Heated Storage Warehouse
701 240th Avenue Arnolds Park, IA 51331
For Sale
$185,000
COMMERCIAL - Arnolds Park, IA
Property Size1,750 SF
Price / SF$105.71
Days on Market434
Property Features for 701 240th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
0729478012
Taxes and HOA fees
Tax Year
2023
Tax Description
Contact agent
Building Details
Year built
1994
Listing Agency:
Keller Williams Okoboji
(712) 336-1240
Listed By:
Brandon Visser
(712) 578-9264
Added: May 22, 2025
Changed: Jul 22
Last Checked: Jul 29 at 7:06PM
MLS# 828798
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 property is a large storage warehouse unit measuring 1,750 square feet. The space is equipped with heat and electricity, and it also includes stubbed-in water and plumbing. Access is provided by a 14-foot high overhead door designed for convenient entry with larger vehicles.
The unit is located at 701 240th Avenue in Arnolds Park, Iowa, near the water.
With its combination of overhead access and utility support for water and plumbing, the unit offers a flexible layout for storage and workspace customization based on an owner’s or tenant’s needs.
The unit is located at 701 240th Avenue in Arnolds Park, Iowa, near the water.
With its combination of overhead access and utility support for water and plumbing, the unit offers a flexible layout for storage and workspace customization based on an owner’s or tenant’s needs.
Key Highlights
- 1,750 SF storage unit built in 1994
- Includes 14‑ft high overhead doors for easy access with large vehicles, boats, or RVs
- Unit has heat and electricity
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 | $23.1k | $13.20 |
| − Vacancy | −$2.0k | −$1.12 |
| EGI | $21.1k | $12.08 |
| − OpEx | −$6.3k | −$3.62 |
| NOI | $14.8k | $8.45 |
1,750 SF · lease $13.20/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$211.4K
$185.0K – $246.6K
NOI $14,796 @ 7.0% cap · market cap 8.00%
Second Best
Warehouse
$137.5K
$120.4K – $160.5K
NOI $9,628 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$382.8K
$335.0K – $446.6K
NOI $26,796 @ 7.0% cap · market cap 14.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Large storage unit with 14-foot overhead doors and utilities including heat, electricity, and stubbed-in water and plumbing.
Where is this self storage facility located?
The property is located at 701 240th Avenue Arnolds Park, IA.
What is the asking price?
The asking price for this property is $185,000.
What are key features of this property?
This property features: 1,750 SF storage unit built in 1994; Includes 14‑ft high overhead doors for easy access with large vehicles, boats, or RVs; Unit has heat and electricity
