Drive-Through Restaurant with Upgraded
For Sale
$450,000
721 N 15th St, Fort Dodge, IA 50501
Electrical and plumbing improvements accompany kitchen and walk-in cooler upgrades.
Property Size2,762 SF
Price / SF$162.93
Days on Market12
Property Features for 721 N 15th St
General Information
Standard status
Active
Size
2,762 SF
Additional Details
Business Included
Yes
Taxes and HOA fees
Annual Taxes
$2,769
Amenities
walk-in cooler
additional storage areas
Listing Agency:
Legacy Realty Group, LLC
(515) 302-8633
Listed By:
Sadie Andersen
(515) 408-1824
Source:
Exprealty
Added: Oct 6
Changed: Oct 16
Last Checked: Oct 16 at 2:19PM
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 Legacy Realty Group, LLC
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Investment Insights
Based on property information with market context.
This 2,762-square-foot drive-through restaurant has received new electrical and plumbing systems, along with kitchen and walk-in cooler upgrades. The building also includes additional storage areas that may support business operations.
Located at 721 N 15th St in Fort Dodge, the property is offered for sale.
Located at 721 N 15th St in Fort Dodge, the property is offered for sale.
Key Highlights
- 2,762‑square‑foot restaurant building
- New electrical and plumbing systems
- Upgraded kitchen and walk‑in cooler
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,360
Cap Rate
6.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,200
$587.2K
Cap Rate 7%
$419,429
$419.4K
Cap Rate 9%
$326,222
$326.2K
Market Conditions
NOI Build-Up for 2,762 SF
Gross rent
$42.8K $15.48/SF
− Vacancy
−$3.6K −$1.31/SF
EGI
$39.1K $14.17/SF
− OpEx
−$9.8K −$3.54/SF
NOI
$29.4K $10.63/SF
Area
Webster County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$587,200
Cap Rate 7%
$419,429
Cap Rate 9%
$326,222
Alternative Uses
Best Use
Specialty Retail
$419.4K
$367.0K – $489.3K
NOI $29,360 @ 7.0% cap · market cap 6.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$497.7K
$435.5K – $580.7K
NOI $34,841 @ 7.0% cap · market cap 7.74%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,009
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Drive through restaurant - Electrical and plumbing improvements accompany kitchen and walk-in cooler upgrades.
Where is this drive through restaurant located?
The property is located at 721 N 15th St Fort Dodge, IA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 2,762‑square‑foot restaurant building; New electrical and plumbing systems; Upgraded kitchen and walk‑in cooler
