Insulated Flex Building with
For Sale
$599,000
3415 9th SW, Mason City, IA 50401
Commercial Sale, Mason City, IA
Property Size4,950 SF
Lot Size2.50 Acres
Price / SF$121.01
Days on Market542
Property Features for 3415 9th SW
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Open, Garage
Directions
See Google Maps
Standard status
Active
APN
070737800300
Lot size
2.50 Acres
Taxes and HOA fees
Tax Year
2023
Tax Description
L 9 Westgate Business Park
Tax Annual Amount
794
Legal Description
L 9 Westgate Business Park
Utilities
Heating system
Radiant
Water source
Public
Building Details
Year built
2022
Number of units
1
Building materials
Metal Siding
Architectural style
Other
Listing Agency:
Century 21 Preferred
(641) 424-9400
Listed By:
Denise Ott
(641) 330-7031
Added: May 1, 2025
Changed: Oct 22
Last Checked: Oct 24 at 8:06AM
MLS# 6327229
Copyright © 2026 NoCoast MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 2022 flex building provides 4,950 square feet on 2.5 acres. The all-steel structure is fully insulated and finished with a 7-inch concrete floor containing two floor drains. Radiant heat, a full bathroom with shower, and 17-foot sidewalls support a range of commercial operations.
Electrical service includes three-phase power with 400 amps. Access is provided by three overhead doors: two measuring 15' x 15' and one measuring 15' x 20', each equipped with a remote. The property also has public water and open and garage parking features.
Electrical service includes three-phase power with 400 amps. Access is provided by three overhead doors: two measuring 15' x 15' and one measuring 15' x 20', each equipped with a remote. The property also has public water and open and garage parking features.
Key Highlights
- 4,950‑square‑foot all‑steel flex building constructed in 2022
- Situated on 2.5 acres with open and garage parking features
- Fully insulated with 17‑foot sidewalls and radiant heat
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,838
Cap Rate
5.82%
Suggested Prices Based on Cap Rates
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
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 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.
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Current Use
Lease Details
3
Drive-in doors
Location Intelligence
Trade Area within ½ mile
270
Businesses Nearby
Balanced
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Move-in-ready flex space with radiant heat, substantial electrical capacity, overhead access, and a private bathroom.
Where is this flex space 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‑square‑foot all‑steel flex building constructed in 2022; Situated on 2.5 acres with open and garage parking features; Fully insulated with 17‑foot sidewalls and radiant heat
