Multi-Use Flex Warehouse
2505 S Federal Suite 6 Mason City, IA 50401
For Sale
$170,000
COMMERCIAL - MASON CITY, IA
Property Size1,500 SF
Price / SF$113.33
Days on Market760
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 Agency:
EXIT REALTY MASON CITY
(641) 424-3005
Listed By:
ZELDA ELWOOD
(641) 424-3005
Added: Jul 1, 2024
Changed: Jul 1
Last Checked: Jul 30 at 3:06AM
MLS# 240442
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.
For sale are 30-by-50 “vanilla box” flex warehouse suites designed for customizable buildouts, with conceptual options shown to illustrate potential configurations. Each suite includes its own 200-amp electrical panel and basic lighting and receptacles, with 6 lights and 6 outlets. Physical access is provided by a 14' garage door and a separate walk-in door, and the space features 14-16 inches of R-50 insulation.
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.
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
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
NOI $10,557 @ 7.0% cap · market cap 6.21%
Second Best
Industrial
$124.2K
$108.7K – $144.9K
NOI $8,694 @ 7.0% cap · market cap 5.11%
Theoretical Best
Office A
$376.5K
$329.5K – $439.3K
NOI $26,358 @ 7.0% cap · market cap 15.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Independently powered flex suites with large garage doors and high-value insulation for light industrial or service uses.
Where is this flex space located?
The property is located at 2505 S Federal Suite 6 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: 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
