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30x50 Flex Warehouse Box Units

2505 S Federal Suite 4 Mason City, IA 50401

2505 S Federal Suite 4, Mason City, IA, 50401
$170,000
For Sale
Claim this Listing
$170,000

COMMERCIAL - MASON CITY, IA

Property Size1,500 SF
Price / SF$113.33
AddedJul 1, 2024
Days on Market746
Last RefreshJul 16 at 10:06 am

Property Features for 2505 S Federal Suite 4

General Information

Property type
Commercial Sale
Property subtype
Other
Zoning
Z4 - Multi-Use District
Standard status
Active

Taxes and HOA fees

Tax Description
Long

Building Details

Building materials
Metal
Architectural style
Other

Listing agent ZELDA ELWOOD

Listing office EXIT REALTY MASON CITY 2401 S FEDERAL, Mason City, IA

Listing date Jul 1, 2024

MLS# 240440

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.


Investment Insights

Based on property information with market context.

This offering consists of 30 x 50 “vanilla box” units designed for tenant or owner customization. Each suite includes its own 200 amp electrical panel, along with 6 lights and 6 outlets. The units have a 14' garage door and a separate walk-in door, and are insulated with 14-16" R50 value insulation. The marketing material notes conceptual finishes to illustrate what the suites could be adapted into, and 4 of the 6 suites are currently available.

The property is located at 2505 S Federal, Suite 4, in Mason City, Iowa (50401). It is listed under Z4 - Multi-Use District zoning, supporting a flexible approach to how the space may be operated.

With individual power distribution and direct vehicle access via the garage door, these suites are well suited for businesses or operators looking for self-contained storage or workspace that can be finished according to their specific needs. The standalone suite configuration can also be helpful for users who prefer dedicated electrical service within their unit rather than shared setups.

Key Highlights

  • Customizable 30 X 50 "vanilla box" unit allowing for personalized design and use.
  • Each unit has its own 200 amp electrical panel, 6 lights, and 6 outlets.
  • Features a 14' garage door and a walk‑in door.

Local Financial Insights For Warehouse

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 $13.5k $9.00
− Vacancy −$1.1k −$0.72
EGI $12.4k $8.28
− OpEx −$1.9k −$1.24
NOI $10.6k $7.04
1,500 SF · lease $9.00/SF/yr · vacancy 8.00% · expense 15.00%

Alternative Uses

Best Use
Warehouse
$150.8K
$132.0K – $176.0K (±1% cap)
NOI $10,557 @ 7.0% cap · market cap 6.21%
Second Best
Industrial
$124.2K
$108.7K – $144.9K (±1% cap)
NOI $8,694 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$376.5K
$329.5K – $439.3K (±1% cap)
NOI $26,358 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Suggested Use

Real Estate Agency Restaurant Dental Office Law Firm Big Box & Wholesale Store Hair Salon Spa & Massage Center Pharmacy Building Supply Nail Salon

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

FAQs

What type of property is this?
Flex space - Configurable 30x50 box units with private power, garage doors, and walk-in access for a range of uses.
Where is this flex space located?
The property is located at 2505 S Federal Suite 4 Mason City, IA.
What is the asking price?
The asking price for this property is $170,000.
What are key features of this property?
This property features: Customizable 30 X 50 "vanilla box" unit allowing for personalized design and use.; Each unit has its own 200 amp electrical panel, 6 lights, and 6 outlets.; Features a 14' garage door and a walk‑in door.
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More about this property
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