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Property profile & analytics
FOR LEASE
Banks

10 North Washington Ave Mason City, IA 50401

39,650 SF 1.18 ac lot Built 1994
Entity Owned 5-yr Hold ~ Est. High Equity
Property ID
US25-0596051
Property summary
AI-generated overview

This exceptional office space opportunity is situated in the heart of Mason City, Iowa, at 10 N Washington Ave, 50401. The property, known as the Wells Fargo Center, offers a variety of traditional office suites ranging from 1,800 square feet to 6,000 square feet, providing flexibility for businesses of various sizes. Located on the town square, this building enjoys high visibility and convenient access to a multitude of amenities. The property boasts a strong tenant mix, including established and reputable businesses such as Wells Fargo Advisors, Wells Fargo Bank, Raymond James, RSM, Thompson Companies, and Stoney Creek Hospitality Corp., creating a vibrant and professional atmosphere. The building's central location places it within easy reach of numerous restaurants and other businesses, offering employees and clients a wide array of options for dining and services. This is an excellent opportunity to establish a presence in a thriving downtown area with a diverse and successful tenant community. The property is located in Cerro Gordo County and is ideal for businesses seeking a prestigious and well-connected address in Mason City. Contact us today to learn more about available spaces and lease terms.

Property profile
Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1994
Total area 39,650 SF
Lot 1.18 ac (51,444 SF)
APN 70923700900
UPID US25-0596051
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Thompson Company Construction Company General Contractor
  • Wells Fargo Bank Bank Loan Service
  • Wells Fargo Advisors Financial Advisor
  • Westermann & Cooney of Raymond James Financial Advisor
  • Stoney Creek Hospitality Corporate Office Business Park
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$2.66M
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.08M
Blend (final) Blend
$2.70M
Owner & transaction history
Tango Holdings LLC · 5 yrs held
Tango Holdings LLC
since 2020
Last sale
$2.8M
2 recorded transactions
2020
$2.2M
2017
Price N/A
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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