Heated Self-Storage
For Sale
$105,000
2045 Hwy 9 #16, Spirit Lake, IA 51360
The paved property has wide drive aisles for maneuvering boats, campers, and other vehicles.
Property Size900 SF
Price / SF$116.67
Days on Market47
Property Features for 2045 Hwy 9 #16
General Information
Standard status
Active
Size
900 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Self-Storage Units
1
Property Use
Self Storage
Amenities
24/7 secured gate
centrally controlled heated units
automatic high-bay LED lighting
electrical outlet
High Traffic Location
Highway Access
Security Lighting
Building Details
Building Size
900 SF
Year Built
2025
Units
1
Listing Agency:
RE/MAX Lakes Realty
(712) 336-4967
Listed By:
Aaron Jones · License #B61252
(712) 320-9442
Source:
Lakelandrealtyofiowa
Added: Sep 14
Changed: Oct 29
Last Checked: Oct 29 at 10:36PM
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 RE/MAX Lakes Realty
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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 self-storage unit, built in 2025, offers approximately 900 square feet of space with centrally controlled heat. A walk-in door complements the automatic overhead door, while the interior includes tin finish, high-bay LED lighting, and an electrical outlet. The unit has 16-foot side walls.
The property at 2045 Hwy 9 #16 in Spirit Lake, Iowa, has a paved lot with wide drive lanes. A secured gate provides access at any hour, and the broad circulation areas accommodate backing in boats, pontoons, and campers.
The property at 2045 Hwy 9 #16 in Spirit Lake, Iowa, has a paved lot with wide drive lanes. A secured gate provides access at any hour, and the broad circulation areas accommodate backing in boats, pontoons, and campers.
Key Highlights
- Approximately 900 square feet of storage space
- 12'×14' automatic overhead door and 16' side walls
- Centrally controlled heated interior
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$7,609
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,180
$152.2K
Cap Rate 7%
$108,700
$108.7K
Cap Rate 9%
$84,544
$84.5K
Market Conditions
NOI Build-Up for 900 SF
Gross rent
$11.9K $13.20/SF
− Vacancy
−$1.0K −$1.12/SF
EGI
$10.9K $12.08/SF
− OpEx
−$3.3K −$3.62/SF
NOI
$7.6K $8.45/SF
Area
Dickinson County, IA
Vacancy
8.50%
Lease Rate
$13.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$152,180
Cap Rate 7%
$108,700
Cap Rate 9%
$84,544
Alternative Uses
Best Use
Self Storage
$108.7K
$95.1K – $126.8K
NOI $7,609 @ 7.0% cap · market cap 7.25%
Second Best
Warehouse
$70.7K
$61.9K – $82.5K
NOI $4,952 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$196.9K
$172.3K – $229.7K
NOI $13,781 @ 7.0% cap · market cap 13.12%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
Explore this area
Business Placement
Demographics for 51360, IA
8,553
Population
6,638
Households
1.3
Avg Household Size
49
Median Age
35%
College-Educated
97%
High-School Grad
105.2 sq mi
ZIP Area
81
Density / Sq Mi
$77,464
Median Household Income
$41,043
Median Earnings
$1,005
Median Rent
$256,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - The paved property has wide drive aisles for maneuvering boats, campers, and other vehicles.
Where is this self storage facility located?
The property is located at 2045 Hwy 9 #16 Spirit Lake, IA.
What is the asking price?
The asking price for this property is $105,000.
What are key features of this property?
This property features: Approximately 900 square feet of storage space; 12'×14' automatic overhead door and 16' side walls; Centrally controlled heated interior
