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    Property profile & analytics

    1809 Federal Ave Mason City, IA 50401-5754

    • Turn key restaurants
    • 2,992 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimation
    $225,000
    Location Intelligence
    Property ID
    US25-0641537
    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.

    Current Use by Public Records

    • Plaza Mexico Mason City / Mexican Restaurant / Family Restaurant
    • Drug Rehabilitation Mason City IA Center / Rehabilitation Center

    Property Details for 1809 Federal Ave

    Year built
    1960
    Construction
    FRAME
    Lot size
    0.59 lot acres
    Property size
    2,992 SF
    Property type
    Turn key restaurants
    APN
    71515400100
    APU
    71515400100

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $240,000

    • CAP approach

      CAP return
      Estimation
      6%
      $185,000
      6.5%
      $175,000
      7%
      $180,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $170,000
      Geo Method
      $190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $165,000
      Retail
      $170,000
      Mixed-Use
      $160,000
      Hospitality
      $160,000
      Educational
      $170,000
      Residential Income
      $160,000
      Energy
      $190,000
      Income-Based Land
      $185,000
      Food Service
      $175,000

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.2006
    Latitude
    43.134
    CBSA code
    32380
    CBSA name
    MASON CITY, IA MICROPOLITAN STATISTICAL AREA

    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
    $7,528
    $100,590
    $249,510
    $350,100
    -
    $100,590
    $249,510
    $350,100

    Comparable in this City

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      15 Delaware Ave

      RESTAURANT • 10,560 SF
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    • Value Estimation
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      2,120 SF

      1304 4th SE St

      RESTAURANT • 2,120 SF
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      4175 4th SW St

      RESTAURANT • 5,260 SF
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    • Value Estimation by Request
      4,400 SF

      3006 4th SW St

      RESTAURANT • 4,400 SF
      3006 4th SW St, Mason City, IA 50401-1566
      View Details

    Similar Nearby for Sale

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    • $730,000
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      Mixed-Use Commercial Property Package

      Six parcels with storefronts, apartments, and long-term tenants.
      11 S Federal Ave, Mason City, IA 50401
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      Mixed-Use Commercial Properties Package

      Six parcels with excellent visibility, development opportunities, and long-term tenants.
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    Similar Nearby for Lease

    • $13 SF/Yr
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      Retail Space in Mason City

      Retail spaces available for lease near Wal-Mart Supercenter.
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    • $9 SF/Yr
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      Retail Space in Mason City

      Retail spaces for lease on Wal-Mart Supercenter outlot.
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    • Contact for pricing
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      Mason City Retail Space For Lease

      Prime location, 2,975 sq ft available.
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    1809 Federal Ave
    Mason City, IA 50401-5754
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    Realmo Value Estimation

    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.

    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.

    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
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