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    Floral and Gift Storefront Title is generated by Realmo AI

    530 Main Street, Osage, IA 50461

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    For Sale
    $250,000

    SINGLE_FAMILY - Osage, IA

    Type:Office
    Lot size:
    0.07 Acres
    Added:
    Oct 27, 2025
    Days on Market:
    203
    Last Refresh:
    May 17 at 2:06 am

    Property Features for 530 Main Street

    General Information

    Property type
    Residential
    Property subtype
    Office
    Zoning
    Commercail
    Standard status
    Active
    APN
    1026227009
    Lot size
    0.07 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    W 1/3 Lot 1 in Block 158 of the City of Osage according to the recorded plat thereof in Mitchell County, Iowa
    Tax Annual Amount
    1148

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Heating system
    Forced Air, Natural Gas
    Cooling system
    Central Air

    Building Details

    Year built
    1900
    Flooring type
    Wood, Tile
    Building materials
    Frame, Brick
    Roof type
    Membrane, Composition

    We can help!

    Listing Contact
    Kevin Kolbet

    Listing agent Kevin Kolbet License #B01509

    Listing office Kolbet Realtors P.O. Box 245 1429 Main Street, Osage, IA

    Listing date Oct 27, 2025

    MLS# 20255291

    Copyright © 2026 Northeast Iowa Regional 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.

    HighLights

    • Established floral and gift store with real estate included
    • Includes equipment, fixtures, inventories, and covenant not to compete
    • Attached garage/warehouse provides storage and operational space
    • Fully‑renovated and leased apartment generates rental income
    • Proprietor available for training or employment post‑sale
    • Building features a combination of frame and brick construction with tile and wood flooring

    Overview

    This is a long-established floral and gift store situated in a well-located area. The property includes an attached garage/warehouse. Above the store is a fully renovated apartment that is currently leased. The sale price encompasses all real estate, equipment, fixtures, and inventories. A covenant not to compete is also included in the sale. The proprietor is open to providing training and/or remaining as an employee after the sale. The property is zoned for commercial use and is situated on a lot of approximately 0.07 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Osage Floral & Gifts (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Auto Repair Shop Bar & Pub Discount Store Electrical Service Garden Center Bed & Breakfast Restaurant

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Simply Beautiful Events & Rentals — Osage, IA 50461
    • Osage Floral & Gifts — 530 Main St, Osage, IA 50461

    Location Insight

    • Map
    • Local Demand
    City
    Osage
    County
    Mitchell
    State
    Iowa
    Longitude
    -92.813239
    Latitude
    43.283755

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    FAQs

    What type of property is this?
    Storefront property - Established floral and gift store with renovated apartment.
    Where is this storefront property located?
    The property is located at 530 Main Street Osage, IA.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: Established floral and gift store with real estate included; Includes equipment, fixtures, inventories, and covenant not to compete; Attached garage/warehouse provides storage and operational space
    (641) 732-3337
    We can help!
    Listing Contact
    Kevin Kolbet
    Real Estate License ID: B01509
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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