Brand-New Storage Unit with
616 17th St SE Unit #13 Orange City, IA 51041
For Sale
$159,000
COMMERCIAL - Orange City, IA
Property Size1,620 SF
Price / SF$98.15
Days on Market159
Property Features for 616 17th St SE Unit #13
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax Description
to be created
Building Details
Year built
2026
Roof type
Metal
Listing Agency:
Real Broker, LLC
(515) 305-2577
Listed By:
Klayton Wielenga
(712) 441-3813
Added: Feb 20
Changed: Jul 29
Last Checked: Jul 29 at 12:06PM
MLS# 831886
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 brand-new 30x54 storage unit is built for flexible, everyday use and includes a 16-foot ceiling and a 14-foot overhead door for larger vehicles and equipment. The interior features clean white tin finishes and is equipped with an electric furnace, an AC-ready setup, and a robust 200-amp electrical panel. A bathroom with a toilet and shop sink adds convenient functionality on site.
The unit is located within an HOA. The listed HOA fee covers snow removal, lawn mowing, exterior insurance, and garbage service. Water and sewer are provided by Orange City Municipal Utilities, and electricity is provided through MidAmerican Energy with no gas service to the property.
As a standalone storage space, it offers a purpose-built interior with electrical and climate-ready infrastructure, plus direct access via the overhead door and practical bathroom amenities.
The unit is located within an HOA. The listed HOA fee covers snow removal, lawn mowing, exterior insurance, and garbage service. Water and sewer are provided by Orange City Municipal Utilities, and electricity is provided through MidAmerican Energy with no gas service to the property.
As a standalone storage space, it offers a purpose-built interior with electrical and climate-ready infrastructure, plus direct access via the overhead door and practical bathroom amenities.
Key Highlights
- Brand‑new 30x54 storage unit built in 2026 with metal roof
- 16' ceiling and 14' overhead door for large vehicles, equipment, or workshop setups
- Electric furnace, AC‑ready setup, and 200‑amp electrical panel for power and climate options
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 | $21.4k | $13.20 |
| − Vacancy | −$1.7k | −$1.06 |
| EGI | $19.7k | $12.14 |
| − OpEx | −$5.9k | −$3.64 |
| NOI | $13.8k | $8.50 |
1,620 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$196.7K
$172.1K – $229.5K
NOI $13,771 @ 7.0% cap · market cap 8.66%
Second Best
Warehouse
$169.5K
$148.3K – $197.8K
NOI $11,866 @ 7.0% cap · market cap 7.46%
Theoretical Best
Office A
$337.5K
$295.3K – $393.7K
NOI $23,623 @ 7.0% cap · market cap 14.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Flex space - Brand-new 30x54 storage unit features a 16-foot ceiling, 14-foot overhead door, and in-unit bathroom.
Where is this flex space located?
The property is located at 616 17th St SE Unit #13 Orange City, IA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: Brand‑new 30x54 storage unit built in 2026 with metal roof; 16' ceiling and 14' overhead door for large vehicles, equipment, or workshop setups; Electric furnace, AC‑ready setup, and 200‑amp electrical panel for power and climate options
