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    Arnolds Park Duplex with Upgrades Title is generated by Realmo AI

    416 Emerald Dr., Arnolds Park, IA 51331

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    Pending
    $389,000

    DUPLEX - Ranch - Arnolds Park, IA

    Type:Single Family Residence
    Property size:
    1,424 SF
    Lot size:
    0.14 Acres
    Added:
    May 1, 2026
    Days on Market:
    27
    Last Refresh:
    May 27 at 5:06 pm

    Property Features for 416 Emerald Dr.

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Single Family Residence
    Bedrooms
    2
    Bathrooms
    2
    Rooms
    Bathroom 2, Bedroom 2, Bedroom 1, Bathroom 1
    Patio and Porch features
    Patio
    Interior features
    Ceiling Fan(s), Eat-in Kitchen, Garage Door Opener, Kitchen Center Island, Main Floor Bedrooms, Main Floor Laundry, Natural Woodwork, Smoke Alarms, Vaulted Ceilings, Washer/Dryer Hkups, Window Coverings
    Exterior features
    Driveway-Asphalt, In-Grnd Sprklr Sys, Patio, Tennis Court(s)
    Fireplace
    1
    Basement
    Concrete
    Appliances
    Cooktop, Dishwasher, Disposal, Microwave, Range/Stove, Refrigerator
    Standard status
    Pending
    APN
    07-30-408-023
    Size
    1,424 SF
    Lot size
    0.14 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    W'LY PT LOT 23 AKA PAR "C" NORTH EMERALD HILLS. Exact Legal Description Per Abstract and Warranty Deed
    Tax Annual Amount
    2418

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    1996
    Floors in Building
    1
    Building materials
    Brick
    Roof type
    Asphalt
    Architectural style
    Ranch

    We can help!

    Listing Contact
    Will Kretsinger
    Will Kretsinger

    Listing agent Will Kretsinger License #S60894

    Listing office RE/MAX Lakes Realty 272 Hwy 71 PO Box 427, Spirit Lake, IA

    Listing date May 1, 2026

    MLS# 260400 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.

    HighLights

    • Prime location: Enjoy a short walk or bike ride to Okoboji's restaurants, attractions, and entertainment.
    • Access to a heated pool and Emerald Hills Golf Course with low association dues.
    • Well‑maintained 2‑bedroom, 2‑bath duplex with open floor plan.
    • Features a sunroom and cozy fireplace.
    • Recent upgrades: epoxy flooring in garage, irrigation, and professionally lighted landscaping.
    • Located in the quiet and desirable North Emerald Hills neighborhood.

    Overview

    Located in the North Emerald Hills neighborhood of Okoboji, this duplex offers access to a heated pool and the Emerald Hills Golf Course with low association dues. The property is within walking or biking distance of restaurants, attractions, and entertainment venues. This well-maintained duplex features 2 bedrooms and 2 bathrooms. The floor plan is open, with a sunroom and a fireplace. Recent upgrades include epoxy flooring in the garage, irrigation, and professionally lighted landscaping. The lot size is 0.1406 acres. The property size is 1424 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Duplexes

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon Department Store Kitchen & Bath Showroom

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arnolds Park
    County
    Dickinson
    State
    Iowa
    Longitude
    -95.1403174
    Latitude
    43.3604752

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    FAQs

    What type of property is this?
    Duplex - Well-maintained duplex in desirable neighborhood, close to amenities.
    Where is this duplex located?
    The property is located at 416 Emerald Dr. Arnolds Park, IA.
    What is the asking price?
    The asking price for this property is $389,000.
    What are key features of this property?
    This property features: Prime location: Enjoy a short walk or bike ride to Okoboji's restaurants, attractions, and entertainment.; Access to a heated pool and Emerald Hills Golf Course with low association dues.; Well‑maintained 2‑bedroom, 2‑bath duplex with open floor plan.
    (712) 301-4040
    We can help!
    Listing Contact
    Will Kretsinger
    Will Kretsinger
    Real Estate License ID: S60894
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    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.

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