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Property profile & analytics
OFF-MARKET
Flex space

1615 Central Ave Fort Dodge, IA 50501-4231

3,220 SF 0.32 ac lot Built 2002
Individually Owned 4-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US25-0473497
Property summary
AI-generated overview

This exceptional investment opportunity presents a 3,105 square foot traditional office building located at 1615 Central Ave, Fort Dodge, IA 50501. The property is currently 100% occupied under a modified gross lease by the Mine Safety and Health Administration (MSHA), a US Federal Government agency. This provides a secure and stable investment backed by the full faith and credit of the U.S. Government. The building sits on a 0.32-acre lot and offers a long-term lease with approximately 12.9 years remaining. The property benefits from its strategic location in Fort Dodge, offering convenient access to major roadways, the Fort Dodge Regional Airport, recreational areas such as Snell-Crawford Park and Becker Wildlife Area, and UnityPoint Health Trinity Regional Medical Center. Built in 2003 to meet specific government standards, this property represents a low-risk, high-return investment opportunity due to the long-term lease with a stable, essential service provider. The strong local economy and projected population growth further enhance the property's long-term value. The building's single-tenant occupancy minimizes management complexities and ensures consistent income streams. This is a rare opportunity to acquire a fee-simple interest in a property leased by a highly creditworthy government tenant.

Property profile
Verified
Property type Flex space
Use group LIGHT INDUSTRIAL
Year built 2002
Construction FRAME
Total area 3,220 SF
Lot 0.32 ac (13,983 SF)
APN 720409010
UPID US25-0473497
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
  • US Mine Safety & Health Administration Government Office
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Jason E Kahler · 4 yrs held
Jason E Kahler
since 2022
1 recorded transaction
2022
$220,000
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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