2049 HWY 86 Milford, IA 51351
COMMERCIAL - Milford, IA
Property Features for 2049 HWY 86
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 06-35-177-05
- Size
- 1,152 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- UNIT 5-6 STONES THROW STORAGE CONDOMINIUM
Utilities
- Sewer type
- Public Sewer
- Water source
- Public
Building Details
- Year built
- 2024
- Building materials
- Metal 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 Jan 21, 2026
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
- Prime Location: Situated on the west side of West Lake Okoboji.
- High‑Quality Construction: Features EPS with engineered ladder frame, 2x8 exterior walls (R‑27), 2x6 interior walls (R‑19), and R‑44 ceiling insulation.
- Large Overhead Door: Includes a 14' x 14' Midland overhead door.
Local Financial Insights For Self Storage
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 | $15.2k | $13.20 |
| − Vacancy | −$1.3k | −$1.12 |
| EGI | $13.9k | $12.08 |
| − OpEx | −$4.2k | −$3.62 |
| NOI | $9.7k | $8.45 |
