Under-Construction Flex Warehouse
2363 2nd Ave NE Sioux Center, IA 51250
For Sale
$150,000
COMMERCIAL - Sioux Center, IA
Property Size1,600 SF
Lot Size1.55 Acres
Price / SF$93.75
Days on Market269
Property Features for 2363 2nd Ave NE
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 1028302002
- Lot size
- 1.55 Acres
Taxes and HOA fees
- Tax Year
- 2022
- Tax Description
- L 2 HIGHWAY COMMERCIAL PARK - SECOND ADD
- Tax Annual Amount
- 130
Utilities
- Heating system
- Forced Air
Building Details
- Year built
- 2024
- Roof type
- Metal
Listing Agency:
Hilt Real Estate Inc
(712) 722-0707
Listed By:
Rachel Hoogeveen · License #S58404
(712) 441-5100
Added: Oct 29, 2025
Changed: Jul 10
Last Checked: Jul 24 at 5:06PM
MLS# 830829
Copyright © 2026 Northwest Iowa Regional 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 for-sale flex warehouse unit is under construction on a south addition and is being built as a personal-use style space adaptable to multiple uses. The proposed configuration for Unit #12 includes 16-foot sidewalls and a 14-foot by 14-foot overhead door, with electric heat and AC planned. The unit is stubbed for a toilet and sink, and it also includes keyless entry and high-speed internet/Cat6.
Unit #12 is set up with side entry doors that could allow the space to be split or used with a dedicated office and shop-style entrance. Water is stubbed in two separate locations. The addition is located within an overall 1.55-acre site, and additional ground may be available to accommodate more parking, subject to buyer purchase and all upgrades priced at the buyer’s expense.
An association fee of $50 per month applies to the property.
Unit #12 is set up with side entry doors that could allow the space to be split or used with a dedicated office and shop-style entrance. Water is stubbed in two separate locations. The addition is located within an overall 1.55-acre site, and additional ground may be available to accommodate more parking, subject to buyer purchase and all upgrades priced at the buyer’s expense.
An association fee of $50 per month applies to the property.
Key Highlights
- Under construction personal use warehouse (Unit #12): 32' x 50' with 16' sidewalls
- Unit #12 includes a 14' x 14' overhead door and side entry doors that could allow for a split layout or office/shop entrance
- New construction features: forced air heating and metal roof
Financial Insights For Self Storage
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 | $21.1k | $13.20 |
| − Vacancy | −$1.7k | −$1.06 |
| EGI | $19.4k | $12.14 |
| − OpEx | −$5.8k | −$3.64 |
| NOI | $13.6k | $8.50 |
1,600 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$194.3K
$170.0K – $226.7K
NOI $13,601 @ 7.0% cap · market cap 9.07%
Second Best
Warehouse
$167.4K
$146.5K – $195.3K
NOI $11,720 @ 7.0% cap · market cap 7.81%
Theoretical Best
Office A
$333.3K
$291.6K – $388.9K
NOI $23,331 @ 7.0% cap · market cap 15.55%
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
FAQs
What type of property is this?
Self storage facility - Flex warehouse unit is under construction with 16-foot sidewalls, a 14-by-14 overhead door, and stubbed plumbing.
Where is this self storage facility located?
The property is located at 2363 2nd Ave NE Sioux Center, IA.
What is the asking price?
The asking price for this property is $150,000.
What are key features of this property?
This property features: Under construction personal use warehouse (Unit #12): 32' x 50' with 16' sidewalls; Unit #12 includes a 14' x 14' overhead door and side entry doors that could allow for a split layout or office/shop entrance; New construction features: forced air heating and metal roof
