Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Space For Rent Title is generated by Realmo AI

    625 Village Green Dr, Mason City, IA 50401

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Approximately 1000 sq ft office space available for rent.

    Type:Office
    Property size:
    1,000 SF
    Added:
    Jul 16, 2024
    Days on Market:
    690
    Last Refresh:
    May 12 at 9:42 pm

    Property Features for 625 Village Green Dr

    General Information

    Standard status
    Active
    Size
    1,000 SF
    Property subtype
    Office

    Spaces For Lease

    at 625 Village Green Dr Contact us

    $10/Mo

    Size
    1,000 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Timothy Latham

    Listing agent Timothy Latham License #IA B44162

    Listing office Hildebrand Real Estate

    Listing date Jul 16, 2024

    Source Crexi

    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 Hildebrand Real Estate

    HighLights

    • Affordable $10 sq ft NNN lease
    • Approx. 1000 sq ft office space
    • Potential buildout assistance from owner
    • Quality office space
    • Convenient location next to Social Security office
    • Close proximity to Menards

    Overview

    This property offers approximately 1000 square feet of office space available for lease at $10 per square foot on a NNN lease. The property is located close to Menards and is situated next to the Social Security office. The owner may be willing to assist with buildout.
    Property Profile Location Intelligence

    Current Use by Public Records

    Social Security Administration Social Security Office

    Suggested Use

    Restaurant Real Estate Agency Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Gym & Fitness Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.246436
    Latitude
    43.1457

    Nearby Similar for Lease

    • $1,750/Mo

      Downtown Mason City Office Space

      Prime, fully finished office suite in downtown Mason City.
      202 1st Street SE Unit 201, Mason City, IA 50401
      View Details
    • $1,750/Mo
      1,529 SF

      Downtown Mason City Office Space

      Prime office space in downtown Mason City ready for occupancy.
      202 1st SE #201, MASON CITY, IA 50401
      View Details
    • $1.00 SF/Yr
      16,665 SF

      Historic Mason City Office Space

      Leasable office space in a renovated historic downtown building.
      122-124 N Federal, MASON CITY, IA 50401
      View Details
    • $1.00 SF/Yr
      3,487 SF

      Downtown Office Space For Lease

      Spacious office suite in historic building with recent upgrades.
      9 2nd NW, MASON CITY, IA 50401
      View Details
    • $1.00 SF/Yr
      5,530 SF

      Mason City Commercial Space Available

      5,530 SF commercial space in a popular location.
      687 S Taft, MASON CITY, IA 50401
      View Details
    • $1,500/Mo

      Downtown Mason City Office Space

      Prime office space in downtown Mason City with excellent visibility.
      202 1st Street SE Unit 112, Mason City, IA 50401
      View Details
    • $1,000/Mo

      Prime Downtown Mason City Office

      969 SF office suite in downtown Mason City.
      202 1st Street Unit 151, Mason City, IA 50401
      View Details
    • $1,000/Mo
      969 SF

      Downtown Mason City Office Suite

      Prime, ready-to-go office space in downtown Mason City.
      202 1st SE #151, MASON CITY, IA 50401
      View Details
    • $1.00 SF/Yr

      Historic Mason City Office Space

      Leasable office space in downtown Mason City, Iowa.
      122-124 N Federal Avenue, Mason City, IA 50401
      View Details
    • $1.00 SF/Yr
      1,450 SF

      Downtown Office Space Available

      1450 Sq Ft office suite in historic building.
      122 N Federal, MASON CITY, IA 50401
      View Details
    • $1.00 SF/Yr
      2,317 SF

      Downtown Office Space for Lease

      Spacious 2317 SF office suite in historic downtown building.
      124 N Federal, MASON CITY, IA 50401
      View Details
    • $1.00 SF/Yr

      Office Unit in Mason City

      Office unit for lease in Mason City, Iowa.
      2013 4th SW, MASON CITY, IA 50401
      View Details

    FAQs

    What type of property is this?
    Office units - Approximately 1000 sq ft office space available for rent.
    Where is this office units located?
    The property is located at 625 Village Green Dr Mason City, IA.
    What is the lease rate?
    The lease rate is $120 SF/Yr.
    What are key features of this property?
    This property features: Affordable $10 sq ft NNN lease; Approx. 1000 sq ft office space; Potential buildout assistance from owner
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Timothy Latham
    Real Estate License ID: IA B44162
    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
    625 Village Green Dr, 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!