2049 Hwy 86 Milford, IA 51351
COMMERCIAL - Milford, IA
Property Features for 2049 Hwy 86
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Parking features
- Driveway
- Standard status
- Active
- APN
- 06-35-177-034
- Size
- 2,304 SF
Taxes and HOA fees
- Tax Year
- 2024
- Tax Description
- UNIT 3-12 STONES THROW STORAGE CONDOMINIUM & UNIT 3-13 STONES THROW STORAGE CONDOMINIUM
- Tax Annual Amount
- 1868
Utilities
- Sewer type
- Public Sewer
- Heating system
- Forced Air
- Water source
- Public
Building Details
- Year built
- 2022
- 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 Apr 1, 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
- Unbeatable Highway 86 frontage for high visibility.
- Large 48' x 48' double unit provides ample space.
- Two massive 14' x 14' overhead doors offer easy access.
Local Financial Insights For Retail
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 | $43.7k | $18.96 |
| − Vacancy | −$1.1k | −$0.49 |
| EGI | $42.5k | $18.47 |
| − OpEx | −$12.8k | −$5.54 |
| NOI | $29.8k | $12.93 |
