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    2261 4Th St SW Mason City, IA 50401
    Property profile & analytics

    2261 4Th St SW Mason City, IA 50401

    View on Map
    • Strip malls
    • 5,184 SF
    • 1.08 lot acres
    For Lease
    $580,000
    View Listing →
    Retail Space on Main Corridor For Lease
    $580,000

    Retail Space on Main Corridor

    Retail space available on Mason City's main corridor.

    2261 4th St SW, Mason City, IA 50401
    View Listing
    Property ID
    US25-0610241
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • All About Eyes - Mason City / Physician
    • Augustin Eye Care, PLC / Physician
    • Dr. Thomas Augustin / Physician
    • Pancheros Mexican Grill - Mason City / Restaurant

    Property Details for 2261 4Th St SW

    Year built
    2013
    Lot size
    1.08 lot acres
    Property size
    5,184 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    70832600200
    APU
    70832600200

    Description

    This exceptional retail property, located at 2261 4th St SW in Mason City, Iowa, offers 2,975 square feet of versatile space ideal for a variety of restaurant concepts or similar businesses. Situated on a main corridor, this single-story building enjoys excellent visibility and accessibility, boasting direct access from the frontage road leading to 4th Street SW (US Highway 218) and Briarstone Drive. The property is located in Cerro Gordo County, zip code 50401, and benefits from high traffic counts due to its strategic location. The building consists of one structure with a total of 2,975 square feet currently available for lease. This presents a unique opportunity for businesses seeking a prominent location with high visibility and convenient access for customers. The space is suitable for multiple tenants, offering flexibility for businesses of varying sizes. This is a single-story building, making it easily navigable and accessible. The property's location on a major thoroughfare ensures significant exposure to potential customers. Serious inquiries are encouraged to explore this outstanding opportunity to establish or expand a business in a thriving Mason City location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $885,000
      OFFICE BUILDING
      $500,000
      RESTAURANT
      $380,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mason City
    County
    Cerro Gordo
    State
    Iowa
    Longitude
    -93.235
    Latitude
    43.1475
    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
    $31,586
    $405,480
    $769,350
    $1,174,830
    -
    $405,480
    $769,350
    $1,174,830

    Comparable in this City

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      402 Indian Head Dr

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    • Value Estimation by Request
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      517 Federal Ave

      SHOPPING CENTER, STRIP CENTER • 5,760 SF
      517 Federal Ave, Mason City, IA 50401-3803
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    • Value Estimation
      $1,670,000
      18,384 SF

      646 Monroe Ave

      SHOPPING CENTER, STRIP CENTER • 18,384 SF
      646 Monroe Ave, Mason City, IA 50401-5041
      View Details
    • Value Estimation
      $955,000
      6,000 SF

      4109 4th SW St

      SHOPPING CENTER, STRIP CENTER • 6,000 SF
      4109 4th SW St, Mason City, IA 50401-7359
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    • Value Estimation by Request
      68,696 SF

      1530 Federal Ave

      SHOPPING CENTER, STRIP CENTER • 68,696 SF
      1530 Federal Ave, Mason City, IA 50401-5749
      View Details
    • Value Estimation
      $1,320,000
      13,913 SF

      1915 4th SW St

      SHOPPING CENTER, STRIP CENTER • 13,913 SF
      1915 4th SW St, Mason City, IA 50401-4601
      View Details

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    Similar Nearby for Lease

    • $9 SF/Yr
      2,380 SF

      Retail Space in Mason City

      Retail spaces available for lease near Wal-Mart Supercenter.
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      View Details
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      Retail Space in Mason City

      Retail spaces for lease on Wal-Mart Supercenter outlot.
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      View Details
    • Contact for pricing

      Prime Retail Space in Iowa

      Retail leasing opportunity in Mason City's commercial corridor.
      2400 4Th St SW, Mason City, IA 50401
      View Details
    • $9 SF/Yr
      2,786 SF

      Retail Space in Mason City

      Retail space for lease on Wal-Mart Supercenter outlot.
      451- Indian Head Dr, Mason City, IA 50401
      View Details
    • Contact for pricing
      2,975 SF

      Retail Space in Mason City

      Retail space available in high-traffic Mason City location.
      2261 4Th St Southwest, Mason City, IA 50401
      View Details
    • Contact for pricing

      Retail Space in Mason City

      Retail space for lease on Wal-Mart Supercenter outlot.
      451-497 Indian Head Dr, Mason City, IA 50401
      View Details
    View Listing
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    Mason City, IA 50401
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    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
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