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Property profile & analytics
OFF-MARKET
Estimated value
$16,210,000
Retail space
3450 4th SW St Mason City, IA 50401-1501
Individually Owned
5-yr Hold
Free & Clear
Property ID
US25-1192927
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Total area
173,295 SF
Lot
16.06 ac (699,574 SF)
APN
70710002400
UPID
US25-1192927
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Daniel C. Wahl, Pharm Pharmacy
-
Melinda K. Penfold, Pharm Pharmacy
-
Target Grocery Grocery & Convenience Store Food Market
-
Gus T. Erickson, RPh Pharmacy
-
CDReload Instant Bitcoin Crypto Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$20.61M
Comparable Approach
Comparable
$16.15M
Blend (final)
Blend
$16.21M
Owner & transaction history
R Michal Johnson · 5 yrs held
R Michal Johnson
since 2021
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$15.5M
+37.2%
Industrial (general)
$13.5M
+20.1%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Mason City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mason City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$22,320,000
6.5%
$20,605,000
7%
$19,130,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,265,000
Current use
RESTAURANT
$15,455,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$13,530,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$11,120,000
Change: -1% · Conversion: Easy
WAREHOUSE, STORAGE
$10,065,000
Change: -11% · Conversion: Difficult
Blend value · Realmo final
$16.21M
Range $14.59M – $17.83M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$94 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$335,442
Tax year 2022
Assessed value
$12,283,470
Assessed 2024
Previous assessed
$11,279,290
+8.9% YoY
Effective rate
2.73%
On assessed value
Assessed land
$2,018,280
Assessed improvement
$10,265,190
Land market value
$2,018,280
Improvement market value
$10,265,190
Total market value
$12,283,470
Applied tax rate
1,001.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1992
Heating
NONE
Stories
1
Total area
173,295 SF
Lot
16.06 ac (699,574 SF)
APN
70710002400
UPID
US25-1192927
Jurisdiction
CERRO GORDO
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.3M
RESTAURANT
Est. value
$15.5M
INDUSTRIAL (GENERAL)
Est. value
$13.5M
OFFICE BUILDING
Est. value
$11.1M
WAREHOUSE, STORAGE
Est. value
$10.1M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1992
Heating
NONE
Stories
1
Lot
16.06 ac
Current owner
From public records · entity-resolved
R Michal Johnson
Individual
Free & Clear · 5 yrs held
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 1, 2021
—
R Michal Johnson
Kc3 Holdings LLC
Warranty Deed
—
Dec 2, 2015
$2,000,000
Mason City Shopping Center LLC
Abcm Corp
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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