Technical
Financial
Distress signals
Property profile

565 Illinois Ave Mason City, IA 50401

OFF-MARKET
Retail space
Property ID
US25-0549509
9,975 SF 0.6 ac lot Built 1998
Individually Owned 5-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1998
Construction FRAME
Total area 9,975 SF
Lot 0.6 ac (26,136 SF)
APN 71140103500
UPID US25-0549509

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Grocery & Convenience Store Food Market

Location

565 Illinois Ave Mason City, IA 50401-4441
Mason City metro Census 951400 MASON CITY, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.16M
CAP Approach CAP
$1.19M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.11M

Owner & transaction history

since 2021
Last sale
$1.3M
1 recorded transaction
2021
$1.3M

Zoning & alternative use

Top alternative use upside
Restaurant $890,000 +37.2%
Industrial (general) $780,000 +20.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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