Residential Income
For Sale
$164,900
426 N 27th St, Fort Dodge, IA 50501
The property is near school campuses and uptown shopping areas.
Property Size1,976 SF
Price / SF$83.45
Days on Market22
Property Features for 426 N 27th St
General Information
Standard status
Active
Size
1,976 SF
Property subtype
Residential Income
Taxes and HOA fees
Annual Taxes
$2,847
Listing Agency:
Coldwell Banker Associated Realtors
(515) 955-7000
Listed By:
Troy Anderson
(515) 955-7644
Source:
Exprealty
Added: Sep 18
Changed: Sep 30
Last Checked: Oct 7 at 5:50PM
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 Coldwell Banker Associated Realtors
Investment Insights
Based on property information with market context.
Located at 426 N 27th St in Fort Dodge, this residential income property is close to high school and middle school campuses, with uptown shopping areas nearby.
Key Highlights
- Near a high school, middle school, and uptown shopping areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,786
Cap Rate
8.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,720
$295.7K
Cap Rate 7%
$211,229
$211.2K
Cap Rate 9%
$164,289
$164.3K
Market Conditions
NOI Build-Up for 1,976 SF
Gross rent
$28.7K $14.52/SF
− Vacancy
−$1.8K −$0.91/SF
EGI
$26.9K $13.61/SF
− OpEx
−$12.1K −$6.12/SF
NOI
$14.8K $7.48/SF
Area
Webster County, IA
Vacancy
6.30%
Lease Rate
$14.52 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$295,720
Cap Rate 7%
$211,229
Cap Rate 9%
$164,289
Alternative Uses
Best Use
Apartment 5plus
$211.2K
$184.8K – $246.4K
NOI $14,786 @ 7.0% cap · market cap 8.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$356.1K
$311.6K – $415.4K
NOI $24,926 @ 7.0% cap · market cap 15.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
634
Businesses Nearby
Explore this area
Business Placement
Demographics for 50501, IA
28,492
Population
13,198
Households
2.2
Avg Household Size
39
Median Age
20%
College-Educated
92%
High-School Grad
152.2 sq mi
ZIP Area
187
Density / Sq Mi
$66,130
Median Household Income
$36,934
Median Earnings
$779
Median Rent
$139,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Frequently Asked Questions
What type of property is this?
Residential income property - The property is near school campuses and uptown shopping areas.
Where is this residential income property located?
The property is located at 426 N 27th St Fort Dodge, IA.
What is the asking price?
The asking price for this property is $164,900.
What are key features of this property?
This property features: Near a high school, middle school, and uptown shopping areas
