Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    Sale Barn Road Storm Lake, IA 50588

    View on Map
    Claim this Listing
    New
    For Sale
    $275,000

    Commercial - Storm Lake, IA

    Type:Single Family Residence
    Lot size:
    13.64 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    5
    Last Refresh:
    Apr 28 at 11:06 am

    Property Features for Sale Barn Road

    General Information

    Property type
    Commercial Sale
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    1034202119 103420300
    Lot size
    13.64 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2992

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Steven Brashears

    Listing agent Steven Brashears License #S58624

    Listing office Compass Real Estate of NW IA 222 W. Milwaukee Ave, Storm Lake, IA

    Listing date Apr 24, 2026

    MLS# 832689 Listing URL

    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.

    Overview

    Storm Lake Commercial Land Parcel

    This property encompasses approximately 13.64 total acres, including Buena Vista County Parcels #1034201009, 1034203006, and 1034204001. It features 143 feet of frontage on County Road C49, situated across from The John Deere Dealer and Walmart. The land presents numerous possibilities for commercial or residential development. Currently, 12 acres are utilized as cropland, generating a net income of approximately $3600 per year. The sellers are open to considering splitting off a parcel.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Storm Lake
    County
    Buena Vista
    State
    Iowa
    Longitude
    -95.199334
    Latitude
    42.662546

    Nearby Similar for Sale

    • $169,000

      Historic Commercial Building in Storm Lake

      Commercial building in historic downtown Storm Lake with classic architecture.
      522 LAKE AVE, Storm Lake, IA 50588
      View Details
    • $219,000
      3,732 SF

      Updated Duplex Near Town Center

      Well-maintained duplex with owner's suite and recent upgrades.
      718 SENECA ST, Storm Lake, IA 50588
      View Details
    • $655,000

      Prime Commercial Property in Storm Lake

      High-visibility commercial property with multiple buildings on 4+ acres.
      1703 E Lakeshore Drive, Storm Lake, IA 50588
      View Details
    • $149,500

      Storm Lake Commercial Office Space

      Ideally located office space with parking and updated plumbing.
      605 ONTARIO ST, Storm Lake, IA 50588
      View Details
    • $1,500,000
      12,000 SF

      Storm Lake Commercial Building For Sale

      12,000 SF commercial building on 3.71 acres in Storm Lake.
      2400 Expansion Blvd, Storm Lake, IA 50588
      View Details
    • $399,000
      8,670 SF

      Vision Care Office Building

      Commercial building near university, hospital, and downtown district.
      600 Ontario St, Storm Lake, IA 50588
      View Details
    • $285,000
      5,015 SF

      Storm Lake Multi-Unit Investment Property

      Six-unit apartment building in Storm Lake, Iowa. 100% occupied.
      416 Michigan, Storm Lake, IA 50588
      View Details
    • Contact for pricing

      Storm Lake Medical Office Building

      Previously a medical office with over 1,200 square feet.
      1427 W Milwaukee, Storm Lake, IA 50588
      View Details
    • $25,000

      Residential Lot in Storm Lake

      Spacious lot for dream home near Buena Vista University.
      305 Ontario Street, Storm Lake, IA 50588
      View Details
    • $480,000
      9,000 SF

      Spacious Warehouse on Large Lot

      9,000 SF warehouse with ample parking and storage.
      820 Vestal St, Storm Lake, IA, 50588-1570
      View Details
    • $99,000

      Residential Lots Near Storm Lake

      3-acre residential lots available near Storm Lake, Iowa.
      1105 560th, Storm Lake, IA 50588
      View Details
    • $597,000

      Prime Land Parcel For Sale

      4 +/- acre commercial land parcel in Storm Lake, Iowa.
      1045 590th Street, Storm Lake, IA 50588
      View Details

    FAQs

    What type of property is this?
    Commercial land - 13.64 acres with commercial and residential development potential.
    Where is this commercial land located?
    The property is located at Sale Barn Road Storm Lake, IA.
    What is the asking price?
    The asking price for this property is $275,000.
    What are key features of this property?
    This property features: Approx. 13.64 total acres with frontage on County Road C49.; High‑visibility location across from John Deere Dealer and Walmart.; Potential for commercial or residential development.
    (712) 299-4684
    We can help!
    Listing Contact
    Steven Brashears
    Real Estate License ID: S58624
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!