New Construction Storage Units
1804 P Avenue 82 Milford, IA 51351
1804 P Avenue 82, Milford, IA, 51351
$69,900
For Sale
$69,900
Spacious storage units (1,152 sq. ft.) nearing completion.
Property Size1,152 SF
Price / SF$60.68
Days on Market438
Property Features for 1804 P Avenue 82
General Information
- Standard status
- Active
- Size
- 1,152 SF
- Property subtype
- Commercial/Industrial
Building Details
- Year Built
- 2025
Listing Agency
Jensen Real Estate
(712) 320-7245
Listed by
Michael Jensen · License #B58673
(712) 320-7245
Source
Exitrealty
Added: May 7, 2025 Checked: Jul 17 at 4:40 am
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 Jensen Real Estate
Investment Insights
Based on property information with market context.
Construction is nearing completion on these storage units, scheduled for availability in 2025. Each unit provides 1,152 square feet of space, measuring 24' x 48', and features 16'4" side walls. Access is facilitated by a 14' x 14' overhead door and a 3' x 6'8" walk-in door. Each unit includes a 20-amp electrical service, with electricity costs covered by the Homeowners Association (HOA). The annual HOA fee is $300, which covers personal-use electricity, building insurance, lawn care, and snow removal.
Key Highlights
- Spacious 1,152 sq. ft. storage unit (24' x 48').
- Brand new construction for 2025.
- 16'4" side walls and 14' x 14' overhead door.
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 | $8.0k | $6.96 |
| − Vacancy | −$561 | −$0.49 |
| EGI | $7.5k | $6.47 |
| − OpEx | −$2.2k | −$1.94 |
| NOI | $5.2k | $4.53 |
1,152 SF · lease $6.96/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$139.1K
$121.8K – $162.3K
NOI $9,740 @ 7.0% cap · market cap 13.93%
Second Best
Industrial
$74.6K
$65.3K – $87.0K
NOI $5,220 @ 7.0% cap · market cap 7.47%
Theoretical Best
Office A
$252.0K
$220.5K – $294.0K
NOI $17,639 @ 7.0% cap · market cap 25.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - Spacious storage units (1,152 sq. ft.) nearing completion.
Where is this self storage facility located?
The property is located at 1804 P Avenue 82 Milford, IA.
What is the asking price?
The asking price for this property is $69,900.
What are key features of this property?
This property features: Spacious 1,152 sq. ft. storage unit (24' x 48').; Brand new construction for 2025.; 16'4" side walls and 14' x 14' overhead door.
