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

    2606 1st S Ave Fort Dodge, IA 50501-4381

    • Office buildings
    • 8,296 SF
    • 0.58 lot acres
    OFF-MARKET
    Value Estimations
    $750,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0464091
    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

    • Office buildings

    Property Details for 2606 1st S Ave

    Year built
    1975
    Construction
    STEEL FRAME
    Lot size
    0.58 lot acres
    Property size
    8,296 SF
    Property type
    Office buildings
    APN
    721326011
    APU
    721326011

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $685,000
      Market price range: $341k - $1.12M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $670,000
      Current use
      COMMERCIAL (GENERAL)
      $710,000
      Change: +6% Conversion: Easy
      RESTAURANT
      $695,000
      Change: +4% Conversion: Moderate
      MEDICAL BUILDING
      $605,000
      Change: -9% Conversion: Easy
      WAREHOUSE, STORAGE
      $595,000
      Change: -11% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fort Dodge
    County
    Webster
    State
    Iowa
    Longitude
    -94.1614
    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
    2022
    $16,732
    $125,800
    $443,310
    $569,110
    -
    $125,800
    $443,310
    $569,110

    Comparable in this City

    • Value Estimation by Request
      225 SF

      Fort

      OFFICE BUILDING • 225 SF
      Fort, Dodge, IA 50501
      View Details
    • Value Estimation by Request
      2,310 SF

      224 8th St

      OFFICE BUILDING • 2,310 SF
      224 8th St, Fort Dodge, IA 50501-4656
      View Details
    • Value Estimation by Request
      3,756 SF

      809 Central Ave

      OFFICE BUILDING • 3,756 SF
      809 Central Ave, Fort Dodge, IA 50501-3936
      View Details
    • Value Estimation by Request
      3,012 SF

      1442 23rd St

      OFFICE BUILDING • 3,012 SF
      1442 23rd St, Fort Dodge, IA 50501-6145
      View Details
    • Value Estimation by Request
      8,280 SF

      910 1st N Ave

      PROFESSIONAL BUILDING • 8,280 SF
      910 1st N Ave, Fort Dodge, IA 50501-3908
      View Details
    • Value Estimation by Request
      2,100 SF

      522 22nd St

      OFFICE BUILDING • 2,100 SF
      522 22nd St, Fort Dodge, IA 50501-5429
      View Details

    Similar Nearby for Sale

    • $325,000
      25,751 SF

      Fort Dodge Office Building

      Office building available for lease or sale in Fort Dodge.
      2827 8Th Ave S, Fort Dodge, IA 50501
      View Details
    • $379,000
      2,276 SF

      Quality Built Office Building

      Office building featuring reception, private offices, conference room, and full basement.
      806-808 1St Ave South, Fort Dodge, IA 50501
      View Details
    • $499,000
      6,088 SF

      Two-Story Office Building For Sale

      Two-story office building in Fort Dodge, Iowa available for purchase.
      625 L St, Fort Dodge, IA 50501
      View Details
    • Contact for pricing
      30.98 Acres

      Corridor Plaza: Prime Redevelopment Land

      30+ Acres, Mixed-Use Development Opportunity in Fort Dodge, IA
      217 25Th St, Fort Dodge, IA 50501
      View Details
    • New
      $349,500
      14,700 SF

      Versatile Fort Dodge Commercial Property

      14,700 SF commercial building suitable for various business uses.
      131 Central Ave, Fort Dodge, IA 50501
      View Details
    • $250,000
      2,037 SF

      High-Visibility Commercial Property in Fort Dodge

      Commercial property with high visibility at a busy Fort Dodge intersection.
      4 N 15Th St, Fort Dodge, IA 50501
      View Details

    Similar Nearby for Lease

    • $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
    • $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
    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.
    2606 1st S Ave
    Fort Dodge, IA 50501-4381
    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.