Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    129 E 2Nd St Webster City, IA 50595

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    129 E 2Nd St Webster City, IA 50595

    View on Map
    • Automotive properties
    • 3,268 SF
    • 1.52 lot acres
    For Sale
    $379,000
    View Listing →
    Versatile Commercial Property in Webster For Sale
    $379,000
    10,927 SF

    Versatile Commercial Property in Webster

    10,927 SF commercial property suitable for various business ventures.

    129 E 2nd Street, Webster City, IA 50595
    View Listing
    Property ID
    US25-0584299
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Automotive properties

    Property Details for 129 E 2Nd St

    Year built
    1969
    Lot size
    1.52 lot acres
    Property size
    3,268 SF
    Property type
    Automotive properties
    APN
    40882506107011
    APU
    40882506107011

    Description

    This versatile Webster City, IA commercial property presents a unique investment opportunity. The 10,927 square foot building, constructed in 1969, sits on a 1.52-acre lot and boasts a 12-foot ceiling height. Previously used as a car dealership, this property offers flexible zoning (Highway Commercial) and is ideal for a variety of uses, including automotive sales and service, retail, or other commercial ventures. The property includes two buildings on a single story, offering ample space and adaptability. The asking price is $399,900, with flexible purchase options available, including cash or contract with a substantial down payment. Lease options are also available at $4,995 per month. An adjacent 0.36-acre lot is also available for purchase ($79,900) or lease ($778.80 per month). The seller may consider dividing the land to better suit buyer or lessee needs. Located at 129 E 2nd St, Webster City, IA 50595, this property offers excellent visibility and ample parking. This is a prime opportunity to acquire a substantial commercial property in a desirable location with significant potential for various business applications. The property's APN is 40882506107011.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Webster City
    County
    Hamilton
    State
    Iowa
    Longitude
    -93.8117
    Latitude
    42.4699

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $8,882
    $75,600
    $261,920
    $337,520
    -
    $75,600
    $261,920
    $337,520

    Comparable in this City

    • Value Estimation by Request
      4,000 SF

      1705 2nd St

      VEHICLE SALES, RENTALS • 4,000 SF
      1705 2nd St, Webster City, IA 50595-1107
      View Details
    • Value Estimation by Request
      15,000 SF

      400 Closz Dr

      VEHICLE SALES, RENTALS • 15,000 SF
      400 Closz Dr, Webster City, IA 50595-3201
      View Details
    • Value Estimation by Request
      2,160 SF

      1118 2nd St

      VEHICLE SALES, RENTALS • 2,160 SF
      1118 2nd St, Webster City, IA 50595-1241
      View Details
    • Value Estimation by Request
      3,855 SF

      826 2nd St

      CAR WASH - SELF-SERVE • 3,855 SF
      826 2nd St, Webster City, IA 50595
      View Details
    • Value Estimation by Request
      1,895 SF

      801 2nd St

      SERVICE STATION (FULL SERVICE) • 1,895 SF
      801 2nd St, Webster City, IA 50595-1345
      View Details
    • Value Estimation by Request
      4,268 SF

      140 2nd St

      SERVICE STATION (FULL SERVICE) • 4,268 SF
      140 2nd St, Webster City, IA 50595-1602
      View Details

    Similar Nearby for Sale

    • $134,900
      0.31 Acres

      Webster City Commercial Opportunity

      Corner lot building previously used as service station and dealership.
      801 2Nd St, Webster City, IA 50595
      View Details
    • $379,000
      1.52 Acres

      Versatile Commercial Property in Webster

      10,927 SF commercial property suitable for various business ventures.
      129 E 2Nd St, Webster City, IA 50595
      View Details
    • $359,900
      5,200 SF

      Retail Space with Drive-Up Window

      Retail space with drive-up, parking, and potential for division.
      909 Willson Ave, Webster City, IA 50595
      View Details
    • $850,000

      Commercial Building in Webster City

      17,920 SF building with lease income and upside.
      814 Superior St, Webster City, IA 50595
      View Details
    • $79,900
      0.36 Acres

      Commercial Land in Webster City

      Commercial land available for development in Webster City, Iowa.
      E 2Nd St, Webster City, IA 50595
      View Details
    • New
      Contact for pricing
      80.00 Acres

      Productive Farmland Auction Near Webster

      80 acres of farmland available via public auction.
      250Th St, Webster, IA 50595
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail/Office/Storage Space Available

      9,520 SF space suitable for retail, storage, medical, or office.
      814 Superior St, Webster City, IA 50595
      View Details
    • $8 SF/Yr
      5,040 SF

      Webster City Office Building

      Single-story office building near State Highway 20.
      1921 Superior St, Webster City, IA 50595
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    129 E 2Nd St
    Webster City, IA 50595
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!