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    2419 2Nd Ave N Fort Dodge, IA 50501

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    2419 2Nd Ave N Fort Dodge, IA 50501

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    • Strip malls
    • 7,585 SF
    • 1.77 lot acres
    For Sale
    $949,500
    View Listing →
    Kingsgate Center Retail/Office Condo For Sale
    $949,500
    1.77 Acres

    Kingsgate Center Retail/Office Condo

    Prime location retail/office condo in Fort Dodge, Iowa.

    2419 2nd Avenue N, Fort Dodge, IA 50501
    View Listing
    Property ID
    US25-0716648
    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

    • Debbie K. Ladd, ARNP / Pediatrician / Physician
    • Dr. Luke R. Perrin, MD / Medical Clinic
    • Veterans Administration: Deborah K. Varrelmann, ARNP / Medical Clinic
    • Lynnette A. Graesing, ARNP / Physician
    • Debra Ladd / Physician

    Property Details for 2419 2Nd Ave N

    Year built
    2005
    Construction
    STEEL FRAME
    Lot size
    1.77 lot acres
    Property size
    7,585 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    721305009
    APU
    721305009

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $645,000
      RESTAURANT
      $635,000
      OFFICE BUILDING
      $610,000
      MEDICAL BUILDING
      $555,000
      WAREHOUSE, STORAGE
      $545,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Dodge
    County
    Webster
    State
    Iowa
    Longitude
    -94.1647
    Latitude
    42.5079
    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
    2022
    $23,956
    $62,420
    $552,740
    $615,160
    -
    $62,420
    $552,740
    $615,160

    Comparable in this City

    • Value Estimation by Request
      1,550 SF

      114 25th St

      SHOPPING CENTER, STRIP CENTER • 1,550 SF
      114 25th St, Fort Dodge, IA 50501-4338
      View Details
    • Value Estimation by Request
      1,100 SF

      126 25th St

      SHOPPING CENTER, STRIP CENTER • 1,100 SF
      126 25th St, Fort Dodge, IA 50501
      View Details
    • Value Estimation
      $6,035,000
      33,900 SF

      3003 1st S Ave, Unit 3043

      SHOPPING CENTER, STRIP CENTER • 33,900 SF
      3003 1st S Ave, Fort Dodge, IA 50501-2995
      View Details
    • Value Estimation
      $1,490,000
      15,214 SF

      2907 5th S Ave

      SHOPPING CENTER, STRIP CENTER • 15,214 SF
      2907 5th S Ave, Fort Dodge, IA 50501
      View Details
    • Value Estimation by Request
      1,986 SF

      102 25th St

      SHOPPING CENTER, STRIP CENTER • 1,986 SF
      102 25th St, Fort Dodge, IA 50501-4338
      View Details
    • Value Estimation
      $655,000
      6,250 SF

      22 27th St

      SHOPPING CENTER, STRIP CENTER • 6,250 SF
      22 27th St, Fort Dodge, IA 50501-4331
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Fort Dodge Commercial Shop Space

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      605 S 22Nd St, Fort Dodge, IA 50501
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      Prime Commercial Property in Iowa

      Flourishing corridor location with office, shop, and warehouse space.
      508 South 32Nd St, Fort Dodge, IA 50501
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    • $949,500
      Pending

      Kingsgate Center Retail/Office Condo

      Prime location retail/office condo in Fort Dodge, Iowa.
      2419 2Nd Ave N, Fort Dodge, IA 50501
      View Details
    • New
      Contact for pricing
      720 SF

      Garage on Lot in Iowa

      30x24 garage on a lot, great for storage.
      1727 14Th Ave SW, Fort Dodge, IA 50501
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    • Contact for pricing
      2,160 SF

      Downtown Fort Dodge Mixed-Use Building

      Historic mixed-use building with commercial and residential spaces.
      12 N 7Th St, Fort Dodge, IA 50501
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    • Contact for pricing
      4,000 SF

      Fort Dodge Commercial Shop Space

      Well-located commercial shop space with office and waiting area.
      605 S 22Nd St, Fort Dodge, IA 50501
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    Similar Nearby for Lease

    • $25 SF/Yr

      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
    • $16 SF/Yr
      6,020 SF

      Retail Space in Fort Dodge

      Prime retail space in high-traffic area near major retailers.
      217 South 25Th St, Fort Dodge, IA 50501
      View Details
    View Listing
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    Fort Dodge, IA 50501
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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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