Spacious Storage Unit Near
701 240th Avenue Arnolds Park, IA 51331
For Sale
$350,000
COMMERCIAL - Arnolds Park, IA
Property Size3,500 SF
Price / SF$100
Days on Market455
Property Features for 701 240th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
0729478012
Size
3,500 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 30 at 12:06AM
MLS# 250485
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 3,500 sq ft storage unit is located minutes from the lake. The unit includes heat, electricity, and stubbed-in water and plumbing. It features two 14-foot high overhead doors, each with access from different points, suitable for drive-through convenience, RVs, boats, or large equipment. The unit offers space, accessibility, and year-round functionality. It is located in Arnolds Park, Iowa.
Key Highlights
- Spacious 3,500 sq ft storage unit.
- Equipped with heat and electricity for year‑round functionality.
- Stubbed‑in water and plumbing offer potential for customization.
Financial Insights For Warehouse
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 | $24.4k | $6.96 |
| − Vacancy | −$1.7k | −$0.49 |
| EGI | $22.7k | $6.47 |
| − OpEx | −$3.4k | −$0.97 |
| NOI | $19.3k | $5.50 |
3,500 SF · lease $6.96/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$275.1K
$240.7K – $321.0K
NOI $19,257 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$226.5K
$198.2K – $264.3K
NOI $15,858 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$765.6K
$669.9K – $893.2K
NOI $53,592 @ 7.0% cap · market cap 15.31%
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?
Warehouse - 3,500 sq ft storage unit near the lake.
Where is this warehouse located?
The property is located at 701 240th Avenue Arnolds Park, IA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Spacious 3,500 sq ft storage unit.; Equipped with heat and electricity for year‑round functionality.; Stubbed‑in water and plumbing offer potential for customization.
