1804 P Avenue Milford, IA 51351
COMMERCIAL - Milford, IA
Property Features for 1804 P Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Parking features
- Driveway
- Security features
- Security Lighting
- Exterior features
- Security Lighting
- Standard status
- Active
- Size
- 1,152 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- TBD: UNIT #85 PELICAN BAY STORAGE CONDOMINIUMS. CITY OF MILFORD. DICKINSON COUNTY, IOWA
Building Details
- Year built
- 2025
- Building materials
- Steel Siding
- Roof type
- Metal
Listing agent Michael Jensen License #B58673 (712) 320-7245
Listing office Jensen Real Estate PO Box 721, Arnolds Park, IA (712) 332-8081
Listing date May 1, 2025
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.
Investment Insights
Based on property information with market context.
Key Highlights
- Spacious 1,152 sq. ft. storage unit (24' x 48').
- Brand new construction for 2025 with completion nearing.
- 16'4" side walls and a 14' x 14' overhead door for easy access and storage of large items.
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 |
