Property profile

12 4th St Clear Lake, IA 50428

OFF-MARKET
Retail space
Property ID
US25-0677016
4,008 SF 0.07 ac lot Built 1920
Individually Owned 8-yr Hold Free & Clear
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Property summary

AI-generated overview

A two-story brick mixed-use building combining office and retail space on the first floor with a residential apartment on the second floor. The main level includes open space, a conference room, reception area, four offices, and two restrooms, with zoned HVAC serving the interior. The second floor is configured as a 2-bedroom, 1-bath efficiency apartment with loft-type ceilings and views of downtown. There is an unfinished lower level that can be used for storage. The building has a front entrance on N 4th St and an additional alley entrance to the north. The property is listed as zoned Com.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1920
Total area 4,008 SF
Lot 0.07 ac (3,180 SF)
APN 51328000200
UPID US25-0677016

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Publishing House Newspaper & Magazine
  • Law Firm

Location

12 4th St Clear Lake, IA 50428-1815
Clear Lake metro Census 950800 MASON CITY, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2018
1 recorded transaction
2018
$249,500

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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