Warehouse Unit with High
For Sale
$159,000
616 17th St SE Unit #15, Orange City, IA 51041
Commercial, Orange City, IA
Property Size1,620 SF
Price / SF$98.15
Days on Market252
Property Features for 616 17th St SE Unit #15
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Surrounding Areas/Other Areas
Standard status
Active
Additional Details
Property Use
Storage
Taxes and HOA fees
Tax Year
2024
Tax Description
to be created
Legal Description
to be created
Building Details
Year built
2026
Roof type
Metal
Listing Agency:
Real Broker, LLC
(515) 305-2577
Listed By:
Klayton Wielenga
(712) 441-3813
Added: Feb 20
Changed: Oct 28
Last Checked: Oct 30 at 1:06PM
MLS# 831888
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.
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Investment Insights
Based on property information with market context.
Built in 2026, this warehouse unit measures 30 by 54 feet and has a 16-foot ceiling with a 14-foot overhead door. White metal interior finishes, an electric furnace, an AC-ready setup, and a 200-amp electrical panel serve the space. A bathroom includes a toilet and shop sink.
The property is at 616 17th St SE, Unit 15, in Orange City. Water and sewer service come from Orange City Municipal Utilities, and MidAmerican Energy provides electricity. There is no gas service to the property. The HOA covers snow removal, lawn mowing, exterior insurance, and garbage service.
The property is at 616 17th St SE, Unit 15, in Orange City. Water and sewer service come from Orange City Municipal Utilities, and MidAmerican Energy provides electricity. There is no gas service to the property. The HOA covers snow removal, lawn mowing, exterior insurance, and garbage service.
Key Highlights
- 30‑by‑54‑foot warehouse unit built in 2026
- 16‑foot ceiling and 14‑foot overhead door
- 200‑amp electrical panel, electric furnace, and AC‑ready setup
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$11,866
Cap Rate
7.46%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,320
$237.3K
Cap Rate 7%
$169,514
$169.5K
Cap Rate 9%
$131,844
$131.8K
Market Conditions
NOI Build-Up for 1,620 SF
Gross rent
$14.6K $9.00/SF
− Vacancy
−$620 −$0.38/SF
EGI
$14.0K $8.62/SF
− OpEx
−$2.1K −$1.29/SF
NOI
$11.9K $7.32/SF
Area
Sioux County, IA
Vacancy
4.25%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$237,320
Cap Rate 7%
$169,514
Cap Rate 9%
$131,844
Alternative Uses
Best Use
Warehouse
$169.5K
$148.3K – $197.8K
NOI $11,866 @ 7.0% cap · market cap 7.46%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$337.5K
$295.3K – $393.7K
NOI $23,623 @ 7.0% cap · market cap 14.86%
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
1
Drive-in doors
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 51041, IA
7,195
Population
2,565
Households
2.8
Avg Household Size
32
Median Age
41%
College-Educated
97%
High-School Grad
70.9 sq mi
ZIP Area
101
Density / Sq Mi
$84,115
Median Household Income
$35,613
Median Earnings
$808
Median Rent
$253,600
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - A finished interior, bathroom, and shop sink support practical storage or work use.
Where is this warehouse located?
The property is located at 616 17th St SE Unit #15 Orange City, IA.
What is the asking price?
The asking price for this property is $159,000.
What are key features of this property?
This property features: 30‑by‑54‑foot warehouse unit built in 2026; 16‑foot ceiling and 14‑foot overhead door; 200‑amp electrical panel, electric furnace, and AC‑ready setup
