Building Details

Year built 2013

Roof type Metal

Listing Agency: Keller Williams Okoboji · Keller Williams Realty Show Phone

Listed By: Tonya Vakulskas · License #B4492000 Show Phone

Added: Oct 8, 2025 Changed: Sep 2 Last Checked: Sep 14 at 2:06AM

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MLS# 830580

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 flex-space property includes a 3,024-square-foot metal building with five overhead doors, each approximately 12 feet wide by 14 feet high and operated by its own opener. An attached office area provides administrative or customer-facing space and is equipped with mini-split heating and cooling. Seven individual storage units are also located on the 0.63-acre parcel, which includes grass frontage. The property has a commercial zoning designation and a metal roof.

Located at 743 E Frontage Rd in Moville, the property sits along the frontage road paralleling the Hwy 20 corridor. The combination of shop access, office space, and separate storage units supports a range of commercial operating or rental configurations.

Key Highlights

• 3,024‑square‑foot metal building on a 0.63‑acre parcel
• Five overhead doors, each approximately 12 feet wide by 14 feet high
• Seven individual storage units included on‑site

Financial Insights

Estimated NOI and Cap Rate

NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).

NOI / Yr

$18,720

Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.

Cap Rate

6.25%

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$374,400 $374.4K

Cap Rate 7%

$267,429 $267.4K

Cap Rate 9%

$208,000 $208.0K

Market Conditions

NOI Build-Up for 3,024 SF 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.

Gross rent

$30.8K $10.20/SF

− Vacancy

−$4.1K −$1.36/SF

EGI

$26.7K $8.84/SF

− OpEx

−$8.0K −$2.65/SF

NOI

$18.7K $6.19/SF

Area

Woodbury County, IA

Vacancy

13.30%

Lease Rate

$10.20 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates Cap rates vary significantly by property type, market, and asset quality. Typical U.S. stable-market ranges: Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+) Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand) Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically) Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher) Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk) Self-Storage — 5.5% to 7.5% Medical Office — 6.0% to 7.5% Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term Rules of thumb: Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%). Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C. Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI. Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.

Cap Rate 5%

$374,400

Cap Rate 7%

$267,429

Cap Rate 9%

$208,000

Alternative Uses

Best Use

Self Storage

$267.4K

$234.0K – $312.0K (±1% cap)

NOI $18,720 @ 7.0% cap · market cap 6.25%

Second Best

Warehouse

$258.0K

$225.8K – $301.1K (±1% cap)

NOI $18,063 @ 7.0% cap · market cap 6.03%

Theoretical Best

Specialty Retail

$454.4K

$397.6K – $530.2K (±1% cap)

NOI $31,809 @ 7.0% cap · market cap 10.62%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Loess Hills Accounting ... Accounting Firm

Suggested Use

Top Pick Parking Lot & Garage Auto Parts Store Building Supply Electrical Service Auto Repair Shop Plumbing Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

5

Drive-in doors

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

134

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 51039, IA

2,576

Population

1,075

Households

2.4

Avg Household Size

39

Median Age

28%

College-Educated

94%

High-School Grad

86.2 sq mi

ZIP Area

30

Density / Sq Mi

$105,994

Median Household Income

$47,286

Median Earnings

$748

Median Rent

$226,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Metal commercial building combines overhead-door access, attached office space, and separate storage units for adaptable operations.

Where is this flex space located?

The property is located at 743 E FRONTAGE RD Moville, IA.

What is the asking price?

The asking price for this property is $299,500.

What are key features of this property?

This property features: 3,024‑square‑foot metal building on a 0.63‑acre parcel; Five overhead doors, each approximately 12 feet wide by 14 feet high; Seven individual storage units included on‑site