Florist Retail
New
For Sale
$375,000
923 4th SW, Mason City, IA 50401
COMMERCIAL/INDUSTRIAL, 1 Story, MASON CITY, IA
Property Size2,111 SF
Lot Size0.08 Acres
Price / SF$177.64
Days on Market3
Property Features for 923 4th SW
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
Z2 - Sub-Urban District
Subdivision
Southwest
Standard status
Active
Size
2,111 SF
Lot size
0.08 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
L 7 EXC S 40' BLK 1 HOME PARK ADD
Legal Description
L 7 EXC S 40' BLK 1 HOME PARK ADD
Utilities
Cooling system
Wall Unit(s)
Building Details
Year built
1945
Floors in Building
1
Building materials
Frame, Vinyl
Roof type
Rubber, Asphalt
Architectural style
Other
Listing Agency:
CENTURY 21 PREFERRED · Century 21 Real Estate
(641) 424-9400
Listed By:
DODIE WILKINS · License #B370010000
(641) 425-9852
Added: Oct 6
Last Checked: Oct 8 at 5:06AM
MLS# 260777
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.
Investment Insights
Based on property information with market context.
This 2,111-square-foot retail storefront at 923 4th SW in Mason City has served as a florist business since 1958. The building dates to 1945 and features frame and vinyl construction, wall-unit cooling, and a front display window. The parcel contains 0.08 acres and is zoned Z2 - Sub-Urban District.
The roof includes rubber and asphalt materials. The property is located in Mason City, Iowa, ZIP code 50401.
The roof includes rubber and asphalt materials. The property is located in Mason City, Iowa, ZIP code 50401.
Key Highlights
- 2,111 square feet of retail space
- 0.08‑acre parcel
- Florist business at this location since 1958
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,314
Cap Rate
4.35%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,280
$326.3K
Cap Rate 7%
$233,057
$233.1K
Cap Rate 9%
$181,267
$181.3K
Market Conditions
NOI Build-Up for 2,111 SF
Gross rent
$25.3K $12.00/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$23.3K $11.04/SF
− OpEx
−$7.0K −$3.31/SF
NOI
$16.3K $7.73/SF
Area
Cerro Gordo County, IA
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$326,280
Cap Rate 7%
$233,057
Cap Rate 9%
$181,267
Alternative Uses
Best Use
Retail
$233.1K
$203.9K – $271.9K
NOI $16,314 @ 7.0% cap · market cap 4.35%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$529.9K
$463.7K – $618.2K
NOI $37,094 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
1,031
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 50401, IA
28,981
Population
14,746
Households
2
Avg Household Size
43
Median Age
22%
College-Educated
94%
High-School Grad
148.2 sq mi
ZIP Area
196
Density / Sq Mi
$63,807
Median Household Income
$38,929
Median Earnings
$868
Median Rent
$134,100
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Similar Off Market Nearby
- Baker Floral — 923 4th St SW, Mason City, IA 50401
Frequently Asked Questions
What type of property is this?
Storefront property - A street-facing display window serves a florist business that has operated at this location since 1958.
Where is this storefront property located?
The property is located at 923 4th SW Mason City, IA.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: 2,111 square feet of retail space; 0.08‑acre parcel; Florist business at this location since 1958
