511 32nd St Fort Dodge, IA 50501-6411
Property profile & analytics
511 32nd St Fort Dodge, IA 50501-6411
- Turn key restaurants
- 5,342 SF
- 1.83 lot acres
Property ID
US25-1164493
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.
Location Intelligence
Current Use by Public Records
- Perkins Restaurant & Bakery / Restaurant
Property Details for 511 32nd St
- Year built
- 2012
- Lot size
- 1.83 lot acres
- Property size
- 5,342 SF
- Property type
- Turn key restaurants
- APN
- 728227033
- APU
- 728227033
Description
This exceptional investment opportunity presents a single-tenant, 5,342 square foot restaurant located at 511 South 32nd Street, Fort Dodge, Iowa. The property boasts a strong 7.25% cap rate, generating a net operating income (NOI) of $157,812. Secured by an absolute NNN lease with a prominent, growing restaurant operator, the lease has approximately 8 years remaining on a 20.3-year term, expiring October 31, 2032. The lease commenced August 1, 2012, and includes annual rent increases. Situated on a 1.83-acre lot, this single-story, 2012-built structure is zoned for commercial use and features a membrane roof. The property's asking price is $2,176,717, translating to $445.53 per square foot. Annual property taxes are $31,688. This is a stabilized investment with 100% occupancy, offering a secure and lucrative return for the discerning investor. The property's location in Fort Dodge, Webster County, Iowa (zip code 50501) provides excellent access and visibility.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $647,000
Market price range: $298k - $648k -
Alternative Use
- Use
- Estimation
- RESTAURANT
- $445,000 Current use
- COMMERCIAL (GENERAL)
- $455,000 Change: +2% Conversion: Easy
- OFFICE BUILDING
- $430,000 Change: -4% Conversion: Moderate
- MEDICAL BUILDING
- $390,000 Change: -13% Conversion: Difficult
- WAREHOUSE, STORAGE
- $385,000 Change: -14% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Fort Dodge
- County
- Webster
- State
- Iowa
- Longitude
- -94.1489
- Latitude
- 42.5002
- 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
$40,506
$176,880
$1,117,860
$1,294,740
-
$176,880
$1,117,860
$1,294,740
