Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    10 N Washington Ave Mason City, IA 50401

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space in Mason City's town square, near amenities.

    Type:Office
    Added:
    Sep 20, 2023
    Days on Market:
    940
    Last Refresh:
    Mar 17 at 1:15 pm

    Property Features for 10 N Washington Ave

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1994

    Spaces For Lease

    at 10 N Washington Ave Contact us

    Suite 301 $6 /Mo

    Size
    6,000 SF
    Type
    Office
    Contact us

    Suite 220 $6 /Mo

    Size
    1,800 SF
    Type
    Office
    Contact us

    We can help!

    Listing Contact
    Drew Rosonke
    Drew Rosonke

    Listing agent Drew Rosonke License #S71622000

    Listing office CBRE - Des Moines

    Listing date Sep 20, 2023

    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 CBRE - Des Moines

    Overview

    Professional Office Space For Rent

    Professional office space is available in Mason City, situated on the town square. The property features a tenant mix that includes Wells Fargo Advisors, Wells Fargo Bank, Raymond James, RSM, Thompson Companies, and Stoney Creek Hospitality Corp. Its location offers proximity to various restaurants and businesses in the area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Thompson Company Construction Company Wells Fargo Bank Bank Wells Fargo Advisors Financial Advisor Westermann & Cooney of Raymond ... Financial Advisor Stoney Creek Hospitality Corporate Office

    Suggested Use

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

    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
    -93.203184
    Latitude
    43.152237

    Nearby Similar for Lease

    • Contact for pricing

      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
    • Contact for pricing

      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
    • Contact for pricing

      Prime Downtown Mason City Office

      969 SF office suite in downtown Mason City.
      202 1st Street Unit 151, Mason City, IA 50401
      View Details
    • $1.00/mo

      Historic Mason City Office Space

      Leasable office space in downtown Mason City, Iowa.
      122-124 N Federal Avenue, Mason City, IA 50401
      View Details
    • $6/mo

      Downtown Office Space Available

      Prime downtown location with flexible, move-in ready office suites.
      10 North Washington Avenue, Mason City, IA, 50401
      View Details
    • $12/mo

      Professional Office Space in Iowa

      Office space for lease in Mason City, Iowa.
      111 W State Street, Mason City, IA 50401
      View Details
    • $9/mo

      Retail Space in Mason City

      Retail space for lease on Wal-Mart Supercenter outlot.
      451- 497 Indianhead Drive, Mason City, IA, 50401
      View Details
    • Contact for pricing

      Retail Space in Mason City

      Retail space available in high-traffic Mason City location.
      2261 4th Street Southwest, Mason City, IA, 50401
      View Details
    • $9/mo

      Retail Space in Mason City

      Retail spaces available for lease near Wal-Mart Supercenter.
      497 Indian Head, Mason City, IA
      View Details
    • $9/mo

      Retail Space in Mason City

      Retail spaces for lease on Wal-Mart Supercenter outlot.
      451 Indianhead Dr, Mason City, IA
      View Details
    • Contact for pricing

      High Bulk Warehouse For Rent

      Warehouse with conveyor sortation and ample parking, near I-35.
      2400 19th Street Southwest, Mason City, IA, 50401
      View Details
    • Contact for pricing

      Retail Space on Main Corridor

      Retail space available on Mason City's main corridor.
      2261 4th St SW, Mason City, IA 50401
      View Details

    FAQs

    What type of property is this?
    Office units - Office space in Mason City's town square, near amenities.
    Where is this office units located?
    The property is located at 10 N Washington Ave Mason City, IA.
    What are key features of this property?
    This property features: Located on the town square in Mason City.; Includes a great tenant mix with Wells Fargo Advisors, Wells Fargo Bank, Raymond James, RSM, Thompson Companies and Stoney Creek Hospitality Corp.; Near many other restaurants and businesses.
    (515) 415-6106 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Drew Rosonke
    Drew Rosonke
    Real Estate License ID: S71622000
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!