Highway Frontage Storage
2049 Hwy 86 Milford, IA 51351
2049 Hwy 86, Milford, IA, 51351
$339,000
For Sale
$339,000
COMMERCIAL - Milford, IA
Property Size2,304 SF
Price / SF$147.14
Days on Market109
Property Features for 2049 Hwy 86
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 06-35-177-034
- Size
- 2,304 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- UNIT 3-12 STONES THROW STORAGE CONDOMINIUM & UNIT 3-13 STONES THROW STORAGE CONDOMINIUM
- Tax Annual Amount
- 1868
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2022
- Building materials
- Metal Siding
- Roof type
- Metal
Listing Agency
Jensen Real Estate
(712) 332-8081
PO Box 721, Arnolds Park, IA
Listed by
Michael Jensen · License #B58673
(712) 320-7245
Added: Apr 1 Checked: Jul 17 at 11:06 pm
MLS# 260208
Copyright © 2026 Iowa Great Lakes Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 48' x 48' storage condo offers highway frontage. Currently configured as a high-end detail shop, the unit includes upgrades such as a loft, a full bathroom, a forced-air natural gas furnace with exposed ductwork, and epoxy floors. It features two 14' x 14' overhead doors and 16' sidewalls, providing space and flexibility. The property is located in Milford, Iowa.
Key Highlights
- Unbeatable Highway 86 frontage for high visibility.
- Large 48' x 48' double unit provides ample space.
- Two massive 14' x 14' overhead doors offer easy access.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $43.7k | $18.96 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $42.5k | $18.47 |
| − OpEx | −$12.8k | −$5.54 |
| NOI | $29.8k | $12.93 |
2,304 SF · lease $18.96/SF/yr · vacancy 2.60% · expense 30.00%
Alternative Uses
Best Use
Retail
$425.5K
$372.3K – $496.4K
NOI $29,784 @ 7.0% cap · market cap 8.79%
Second Best
Self Storage
$278.3K
$243.5K – $324.7K
NOI $19,479 @ 7.0% cap · market cap 5.75%
Theoretical Best
Office A
$504.0K
$441.0K – $588.0K
NOI $35,279 @ 7.0% cap · market cap 10.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - 48' x 48' storage condo with Highway 86 frontage.
Where is this self storage facility located?
The property is located at 2049 Hwy 86 Milford, IA.
What is the asking price?
The asking price for this property is $339,000.
What are key features of this property?
This property features: Unbeatable Highway 86 frontage for high visibility.; Large 48' x 48' double unit provides ample space.; Two massive 14' x 14' overhead doors offer easy access.
