Insulated Steel
For Sale
$599,000
3415 9th SW, Mason City, IA 50401
Move-in-ready industrial building with power, radiant heat, overhead access, and a full bathroom with shower.
Property Size4,950 SF
Lot Size2.50 Acres
Price / SF$121.01
Days on Market510
Property Features for 3415 9th SW
General Information
Standard status
Active
Size
4,950 SF
Lot size
2.50 Acres
Property subtype
General Commercial
Warehouse & Industrial
Drive-In Doors
3
Power
400 amps
Three-Phase Power
Yes
Taxes and HOA fees
Annual Taxes
$794
Amenities
full bathroom with shower
radiant heat
remotes for all 3 garage doors
3
Other
5 Parking Spaces. Gravel, Heated Garage.
150 x 333.6 to be determi
Building Details
Year Built
2022
Buildings
1
Building Size
4,950 SF
Construction
steel frame
Listing Agency:
Century 21 Preferred
(641) 424-9400
Listed By:
Denise Ott · License #S72875
Source:
Xome
Added: Apr 7, 2025
Changed: Aug 29
Last Checked: Aug 29 at 7:13PM
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.
Completed in 2022, this all-steel Sukup warehouse provides 4,950 square feet on a 2.5-acre property in Mason City. The building is fully insulated and features 17-foot sidewalls, radiant heat, and a 7-inch concrete floor with two floor drains. A full bathroom with shower adds practical support for daily operations.
Electrical service includes three-phase power with 400-amp capacity. The building has three overhead doors, including two measuring 15' x 15' and a third measuring 15' x 20'; each door includes a remote. The property also includes five gravel parking spaces and a heated garage area. Located at 3415 9th SW, the facility offers a substantial industrial footprint with dedicated access for vehicles and equipment.
Electrical service includes three-phase power with 400-amp capacity. The building has three overhead doors, including two measuring 15' x 15' and a third measuring 15' x 20'; each door includes a remote. The property also includes five gravel parking spaces and a heated garage area. Located at 3415 9th SW, the facility offers a substantial industrial footprint with dedicated access for vehicles and equipment.
Key Highlights
- 4,950 SF all‑steel Sukup building completed in 2022
- Situated on 2.5 acres at 3415 9th SW, Mason City, IA 50401
- Three‑phase electrical service with 400 amp capacity
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$34,838
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,760
$696.8K
Cap Rate 7%
$497,686
$497.7K
Cap Rate 9%
$387,089
$387.1K
Market Conditions
NOI Build-Up for 4,950 SF
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.
Gross rent
$44.6K $9.00/SF
− Vacancy
−$3.6K −$0.72/SF
EGI
$41.0K $8.28/SF
− OpEx
−$6.1K −$1.24/SF
NOI
$34.8K $7.04/SF
Area
Cerro Gordo County, IA
Vacancy
8.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$696,760
Cap Rate 7%
$497,686
Cap Rate 9%
$387,089
Alternative Uses
Best Use
Warehouse
$497.7K
$435.5K – $580.6K
NOI $34,838 @ 7.0% cap · market cap 5.82%
Second Best
Industrial
$409.9K
$358.6K – $478.2K
NOI $28,690 @ 7.0% cap · market cap 4.79%
Theoretical Best
Office A
$1.24M
$1.09M – $1.45M
NOI $86,981 @ 7.0% cap · market cap 14.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
334
Businesses Nearby
Balanced
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Ryder — 2550 15th St SW, Mason City, IA 50401
Frequently Asked Questions
What type of property is this?
Warehouse - Move-in-ready industrial building with power, radiant heat, overhead access, and a full bathroom with shower.
Where is this warehouse located?
The property is located at 3415 9th SW Mason City, IA.
What is the asking price?
The asking price for this property is $599,000.
What are key features of this property?
This property features: 4,950 SF all‑steel Sukup building completed in 2022; Situated on 2.5 acres at 3415 9th SW, Mason City, IA 50401; Three‑phase electrical service with 400 amp capacity
