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Financial
Distress signals
Property profile

30 E State St Mason City, IA 50401

FOR SALE
Turn key restaurants
Property ID
US25-0663194
6,888 SF 0.09 ac lot Built 1840
Last sale Apr 2022 · $175,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Absentee Owner Owner mailing address differs from the property address. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

A two-story commercial building located in a downtown area, with the main level previously remodeled (2022) for restaurant and bar use. The main level includes features for indoor-outdoor integration, including overhead doors intended to open to the exterior during warmer seasons. The lower level provides storage space. The upper level is cleared and configured as a blank space for potential renovation or redevelopment. Interior improvements associated with prior restaurant operations—including…

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?
$2k
Tax billed · 2022
Assessed value · 2024$211k
Assessed land$24k
Assessed improvement$187k
Effective rate1.15%

Value estimate

· Oct 2026
$180k
$162k – $198k
AI approach$115k
NOI build-up
Gross scheduled income$155k
Vacancy & credit loss−$12k
Operating expenses−$36k
NOI · 36.00% cap applied$107k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$89/SF
County average, outlier-cleaned · 20 recorded sales of this use type
Observed band · Q1–Q3$23 – $149

Cap rate analysis

How does the asset earn?
36.00%
$107k 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 agency15.2
Dental Office14.4
Convenience Store11.3

Location

30 E State St Mason City, IA 50401
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file 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
152 5th SW, Mason City, IA 50401-3844 $250,000 Feb 2025 12,038 SF
2960 4th SW, Mason City, IA 50401-1531 $600,000 Oct 2024 5,858 SF
207 6th SW, Mason City, IA 50401-5003 $150,000 Jul 2024 3,366 SF
1617 Federal, Mason City, IA 50401-5750 $45,000 Jun 2024 6,514 SF
22 2nd NE, Mason City, IA 50401-3308 $232,000 Jun 2024 3,066 SF
1303 4th SW, Mason City, IA 50401-2735 $28,500 Apr 2024 3,600 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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