Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    290 240Th Ave Arnolds Park, IA 51331

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $379,900

    Updated, fully furnished resort cabin with income potential and amenities.

    Property size:
    863 SF
    Lot size:
    0.12 Acres

    Property Features for 290 240Th Ave

    General Information

    Size
    863 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    2009

    We can help!

    Listing Contact
    Seth Hellinga
    Source: Kw

    Listing Agent: Seth Hellinga

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Okoboji Resort Cabin on Pond

    This property offers a retreat suitable for personal getaways or short-term rental investment. It features resort amenities including lake access, an indoor water park, outdoor pools, restaurants, and a fitness center. The cabin includes a spacious, open-concept living area, a full kitchen, and a private patio overlooking a pond. The garage has been converted into a finished living space equipped with a murphy bed and a PTAC heating and cooling system. The property is fully furnished and has a history of generating income. It can accommodate up to 10 guests. Located within the resort, the cabin provides both privacy and convenience.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Cabin 122 Bridges ... Indoor Lodging Bridges Bay Bed & Breakfast Cabin #15 Bridges ... Lodging Vacation Cabin #216 Housing Complex Boji Cabin Camping Cabin

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Wholesale Shop Hair Salon Nail Salon Clothing Store Food Market Kitchen & Bath

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Arnolds Park
    County
    Dickinson
    State
    Iowa
    Longitude
    -95.1120518
    Latitude
    43.3724066

    Nearby Similar for Sale

    • $350,000
      3,500 SF

      Spacious Storage Unit Near Lake

      3,500 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      1,750 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • New
      $375,000
      3,500 SF

      Spacious Storage Unit Near Lake

      3,500 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      Large storage unit with heat, electricity, and stubbed-in plumbing.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      1,750 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      Large storage unit with heat, electricity, and stubbed plumbing.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $375,000
      3,500 SF

      Spacious Storage Unit Near Lake

      3,500 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $350,000
      3,500 SF

      Spacious Storage Unit Near Lake

      3,500 sq ft storage unit with heat and electricity.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Arnolds Park Storage Unit For Sale

      Large storage unit with heat, electricity, and stubbed plumbing.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $185,000
      1,750 SF

      Spacious Storage Unit Near Water

      Large storage unit with heat, electricity, and plumbing near water.
      701 240Th Ave, Arnolds Park, IA 51331
      View Details
    • $49,800
      560 SF

      Arnolds Park Cold Storage Unit

      14x40 cold storage unit with overhead door, easy access.
      249 242 Ave, Arnolds Park, IA 51331
      View Details
    • Contact for pricing

      Arnolds Park Cold Storage Unit

      12x24 cold storage unit near Bridges Bay Resort.
      776 Linden Dr, Arnolds Park, IA 51331
      View Details

    FAQs

    What type of property is this?
    Short term rental property - Updated, fully furnished resort cabin with income potential and amenities.
    Where is this short term rental property located?
    The property is located at 290 240Th Ave Arnolds Park, IA.
    What is the asking price?
    The asking price for this property is $379,900.
    What are key features of this property?
    This property features: - Turnkey short-term rental investment opportunity with income history.; - Fully furnished and sleeps 10.; - Access to resort amenities: lake access, indoor water park, pools, restaurants, fitness center.
    Request Owner's contact information
    290 240Th Ave Arnolds Park, IA 51331
    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.
    290 240Th Ave
    Arnolds Park, IA 51331
    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
    290 240Th Ave Arnolds Park, IA 51331
    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

    We can help!
    Listing Contact
    Seth Hellinga
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.