Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    249 242 Ave, Unit 8 Arnolds Park, IA 51331

    Sponsored
    Picture of Self storage facilities at 242 Ave 249, Arnolds Park, IA
    For Sale
    $49,800

    Other - Arnolds Park, IA

    Property size:
    560 SF
    Days on Market:
    17
    Last Refresh:
    Jan 30 at 9:06 pm

    Property Features for 249 242 Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    0721353008
    Parking
    1
    Parking features
    Driveway
    Size
    560 SF

    Building Details

    Year built
    2016
    Architectural style
    Other

    We can help!

    Listing Contact
    Aaron Jones
    Aaron Jones

    RE/MAX Lakes Realty (712) 336-4967

    Listing agent Aaron Jones (712) 336-4967 License #B61252

    Listing date Jan 14, 2026

    MLS# 251616 Listing URL

    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.

    Learn more

    Property Insight Report

    Overview

    Arnolds Park Cold Storage Unit

    This property is a 560-square-foot cold storage unit situated in Arnolds Park, Iowa. The unit, measuring 14x40, features a 12x12 overhead door. It is located on the County Road at Bridges Bay, offering convenient access.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Arnolds Park
    County
    Dickinson
    State
    Iowa
    Longitude
    -95.1073148
    Latitude
    43.3717088

    Nearby Similar for Sale

    • $350,000
      3,500 SF

      Spacious Storage Unit Near Lake

      3,500 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      1,750 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $375,000
      3,500 SF

      Spacious Storage Unit Near Lake

      3,500 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      Large storage unit with heat, electricity, and stubbed-in plumbing.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      1,750 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $350,000
      3,500 SF

      Spacious Storage Unit Near Lake

      3,500 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $375,000
      3,500 SF

      Spacious Storage Unit Near Lake

      3,500 sq ft storage unit with heat and bathroom.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      1,750 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit

      1,750 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      Large storage unit with heat, electricity, and plumbing near water.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $379,900
      863 SF

      Okoboji Resort Cabin on Pond

      Updated, fully furnished resort cabin with income potential and amenities.
      290 240Th Ave, Arnolds Park, IA 51331
      View Details
    • Contact for pricing

      Arnolds Park Cold Storage Unit

      12x24 cold storage unit near Bridges Bay Resort.
      776 Linden Dr, Arnolds Park, IA 51331
      View Details

    FAQs

    What type of property is this?
    Self storage facility - 14x40 cold storage unit with overhead door, easy access.
    Where is this self storage facility located?
    The property is located at 249 242 Ave, Unit 8 Arnolds Park, IA.
    What is the asking price?
    The asking price for this property is $49,800.
    What are key features of this property?
    This property features: - 14x40 cold storage unit offers ample space.; - Located at Bridges Bay on the County Road for convenience.; - Easy access in and out.
    (712) 336-4967
    Request Owner's contact information
    249 242 Ave, Unit 8 Arnolds Park, IA 51331
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    249 242 Ave, Unit 8
    Arnolds Park, IA 51331
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    249 242 Ave, Unit 8 Arnolds Park, IA 51331
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Aaron Jones
    Aaron Jones
    Real Estate License ID: B61252
    (712) 336-4967
    Learn more
    Google sign-in failed. Please try again or use another login method.