Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2201 Oak St Algona, IA 50511-2228

    Property Lookup

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

    2201 Oak St Algona, IA 50511-2228

    View on Map
    • Warehouses
    • 31,200 SF
    • 9.18 lot acres
    Off-Market
    Property ID
    US25-1160474
    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
    $1,500,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2201 Oak St

    Year built
    1995
    Lot size
    9.18 lot acres
    Property size
    31,200 SF
    Property type
    Warehouses
    APN
    22-01-277-009
    APU
    2201277009

    Description

    This exceptional investment opportunity presents a 31,200 square foot warehouse in Algona, Iowa, currently operating at 100% occupancy under a 15-year absolute NNN lease with Stueve Construction, LLC. The lease boasts a 7.75% cap rate and a substantial $620,000 annual net operating income (NOI), with built-in 2% annual rent bumps. The single-story building, constructed in 1995, sits on a 9.18-acre lot and features five dock-high doors and a 14-foot ceiling height. The property is zoned for commercial/industrial use and serves as the headquarters for Stueve Construction, a leading provider in the fertilizer storage construction market, ensuring a mission-critical tenancy. The lease includes two 5-year renewal options, providing long-term stability and a hedge against inflation. The asking price is $8,000,000, translating to $256.41 per square foot. This fee-simple ownership offers a secure, passive investment in a growing industry, backed by a corporate guarantee and a tenant with a proven track record and significant revenue. The property's strategic location in Kossuth County, Iowa, further enhances its appeal. This is a rare opportunity to acquire a high-performing, net-leased industrial asset with significant upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,433,000
      Market price range: $1.23M - $2.06M

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

    Location Insight

    • Map
    • Local Demand
    City
    Algona
    County
    Kossuth
    State
    Iowa
    Longitude
    -94.2103
    Latitude
    43.0755

    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
    2018
    $19,592
    $164,750
    $820,182
    $984,932
    -
    $164,750
    $820,182
    $984,932

    Comparable in this City

    • Value Estimation by Request
      3,400 SF

      Hwy 18th E

      WAREHOUSE, STORAGE • 3,400 SF
      Hwy 18th E, Algona, IA 50511
      View Details
    • Value Estimation by Request
      2,160 SF

      210 Kuhn St

      WAREHOUSE, STORAGE • 2,160 SF
      210 Kuhn St, Algona, IA 50511-1023
      View Details
    • Value Estimation by Request
      4,628 SF

      218 Lantry St

      MINI-WAREHOUSE, STORAGE • 4,628 SF
      218 Lantry St, Algona, IA 50511
      View Details
    • Value Estimation by Request
      720 SF

      123 Lantry St

      WAREHOUSE, STORAGE • 720 SF
      123 Lantry St, Algona, IA 50511
      View Details
    • Value Estimation by Request
      2,560 SF

      1503 Locust St

      WAREHOUSE, STORAGE • 2,560 SF
      1503 Locust St, Algona, IA 50511-1800
      View Details
    • Value Estimation by Request
      1,792 SF

      2106 90th Ave

      WAREHOUSE, STORAGE • 1,792 SF
      2106 90th Ave, Algona, IA 50511-7141
      View Details

    Similar Nearby for Sale

    • $45,000

      Vacant Lot Ready for Building

      Corner lot near swimming pool and pickle ball courts.
      Riverview Hts, Algona, IA 50511
      View Details
    • $300,000

      Algona Commercial Building For Sale

      Established Business, Turnkey Ready, High Traffic
      20 Nebraska St, Algona, IA 50511
      View Details
    • Contact for pricing
      Pending

      Highway Frontage Commercial Land

      Commercial land with high traffic location on Highway 169.
      910 S Phillips St, Algona, IA 50511
      View Details
    • $296,000
      0.90 Acres

      Algona Commercial Property - High Visibility!

      Prime location, multiple buildings, high traffic area.
      1308 Highway 18, Algona, IA 50511
      View Details
    • $100,000
      3,000 SF

      Prime Location Commercial Building

      Commercial building near courthouse and law enforcement center in Algona.
      111 N Hall St, Algona, IA 50511
      View Details
    • New
      $310,000
      44.37 Acres

      Land with Conservation Programs

      44.37 acre property with conservation and habitat programs.
      170th 140Th Ave, Algona, IA 50511
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,636 SF

      Former Restaurant with Drive-Thru

      2,636 SF former restaurant space available for sublease.
      1513 Highway 169 N, Algona, IA 50511
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail space available for lease in Algona, Iowa.
      1500 Us-169, Algona, IA 50511
      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.
    2201 Oak St
    Algona, IA 50511-2228
    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!