @ 7.0% cap · market cap 8.76%
Second Best
Retail
$1.12M
$984.2K – $1.31M
NOI $78,739 @ 7.0% cap · market cap 8.29%
Theoretical Best
Office A
$1.37M
$1.20M – $1.59M
NOI $95,680 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Debbie K. Ladd, ...
Pediatrician
Dr. Luke R. ...
Medical Clinic
Veterans Administration: Deborah ...
Medical Clinic
Lynnette A. Graesing, ARNP
Physician
Debra Ladd
Physician
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FAQs
What type of property is this?
Office units - Condo-style suite in Kingsgate Center, suited for professional services including medical, insurance, and retail.
Where is this office units located?
The property is located at 2419 2nd Avenue North Fort Dodge, IA.
What is the asking price?
The asking price for this property is $949,500.
What are key features of this property?
This property features: Condo‑style suite in Kingsgate Center; Suitable for professional services including medical, insurance, food service, and retail
