Heated Self-Storage
For Sale
$84,000
2045 Hwy 9 #87, Spirit Lake, IA 51360
Controlled-access storage space with automated lighting, an overhead door, and paved drive lanes for convenient loading.
Property Size720 SF
Price / SF$116.67
Days on Market50
Property Features for 2045 Hwy 9 #87
General Information
Standard status
Active
Size
720 SF
Property subtype
Commercial
Additional Details
Fenced Yard
Yes
Self-Storage Units
1
Amenities
24/7 Secured Gate
centrally controlled heated units
automatic high-bay LED lighting
electrical outlet
Building Details
Year Built
2025
Listing Agency:
RE/MAX Lakes Realty
Listed By:
Aaron Jones · License #7629
(712) 320-9442
Source:
Integrityiowa
Added: Sep 18
Changed: Nov 4
Last Checked: Nov 6 at 5:43AM
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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Investment Insights
Based on property information with market context.
Built in 2025, this self-storage unit provides approximately 720 square feet within an 18x40 layout. The space includes 16-foot side walls, a 12' x 14' automatic overhead door, a walk-in door, tin interior, automatic high-bay LED lighting, and an electrical outlet. Heating is centrally controlled, and access is managed through a 24/7 secured gate.
The unit is located at 2045 Hwy 9 #87 in Spirit Lake, Iowa. The lot is fully paved with wide drive lanes that accommodate backing in boats, pontoons, or campers. The combination of controlled entry, dedicated loading access, and substantial interior clearance supports a range of storage needs.
The unit is located at 2045 Hwy 9 #87 in Spirit Lake, Iowa. The lot is fully paved with wide drive lanes that accommodate backing in boats, pontoons, or campers. The combination of controlled entry, dedicated loading access, and substantial interior clearance supports a range of storage needs.
Key Highlights
- Approximately 720 square feet in an 18x40 unit
- 12' x 14' automatic overhead door with 16' side walls
- Centrally controlled heated unit
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.
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
435
Businesses Nearby
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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
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Market
Properties on Market for Self storage facilities in Dickinson County
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Self storage facility - Controlled-access storage space with automated lighting, an overhead door, and paved drive lanes for convenient loading.
Where is this self storage facility located?
The property is located at 2045 Hwy 9 #87 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: Approximately 720 square feet in an 18x40 unit; 12' x 14' automatic overhead door with 16' side walls; Centrally controlled heated unit
