Heated Self-Storage
For Sale
$84,000
2045 Hwy 9 #67, Spirit Lake, IA 51360
A secured gate and paved drive lanes support convenient access to the heated storage space.
Property Size720 SF
Price / SF$116.67
Days on Market47
Property Features for 2045 Hwy 9 #67
General Information
Standard status
Active
Size
720 SF
Total Parking Spaces
1
Property subtype
Commercial
Additional Details
Clear Height
16 ft
Property Use
Self Storage
Amenities
24/7 Secured Gate
High Traffic Location
Highway Access
Security Lighting
Building Details
Building Size
720 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 10:51PM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 720-square-foot self-storage unit measures 18x40 and has 16-foot side walls. Features include a 12'×14' automatic overhead door, a separate walk-in door, tin interior, automatic high-bay LED lighting, and an electrical outlet. The units are centrally controlled and heated.
A secured gate provides access 24 hours a day, seven days a week. The paved property has wide drive lanes, with room to maneuver vehicles and recreational equipment.
A secured gate provides access 24 hours a day, seven days a week. The paved property has wide drive lanes, with room to maneuver vehicles and recreational equipment.
Key Highlights
- 720 square feet; 18x40 unit
- Centrally controlled heated units
- 24/7 secured gate
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,087
Cap Rate
7.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$121,740
$121.7K
Cap Rate 7%
$86,957
$87.0K
Cap Rate 9%
$67,633
$67.6K
Market Conditions
NOI Build-Up for 720 SF
Gross rent
$9.5K $13.20/SF
− Vacancy
−$808 −$1.12/SF
EGI
$8.7K $12.08/SF
− OpEx
−$2.6K −$3.62/SF
NOI
$6.1K $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%
$121,740
Cap Rate 7%
$86,957
Cap Rate 9%
$67,633
Alternative Uses
Best Use
Self Storage
$87.0K
$76.1K – $101.5K
NOI $6,087 @ 7.0% cap · market cap 7.25%
Second Best
Warehouse
$56.6K
$49.5K – $66.0K
NOI $3,961 @ 7.0% cap · market cap 4.72%
Theoretical Best
Office A
$157.5K
$137.8K – $183.8K
NOI $11,025 @ 7.0% cap · market cap 13.13%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
16 ft
Clear height
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 - A secured gate and paved drive lanes support convenient access to the heated storage space.
Where is this self storage facility located?
The property is located at 2045 Hwy 9 #67 Spirit Lake, IA.
What is the asking price?
The asking price for this property is $84,000.
What are key features of this property?
This property features: 720 square feet; 18x40 unit; Centrally controlled heated units; 24/7 secured gate
