1025 N 8Th Street 101 Clear Lake, IA 50428
1500 SF flex space with loft, bathroom, and climate control.
Property Features for 1025 N 8Th Street 101
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Lot size
- 3.80 Acres
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2023
Listing office Schoneman, REALTORS (641) 425-3399
Listing date Feb 25, 2025
Source Exitrealty
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 Schoneman, REALTORS
Investment Insights
Based on property information with market context.
Key Highlights
- 1500 sq ft building suitable for storage or business
- Heated and air‑conditioned for climate control
- Loft area for additional space
Local Financial Insights For Industrial
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 | $13.5k | $9.00 |
| − Vacancy | −$1.1k | −$0.72 |
| EGI | $12.4k | $8.28 |
| − OpEx | −$3.7k | −$2.48 |
| NOI | $8.7k | $5.80 |
