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Property profile & analytics
OFF-MARKET
Estimated value
$1,330,000
Medical Office Space
1000 4th SW St Mason City, IA 50401-2800
Entity Owned
Free & Clear
Property ID
US25-0568465
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
1965
Total area
14,472 SF
Lot
4.65 ac (202,554 SF)
APN
70915600200
UPID
US25-0568465
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
-
Jill Burkley, PsyD Physician Medical Clinic
-
Sandra L. Crosara, M.D. Medical Clinic
-
Mercy's Corner Cup Cafe & Coffee Shop
-
Amir Sajadian, MD Physician
-
Dr. David C. Sloan, MD Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.23M
Blend (final)
Blend
$1.33M
Owner & transaction history
MERCY MEDICAL CENTER NORTH IOWA
MERCY MEDICAL CENTER NORTH IOWA
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$1.4M
+73.2%
Restaurant
$1.1M
+30.7%
Warehouse, storage
$925,000
+14.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mason City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$805,000
Current use
OFFICE BUILDING
$1,400,000
Change: +73% · Conversion: Easy
RESTAURANT
$1,055,000
Change: +31% · Conversion: Difficult
WAREHOUSE, STORAGE
$925,000
Change: +15% · Conversion: Difficult
AUTO REPAIR, GARAGE
$920,000
Change: +14% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$890,000
Change: +10% · Conversion: Difficult
Blend value · Realmo final
$1.33M
Range $1.20M – $1.46M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$92 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Assessed value
$85,264,920
Assessed 2024
Previous assessed
$85,264,920
+0.0% YoY
Assessed land
$659,550
Assessed improvement
$84,605,370
Land market value
$659,550
Improvement market value
$84,605,370
Total market value
$85,264,920
Applied tax rate
1,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
1965
Heating
NONE
Buildings
7
Stories
4
Total area
14,472 SF
Lot
4.65 ac (202,554 SF)
APN
70915600200
UPID
US25-0568465
Jurisdiction
CERRO GORDO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$805,000
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.1M
WAREHOUSE, STORAGE
Est. value
$925,000
AUTO REPAIR, GARAGE
Est. value
$920,000
INDUSTRIAL (GENERAL)
Est. value
$890,000
MEDICAL BUILDING Current
OFFICE BUILDING
RESTAURANT
WAREHOUSE, STORAGE
AUTO REPAIR, GARAGE
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1965
Heating
NONE
Stories
4
Buildings
7
Lot
4.65 ac
Current owner
From public records · entity-resolved
MERCY MEDICAL CENTER NORTH IOWA
Individual
Free & Clear · 0 yrs held
Mailing address
1000 4TH ST SW, MASON CITY, IA 50401-2800
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
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