Arnolds Park Storage
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 Market454
Property Features for 701 240th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
0729478012
Size
1,750 SF
Taxes and HOA fees
Tax Year
2023
Tax Description
Contact agent
Utilities
Sewer type
Public Sewer
Heating system
Radiant
Water source
Public
Building Details
Year built
1994
Building materials
Metal Siding
Roof type
Metal
Listing Agency:
Keller Williams Okoboji
(712) 340-7900
Listed By:
George Carlson · License #S70587
(712) 320-4994
Added: May 2, 2025
Changed: Jun 15
Last Checked: Jul 29 at 11:06PM
MLS# 250481
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.
Investment Insights
Based on property information with market context.
This commercial property in Arnolds Park, Iowa, offers a 1,750 sq ft storage unit. The space includes heat and electricity, with stubbed-in water and plumbing. It features 14-foot high overhead doors, suitable for large vehicles, boats, or RVs. The unit is located close to the water and offers potential for storage or workshop use.
Key Highlights
- Large 1,750 sq ft storage unit.
- Convenient location close to the water.
- 14‑foot high overhead doors for easy access.
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
Industrial
$113.3K
$99.1K – $132.2K
NOI $7,929 @ 7.0% cap · market cap 4.29%
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 heat, electricity, 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: Large 1,750 sq ft storage unit.; Convenient location close to the water.; 14‑foot high overhead doors for easy access.
