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

    6135 Highway 71 Storm Lake, IA

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    140,000 SF warehouse on 23.44 AC lot for sale.

    Type:INDUSTRIAL
    Property size:
    140,000 SF
    Lot size:
    25.00 Acres
    Price / SF:
    $28/SF
    Added:
    Apr 3, 2025
    Days on Market:
    392
    Last Refresh:
    Apr 5 at 8:09 pm

    Property Features for 6135 Highway 71

    General Information

    Standard status
    Active
    Size
    140,000 SF
    Lot size
    25.00 Acres
    Property subtype
    INDUSTRIAL

    We can help!

    Listing Contact
    Michael Minard
    Michael Minard

    Listing agent Michael Minard License #475136684

    Listing office JLL

    Listing date Apr 3, 2025

    Source Moodyscre

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

    All listing content including descriptions, pricing, images are the copyrighted material of JLL

    Overview

    140,000 SF Warehouse Available

    This property features a 140,000 SF warehouse situated on a 23.44 AC lot. The zoning is M-1. The property includes 6 drive-in doors and 2 dock doors. The warehouse has a clear height of 24 feet and includes two buildings. There is approximately 6,000 SF of office space. The property is equipped with LED lighting.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Warehouses

    Suggested Use

    Building Supply Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Carpet & Flooring Store Car Rental Facility

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

    Location Insight

    • Map
    • Local Demand
    City
    Storm Lake
    County
    Buena Vista
    State
    Iowa
    Longitude
    -95.1518
    Latitude
    42.6284

    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

      Storm Lake Multi-Unit Investment

      Well-maintained duplex with owner's suite and recent upgrades.
      718 SENECA ST, 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

      Six-unit property in Storm Lake, Iowa, fully 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
    • $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

    FAQs

    What type of property is this?
    Warehouse - 140,000 SF warehouse on 23.44 AC lot for sale.
    Where is this warehouse located?
    The property is located at 6135 Highway 71 Storm Lake, IA.
    What is the asking price?
    The asking price for this property is $3,920,000.
    What are key features of this property?
    This property features: 140,000 SF warehouse available; Large 23.44 AC lot size; 2 buildings on the property
    (563) 508-4649 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Michael Minard
    Michael Minard
    Real Estate License ID: 475136684
    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!