Building Details

Year built 2025

Flooring type Concrete

Building materials SteelOrMetal

Roof type Metal

Listing Agency: Robertson Real Estate Inc j**@robertson-re.com Show Phone

Listed By: Brad Akers Show Phone

Added: Apr 8 Changed: Sep 7 Last Checked: Oct 7 at 2:06AM

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MLS# 202602375

Copyright © 2026 Iowa City Area Association 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 commercial property includes a newly completed 13-unit self-storage building measuring 25x156 feet. The structure was built in 2025 with steel or metal construction, a metal roof, and concrete flooring, and is ready for tenants. The level site contains 1.45 acres and has utilities in place.

The property is located at 130 Oakcrest Hill Rd SE in Hills, Iowa, near the interstate. Commercial zoning supports the existing storage use, while the site has room for three additional large storage buildings or another commercial building. The surrounding area is described as growing, adding context for future development planning.

Key Highlights

• 1.45‑acre commercial property in Hills, IA
• New 13‑unit 25x156 storage building completed in 2025
• Commercial zoning with utilities already in place

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$30,392

Cap Rate

5.53%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$607,840 $607.8K

Cap Rate 7%

$434,171 $434.2K

Cap Rate 9%

$337,689 $337.7K

Market Conditions

NOI Build-Up for 3,900 SF

Gross rent

$37.4K $9.60/SF

− Vacancy

−$1.7K −$0.43/SF

EGI

$35.8K $9.17/SF

− OpEx

−$5.4K −$1.38/SF

NOI

$30.4K $7.79/SF

Area

Johnson County, IA

Vacancy

4.50%

Lease Rate

$9.60 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$607,840

Cap Rate 7%

$434,171

Cap Rate 9%

$337,689

Alternative Uses

Best Use

Warehouse

$434.2K

$379.9K – $506.5K (±1% cap)

NOI $30,392 @ 7.0% cap · market cap 5.53%

Second Best

Self Storage

$430.6K

$376.7K – $502.3K (±1% cap)

NOI $30,139 @ 7.0% cap · market cap 5.48%

Theoretical Best

Office A

$847.2K

$741.3K – $988.4K (±1% cap)

NOI $59,305 @ 7.0% cap · market cap 10.78%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Self storage facilities

Lease Details

Yes

Highway access

Yes

Utilities to site

Location Intelligence

Trade Area within ½ mile

69

Businesses Nearby

Explore this area Business Placement

Demographics for 52235, IA

858

Population

444

Households

1.9

Avg Household Size

41

Median Age

24%

College-Educated

96%

High-School Grad

2.1 sq mi

ZIP Area

409

Density / Sq Mi

$81,875

Median Household Income

$48,708

Median Earnings

$1,179

Median Rent

$217,800

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

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this self storage facilities 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?

Self storage facility - Newly completed storage property with utilities in place and room for additional commercial development.

Where is this self storage facility located?

The property is located at 130 Oakcrest Hill Rd SE Hills, IA.

What is the asking price?

The asking price for this property is $550,000.

What are key features of this property?

This property features: 1.45‑acre commercial property in Hills, IA; New 13‑unit 25x156 storage building completed in 2025; Commercial zoning with utilities already in place