Property profile

202 1St St 157 Mason City, IA 50401

FOR SALE
Office buildings
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Property ID
US25-0479053
22,064 SF 0.5 ac Built 1925
Last sale Feb 2024·$1,350,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 2-yr Hold Held for 2 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
Market Trends Soon

Property summary

AI-generated overview

Unit 107 is a 186-square-foot, one-room office suite located on the main level of Petersen Plaza in downtown Mason City at 202 1st St SE. The suite includes a street-accessible entrance through the plaza, an exterior window, and a coat closet, and it features recent interior updates such as fresh paint and vinyl flooring. The building and suite are fully ADA accessible, and approved signage is permitted. The property includes an on-site parking lot in addition to street parking, and the suite…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$24k
Tax billed · 2022
Assessed value · 2024$1.17M
Assessed land$99k
Assessed improvement$1.07M
Effective rate2.10%

Value estimate

· Nov 2026
$1.35M
$1.22M – $1.49M
AI approach$1.35M
Submarket $/SF estimate$942k
NOI build-up
Gross scheduled income$20k
Vacancy & credit loss−$2k
Operating expenses−$6k
NOI$13k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$64/SF
ZIP average, outlier-cleaned · 35 recorded sales of this use type
Observed band · Q1–Q3$37 – $94

Cap rate analysis

How does the asset earn?
$13k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCERRO GORDO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency28.1
Dental Office22.2
Restaurant19.8

Location

202 1St St, Unit 157 Mason City, IA 50401
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
300 15th NE, Mason City, IA 50401-1222 $110,000 May 2025 12,860 SF
120 State, Mason City, IA 50401-3132 $650,000 Aug 2024 13,480 SF
825 Taft, Mason City, IA 50401-7345 $387,500 May 2024 10,776 SF
112 Pennsylvania, Mason City, IA 50401-3404 $5,335,000 Apr 2023 13,270 SF
122 Federal, Mason City, IA 50401-3227 $200,000 Dec 2022 11,880 SF
478 Tiffany, Mason City, IA 50401-1535 $5,000,000 Dec 2022 14,561 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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