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Property profile & analytics
OFF-MARKET
Grocery and convenience stores
1303 Federal Ave Mason City, IA 50401-1239
Entity Owned
11-yr Hold
~
Est. High Equity
Property ID
US25-0459343
Property profile
Verified
Property type
Grocery and convenience stores
Use group
CONVENIENCE STORE
Year built
1958
Total area
5,572 SF
Lot
0.54 ac (23,305 SF)
APN
70315305400
UPID
US25-0459343
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
-
South Federal Laundry (Bike/Boat/Book/etc) Store
-
Northside Liquor,Vape,Tobacco (Bike/Boat/Book/etc) Store Wine and Liquor Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Zayn Properties LLC · 11 yrs held
Zayn Properties LLC
since 2015
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Tax billed
$11,716
Tax year 2022
Assessed value
$460,000
Assessed 2024
Previous assessed
$460,000
+0.0% YoY
Effective rate
2.55%
On assessed value
Assessed land
$60,570
Assessed improvement
$399,430
Land market value
$60,570
Improvement market value
$399,430
Total market value
$460,000
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
Grocery and convenience stores
Use group
CONVENIENCE STORE
Status
Off-Market
Year built
1958
Heating
NONE
Stories
1
Total area
5,572 SF
Lot
0.54 ac (23,305 SF)
APN
70315305400
UPID
US25-0459343
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
Building & site characteristics
From public records
Year built
1958
Heating
NONE
Stories
1
Lot
0.54 ac
Current owner
From public records · entity-resolved
Zayn Properties LLC
Entity
Mailing address
1303 N FEDERAL AVE, MASON CITY, IA 50401-1239
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 2, 2019
—
T&s Properties Management
—
Deed
related
$5,012,070 · First Security Bank & Trust Co
Jun 14, 2018
—
T&s Properties Mgmt LLC
—
Deed
related
$700,000 · Midwest One Bank
Jul 10, 2015
$45,000
Zayn Properties LLC
Jerry Hart
Deed
—
Nov 6, 2013
$177,360
Zayn Properties LLC
Gulshan Abbas
Warranty Deed
$660,000 · Farmers State Bank
Sep 18, 2013
—
Gulshan Abbas
Kari Abbas
Intrafamily Transfer
related
—
Nov 21, 2011
—
Gulshan Abbas
White Star Investments LLC
Intrafamily Transfer
related
—
Jul 18, 2008
—
White Star Investment L L C
Nisar Ahmed Mian
Quit Claim Deed
related
—
Apr 7, 2008
$140,000
Nisar Ahmed Mian
Donald J True
Warranty Deed
—
Apr 7, 2008
$90,000
T& J Partners Lc
Gerald J Piska
Warranty Deed
—
Jul 5, 2005
—
Donald True
Kristine K Latham
Warranty Deed
$76,192 · Timothy Latham
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.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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