Warehouse Unit with
New
For Sale
Under Contract
$159,000
1306 Jeppeson Road, West Okoboji, IA 51351
COMMERCIAL, West Okoboji, IA
Property Size1,152 SF
Price / SF$138.02
Days on Market4
Property Features for 1306 Jeppeson Road
General Information
Property type
Commercial Sale
Property subtype
Other
Parking features
Garage, Driveway, Open
Exterior features
Highway Access
Directions
Use GPS.
Subdivision
Dickinson
Standard status
Active Under Contract
APN
0636459011
Taxes and HOA fees
Tax Year
2025
Tax Description
WEST OKOBOJI OKOSHED 4 CONDOMINIUMUNIT 11
Tax Annual Amount
828
Legal Description
WEST OKOBOJI OKOSHED 4 CONDOMINIUMUNIT 11
Utilities
Sewer type
Public Sewer
Heating system
Forced Air
Water source
Public
Amenities
gas furnace
toilet
large sink
floor drain
loft
additional overhead storage
Building Details
Year built
2021
Building materials
Steel Siding
Roof type
Metal
Listing Agency:
Keller Williams Okoboji · Keller Williams Realty
(712) 340-7900
Listed By:
Josh Schaben
(712) 330-4773
Added: Oct 20
Changed: Oct 23
Last Checked: Oct 23 at 5:06PM
MLS# 261369
Copyright © 2026 Iowa Great Lakes 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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,152-square-foot warehouse unit was built in 2021 and measures 24 by 48 feet. Interior features include a loft, additional overhead storage, a gas furnace, a toilet, a large sink, and a floor drain. The building has steel siding and a metal roof, with public water and sewer service. Parking includes garage, driveway, and open options.
Located in West Okoboji, the property has highway access and is near area attractions and public boat ramps.
Located in West Okoboji, the property has highway access and is near area attractions and public boat ramps.
Key Highlights
- 1,152‑square‑foot unit measuring 24' x 48'
- Built in 2021
- Loft and additional overhead storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,338
Cap Rate
3.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,760
$126.8K
Cap Rate 7%
$90,543
$90.5K
Cap Rate 9%
$70,422
$70.4K
Market Conditions
NOI Build-Up for 1,152 SF
Gross rent
$8.0K $6.96/SF
− Vacancy
−$561 −$0.49/SF
EGI
$7.5K $6.47/SF
− OpEx
−$1.1K −$0.97/SF
NOI
$6.3K $5.50/SF
Area
Dickinson County, IA
Vacancy
7.00%
Lease Rate
$6.96 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$126,760
Cap Rate 7%
$90,543
Cap Rate 9%
$70,422
Alternative Uses
Best Use
Warehouse
$90.5K
$79.2K – $105.6K
NOI $6,338 @ 7.0% cap · market cap 3.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$252.0K
$220.5K – $294.0K
NOI $17,639 @ 7.0% cap · market cap 11.09%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 51351, IA
4,844
Population
3,104
Households
1.6
Avg Household Size
45
Median Age
31%
College-Educated
97%
High-School Grad
108.0 sq mi
ZIP Area
45
Density / Sq Mi
$67,628
Median Household Income
$39,913
Median Earnings
$904
Median Rent
$256,100
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- 86 It Storage — 2155 IA-86, Milford, IA 51351
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Frequently Asked Questions
What type of property is this?
Warehouse - Heating, plumbing fixtures, and overhead storage support a range of storage and work needs.
Where is this warehouse located?
The property is located at 1306 Jeppeson Road West Okoboji, IA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 1,152‑square‑foot unit measuring 24' x 48'; Built in 2021; Loft and additional overhead storage
