2505 S Federal Suite 6 Mason City, IA 50401
COMMERCIAL - MASON CITY, IA
Property Features for 2505 S Federal Suite 6
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 (641) 424-3005
Listing office EXIT REALTY MASON CITY 2401 S FEDERAL, Mason City, IA (641) 424-3005
Listing date Jul 1, 2024
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.
The property is located in Mason City, Iowa and is zoned Z4 - Multi-Use District. The offering consists of 4 suites out of 6 currently remaining.
This product suits tenants, buyers, or operators looking for independent, turnkey-style storage and workspace that can accommodate a range of light service or light industrial setups. The combination of dedicated power, garage-door access, and substantial insulation supports uses that benefit from drive-in functionality and climate control in occupied storage environments.
Key Highlights
- 30 x 50 metal box unit build with open‑setup concept and multiple suite options
- Each unit includes its own 200 amp electrical panel, plus 6 lights and 6 outlets
- Each unit has 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 |
