Property profile

615 Federal Ave Mason City, IA 50401

OFF-MARKET
Gas stations
Property ID
US25-0693005
1,680 SF 0.63 ac lot Built 1969
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 8,461-square-foot retail property, located at 615 N Federal Ave in Mason City, Iowa, presents a compelling investment opportunity. Currently configured as an auto shop, the building offers significant versatility and potential for various uses. Constructed in phases (1969 and 1976), the property sits on a 0.63-acre lot, providing ample parking and space for operations. The building features six overhead doors, ideal for vehicle access and storage, along with two restrooms and extensive storage areas. The asking price is $299,000, translating to a price per square foot of $35.34. Its location in Cerro Gordo County, Iowa, zip code 50401, ensures high visibility and accessibility. The property's substantial size and functional layout make it suitable for a range of businesses, offering a strong return on investment for the discerning buyer. This is a rare opportunity to acquire a well-established property with significant potential in a thriving community. The property's existing infrastructure and ample space provide a solid foundation for immediate occupancy or future expansion. Don't miss this chance to own a piece of Mason City's commercial landscape.

Property profile

Verified
Property type Gas stations
Use group SERVICE STATION (FULL SERVICE)
Year built 1969
Total area 1,680 SF
Lot 0.63 ac (27,225 SF)
APN 70335104800
UPID US25-0693005

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
  • Car Dealership

Location

615 Federal Ave Mason City, IA 50401-7019
Mason City metro Census 950102 MASON CITY, IA MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$220k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$220k

Owner & transaction history

since 2025
2 recorded transactions
2025
$200,000
2014
$115,000

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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