Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1828 1St Ave South Fort Dodge, IA 50501

    • Flex space
    • 13,835 SF
    • 1.36 lot acres
    For Sale
    View listing
    $1,050,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0561859
    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

    • Fort Dodge Hometown / Appliance Store

    Property Details for 1828 1St Ave South

    Year built
    1993
    Lot size
    1.36 lot acres
    Property size
    13,835 SF
    Property type
    Flex space
    APN
    720411002
    APU
    720411002

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,085,000
      6.5%
      $1,005,000
      7%
      $930,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $881,000
      Market price range: $416k - $1.32M

    • Alternative Use

      Use
      Estimation
      INDUSTRIAL (GENERAL)
      $795,000
      Current use
      COMMERCIAL (GENERAL)
      $1,180,000
      Change: +49% Conversion: Difficult
      RESTAURANT
      $1,155,000
      Change: +46% Conversion: Difficult
      OFFICE BUILDING
      $1,115,000
      Change: +41% Conversion: Difficult
      MEDICAL BUILDING
      $1,010,000
      Change: +27% Conversion: Difficult
      WAREHOUSE, STORAGE
      $995,000
      Change: +25% Conversion: Easy
      RETAIL STORES
      $705,000
      Change: -11% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Dodge
    County
    Webster
    State
    Iowa
    Longitude
    -94.1727
    Latitude
    42.5058
    CBSA code
    22700
    CBSA name
    FORT DODGE, 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
    2023
    $25,108
    $220,000
    $480,110
    $700,110
    -
    $220,000
    $480,110
    $700,110

    Comparable in this City

    • Value Estimation
      $1,030,000
      24,310 SF

      2031 Quail Ave

      LIGHT INDUSTRIAL • 24,310 SF
      2031 Quail Ave, Fort Dodge, IA 50501-8511
      View Details
    • Value Estimation by Request
      1,120 SF

      536 22nd St

      LIGHT INDUSTRIAL • 1,120 SF
      536 22nd St, Fort Dodge, IA 50501-5429
      View Details
    • Value Estimation
      $1,390,000
      20,000 SF

      2199 235th St

      LIGHT INDUSTRIAL • 20,000 SF
      2199 235th St, Fort Dodge, IA 50501-8665
      View Details
    • Value Estimation by Request
      1,800 SF

      Fort

      LIGHT INDUSTRIAL • 1,800 SF
      Fort, Dodge, IA 50501
      View Details
    • Value Estimation by Request
      7,177 SF

      1710 5th S Ave

      LIGHT INDUSTRIAL • 7,177 SF
      1710 5th S Ave, Fort Dodge, IA 50501-5045
      View Details
    • Value Estimation by Request
      15,210 SF

      508 5th N Ave

      LIGHT INDUSTRIAL • 15,210 SF
      508 5th N Ave, Fort Dodge, IA 50501-3204
      View Details

    Similar Nearby for Sale

    • $289,900
      8,240 SF

      Versatile Industrial Property in Fort Dodge

      Two-building industrial property with flexible spaces and ample parking.
      2110 4Th Ave S, Fort Dodge, IA 50501
      View Details
    • $1,050,000
      19,835 SF

      Versatile Industrial Property in Fort Dodge

      19,835 SF property with industrial, retail, and warehouse space.
      1828 1St Ave South, Fort Dodge, IA 50501
      View Details
    • New
      $349,500
      14,700 SF

      Versatile Downtown Fort Dodge Property

      14,700 SF property suitable for various uses in downtown Fort Dodge.
      131 Central Ave, Fort Dodge, IA 50501
      View Details
    • $1,200,000
      16,800 SF

      5.3 Acre Transportation Technology Center

      Versatile 5.3 acre property suitable for educational, commercial, or institutional use.
      1106 S 32Nd St, Fort Dodge, IA 50501
      View Details
    • $89,900
      40,704 SF

      Historic Fort Dodge Commercial Building

      Four-story, 40,000+ sq ft building with rooftop views.
      8 S 18Th St, Fort Dodge, IA 50501
      View Details
    • $35,000
      1.90 Acres

      Residential Land in Coleman District

      1.9 acre residential land parcel in Fort Dodge, Iowa.
      1801 S 17Th St, Fort Dodge, IA 50501
      View Details

    Similar Nearby for Lease

    • $6 SF/Yr
      8,000 SF

      Fort Dodge Light Industrial Warehouse

      8,000 sq ft warehouse with loading dock for lease.
      605 South 22Nd St, Fort Dodge, IA 50501
      View Details
    • $1,300 /Mo
      1,099 SF

      Turnkey Medical Office in Fort Dodge

      Move-in ready medical office space in a convenient Fort Dodge location.
      3 N 17Th St, Fort Dodge, IA 50501
      View Details
    • $25 SF/Yr
      9,077 SF

      Corridor Plaza Medical Office Space

      Fort Dodge, IA medical office suites available.
      2817 3Rd Ave, Fort Dodge, IA 50501
      View Details
    • $25 SF/Yr
      9,077 SF

      Prime Retail Space in Fort Dodge

      Versatile retail space with modern amenities in a convenient location.
      2817 3Rd Ave N, Fort Dodge, IA 50501
      View Details
    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.
    1828 1St Ave South
    Fort Dodge, IA 50501
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.