Warehouse Units with 14x14 Overhead
2363 2nd Ave NE Sioux Center, IA 51250
For Sale
$124,900
COMMERCIAL - Sioux Center, IA
Property Size1,200 SF
Lot Size1.55 Acres
Price / SF$104.08
Days on Market936
Property Features for 2363 2nd Ave NE
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
APN
1028302002
Lot size
1.55 Acres
Taxes and HOA fees
Tax Year
2022
Tax Description
L 2 HIGHWAY COMMERCIAL PARK - SECOND ADD
Tax Annual Amount
130
Utilities
Heating system
Forced Air
Building Details
Year built
2024
Roof type
Metal
Listing Agency:
Hilt Real Estate Inc
(712) 722-0707
Listed By:
Rachel Hoogeveen · License #S58404
(712) 441-5100
Added: Jan 5, 2024
Changed: Jul 29
Last Checked: Jul 29 at 10:06AM
MLS# 823336
Copyright © 2026 Northwest Iowa Regional 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.
This offering consists of personal use warehouse units, with construction underway on a south addition providing 11 units. Each unit is planned at 24' x 50' with 16ft sidewalls and a 14ft x 14ft overhead door. Interior build-outs include an electric furnace and A/C, with the units stubbed for a toilet and sink. Additional features include keyless entry and high-speed internet with Cat6 cabling.
The property is located at 2363 2nd Ave NE in Sioux Center, Iowa, in Sioux County. The site covers 1.55 acres.
An association fee of $50 per month applies. Ownership allows for unit-specific design and upgrades priced out on an individual basis.
The property is located at 2363 2nd Ave NE in Sioux Center, Iowa, in Sioux County. The site covers 1.55 acres.
An association fee of $50 per month applies. Ownership allows for unit-specific design and upgrades priced out on an individual basis.
Key Highlights
- 11 personal‑use warehouse units under construction in the south addition
- Each unit size: 24' x 50' with 16' sidewalls
- 14' x 14' overhead door included for each unit
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 | $15.8k | $13.20 |
| − Vacancy | −$1.3k | −$1.06 |
| EGI | $14.6k | $12.14 |
| − OpEx | −$4.4k | −$3.64 |
| NOI | $10.2k | $8.50 |
1,200 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$145.7K
$127.5K – $170.0K
NOI $10,201 @ 7.0% cap · market cap 8.17%
Second Best
Warehouse
$125.6K
$109.9K – $146.5K
NOI $8,790 @ 7.0% cap · market cap 7.04%
Theoretical Best
Office A
$250.0K
$218.7K – $291.6K
NOI $17,498 @ 7.0% cap · market cap 14.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Hy-Vee Catering — 1951 S Main Ave, Sioux Center, IA 51250
Frequently Asked Questions
What type of property is this?
Flex space - Under-construction warehouse units feature 14x14 overhead doors, 16ft sidewalls, and keyless entry with Cat6 internet.
Where is this flex space located?
The property is located at 2363 2nd Ave NE Sioux Center, IA.
What is the asking price?
The asking price for this property is $124,900.
What are key features of this property?
This property features: 11 personal‑use warehouse units under construction in the south addition; Each unit size: 24' x 50' with 16' sidewalls; 14' x 14' overhead door included for each unit
