Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Mason City Commercial Property Title is generated by Realmo AI

    708 - 712 S Jefferson, Mason City, IA 50401

    View on Map
    Claim this Listing
    For Sale
    $399,825

    COMMERCIAL - MASON CITY, IA

    Property size:
    8,520 SF
    Lot size:
    2.17 Acres
    Price / SF:
    $46/SF
    Added:
    Aug 22, 2025
    Days on Market:
    283
    Last Refresh:
    May 31 at 1:06 am

    Property Features for 708 - 712 S Jefferson

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Z4 - Multi-Use District
    Standard status
    Active
    Size
    8,520 SF
    Lot size
    2.17 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    long - see agent remarks

    Utilities

    Cooling system
    Window Unit(s)

    Building Details

    Year built
    1946
    Floors in Building
    1
    Building materials
    Block
    Architectural style
    Other

    We can help!

    Listing Contact
    DODIE WILKINS
    DODIE WILKINS

    Listing agent DODIE WILKINS License #***

    Listing office CENTURY 21 PREFERRED 2800 4th SW SUITE #3, Mason City, IA

    Listing date Aug 22, 2025

    MLS# 250611

    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.

    HighLights

    • 8,500 sq ft of commercial space on 2.17 acres.
    • Features multiple loading docks: 5 on the east side and 4 on the west.
    • Heated building includes an office and bath.
    • Month‑to‑month lease income from 708 S Jefferson and adjacent yard.
    • Updated overhead doors on 2 buildings.
    • Versatile space suitable for business equipment, recreation vehicles, or storage.

    Overview

    This commercial property in Mason City, IA, offers over 8,500 square feet of space on a 2.17-acre lot. The property includes heated buildings with office space and bathroom facilities located at 712 S Jefferson. Updated overhead doors are present on two of the buildings. There are five loading docks on the east side and four on the west side of 708 S Jefferson. The property is zoned Z4 - Multi-Use District. The roof age is approximately 2008. 708 S Jefferson has a month-to-month lease at $700 per month, and the adjacent yard also has a month-to-month lease at $525. The property is suitable for business equipment, recreation vehicles, and storage.
    Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

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

    Similar Places Nearby

    • Midwestern Soybean International — 500 3rd St NE, Mason City, IA 50401
    • North Iowa Regional Commerce Center — 9 N Federal Ave, Mason City, IA 50401
    • Elwoods All Aboard Storage — 519 9th St NW, Mason City, IA 50401
    • Federal U Store It — 1003 N Federal Ave, Mason City, IA 50401
    • North End Storage — Mason City, IA 50401

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.206384
    Latitude
    43.144378

    Nearby Similar for Sale

    • $1,400,000
      6,148 SF

      West Side Retail Property

      Retail property with national tenants near Indianhead Square retail center.
      402 Indianhead Dr, MASON CITY, IA 50401
      View Details
    • $800,000

      Historic Mason City Commercial Building

      Three-story commercial building with leasable space and recent upgrades.
      122-124 N Federal Avenue, Mason City, IA 50401
      View Details
    • $1,200,000
      5,858 SF

      Remodeled Restaurant Building For Sale

      Leased restaurant building in prime location with modern updates.
      2960 4th SW, MASON CITY, IA 50401
      View Details
    • $450,000
      6,634 SF

      Spacious Office Building For Sale

      6634 Sq Ft office building with subdivision potential.
      1408 & 1410 6th SW, MASON CITY, IA 50401
      View Details
    • $399,825

      Versatile Commercial Property in Mason City

      Spacious commercial property with office, heated buildings, and loading docks.
      708-712 S Jefferson, Mason City, IA 50401
      View Details
    • $800,000
      16,665 SF

      Historic Mason City Building For Sale

      Historic downtown building with leasable space and recent upgrades.
      122-124 N Federal, MASON CITY, IA 50401
      View Details
    • $170,000
      4,536 SF

      Brick Duplex with Income Potential

      Classic duplex in Mason City with strong income potential.
      25-27 6th Street NW, Mason City, IA 50401
      View Details
    • $145,000
      3,910 SF

      Four-Unit Multifamily Property in Mason City

      Income-producing fourplex with detached garage and outdoor living spaces.
      321 3rd Street NW, Mason City, IA 50401
      View Details
    • $435,000
      5,751 SF

      Mason City Commercial Opportunity

      Former equipment dealership building on 1.27 acres for sale.
      4499 4th SW, MASON CITY, IA 50401
      View Details
    • $350,000
      3,700 SF

      Mason City Office Investment Opportunity

      West side commercial property with two units and private parking.
      2013 4th SW, MASON CITY, IA 50401
      View Details
    • $374,000
      3,055 SF

      Upscale Office Park with Unique Features

      Energy-efficient office building with potential for expansion on 2.17 acres.
      524 Village Green Drive, Mason City, IA 50401
      View Details
    • $575,000
      12,608 SF

      Mason City Commercial Building For Sale

      Commercial building with showroom, offices, and warehouse space for sale.
      641 S Delaware, MASON CITY, IA 50401
      View Details

    FAQs

    What type of property is this?
    Warehouse - Spacious commercial property with versatile buildings and ample yard space.
    Where is this warehouse located?
    The property is located at 708 - 712 S Jefferson Mason City, IA.
    What is the asking price?
    The asking price for this property is $399,825.
    What are key features of this property?
    This property features: 8,500 sq ft of commercial space on 2.17 acres.; Features multiple loading docks: 5 on the east side and 4 on the west.; Heated building includes an office and bath.
    (641) 425-9852
    We can help!
    Listing Contact
    DODIE WILKINS
    DODIE WILKINS
    Real Estate License ID: ***
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    708 - 712 S Jefferson, MASON CITY, IA 50401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!