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Property profile & analytics
FOR SALE
Retail space
4850 4Th St SW, Mason City, IA 50401
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0566222
For Sale
1 / 3
$1,915,000
4850 4Th St SW, Mason City, IA 50401
View Listing →
Property summary
AI-generated overview
This exceptional commercial development opportunity in Mason City, Iowa, presents multiple parcels of land ideally suited for a variety of commercial ventures. Located at 4850 4th St SW, Mason City, IA 50401 (also accessible via 4th St SW & Lark Ave), this property in Cerro Gordo County offers significant advantages. The available lots range in size from 1.95 to 6.27 acres, providing flexibility for various project scales. Zoned Z4, these parcels boast convenient access to essential utilities, including gas, telephone, and sanitary sewer hookups situated along the property's frontage. The high traffic volume of nearby Highway 122 (18,200 vehicles per day) and Eisenhower Avenue (8,600 vehicles per day) ensures excellent visibility and accessibility for any commercial development. Furthermore, the area benefits from a large, skilled workforce, making it an attractive location for businesses seeking a robust labor pool. Special reduced pricing options are available in conjunction with Henkel Construction Company, and financial incentives are also available. Individual lot pricing varies
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2001
Construction
FRAME
Total area
18,739 SF
Lot
2.03 ac (88,427 SF)
APN
61215200800
UPID
US25-0566222
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
-
Decker Sporting Goods (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.23M
Comparable Approach
Comparable
$2.09M
Blend (final)
Blend
$1.92M
Owner & transaction history
C&l Investments Lc · 8 yrs held
C&l Investments Lc
since 2017
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$1.7M
+37.2%
Industrial (general)
$1.5M
+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%
$2,415,000
6.5%
$2,230,000
7%
$2,070,000
Alternative Use
Use
Estimation
RETAIL STORES
$1,220,000
Current use
RESTAURANT
$1,670,000
Change: +37% · Conversion: Easy
INDUSTRIAL (GENERAL)
$1,465,000
Change: +20% · Conversion: Difficult
OFFICE BUILDING
$1,205,000
Change: -1% · Conversion: Easy
Blend value · Realmo final
$1.92M
Range $1.72M – $2.11M · ±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
$102 / 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
$51,004
Tax year 2022
Assessed value
$1,858,950
Assessed 2024
Previous assessed
$1,858,950
+0.0% YoY
Effective rate
2.74%
On assessed value
Assessed land
$685,410
Assessed improvement
$1,173,540
Land market value
$685,410
Improvement market value
$1,173,540
Total market value
$1,858,950
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
For Sale
Year built
2001
Construction
FRAME
Heating
NONE
Stories
1
Total area
18,739 SF
Lot
2.03 ac (88,427 SF)
APN
61215200800
UPID
US25-0566222
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
$1.2M
RESTAURANT
Est. value
$1.7M
INDUSTRIAL (GENERAL)
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.2M
RETAIL STORES Current
RESTAURANT
INDUSTRIAL (GENERAL)
OFFICE BUILDING
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
2001
Construction
FRAME
Heating
NONE
Stories
1
Lot
2.03 ac
Current owner
From public records · entity-resolved
C&l Investments Lc
Entity
Mailing address
4 CREEKSIDE CT, MASON CITY, IA 50401-8913
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Jul 20, 2017
—
C&l Investments Lc
—
Deed
related
$700,837 · Barry D Cory
Jul 14, 2017
—
C&l Investment Lc
—
Deed
related
$233,612 · Nsb Bank
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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