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Financial
Distress signals
Property profile

2471 4Th St SW Mason City, IA 50401

FOR LEASE
Retail space
Property ID
US25-0678322
4,000 SF 0.8 ac lot Built 1988
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

A freestanding retail building located along Highway 122 (4th Street Southwest) in Mason City, on the city’s primary east/west retail corridor. The property has frontage that supports visibility and includes pylon signage, dual points of ingress/egress, and a drive-in door for loading. Zoning is described as flexible, and the building is positioned across the street from a Hy-Vee-anchored retail center and just east of other major retailers including Fleet Farm, Target, and Menards. The Mercy…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$10k
Tax billed · 2022
Assessed value · 2024$434k
Assessed land$195k
Assessed improvement$239k
Effective rate2.39%

Value estimate

· Oct 2026
$355k
$320k – $391k
NOI build-up
Gross scheduled income$40k
Vacancy & credit loss−$5k
Operating expenses−$12k
NOI · 151,920.00% cap applied$23k

Realmo valuation models over county records and 3 qualifying comparable sales.

Recently sold

What actually traded nearby?
$65/SF
ZIP average, outlier-cleaned · 25 recorded sales of this use type
Observed band · Q1–Q3$23 – $111
Qualifying comparables3

Cap rate analysis

How does the asset earn?
151,920.00%
$23k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionCERRO GORDO

Location intelligence

Which uses thrive at this corner?
Best fit: Realty agency
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Realty agency17.5
Law Firm17.4
Parking Facility12.2

Location

2471 4Th St SW Mason City, IA 50401
County assessor Recorded deeds · not on file 3 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
207 6th SW, Mason City, IA 50401-5003 $150,000 Jul 2024 3,366 SF
22 2nd NE, Mason City, IA 50401-3308 $232,000 Jun 2024 3,066 SF
26 2nd NE, Mason City, IA 50401 $232,000 Jun 2024 3,066 SF
28 2nd NE, Mason City, IA 50401-3308 $348,000 Jun 2024 3,066 SF
1303 4th SW, Mason City, IA 50401-2735 $28,500 Apr 2024 3,600 SF
1302 Federal, Mason City, IA 50401-1240 $15,000 Oct 2023 3,110 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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