Brand-New Storage Unit with
616 17th St SE Unit #12 Orange City, IA 51041
For Sale
$159,000
COMMERCIAL - Orange City, IA
Property Size1,620 SF
Price / SF$98.15
Days on Market159
Property Features for 616 17th St SE Unit #12
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Taxes and HOA fees
Tax Year
2024
Tax 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: Jul 29
Last Checked: Jul 29 at 11:06AM
MLS# 831885
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.
Brand-new storage unit measuring 30x54, designed for practical storage and light workspace use. The unit features clean white tin interior finishes, 16-foot ceilings, and a 14-foot overhead door for loading and access. Interior systems include an electric furnace, an AC-ready setup, and a 200-amp electrical panel. A bathroom includes a toilet and a shop sink for everyday convenience.
The property is located within an HOA. The HOA fee is $85 per month and covers snow removal, lawn mowing, exterior insurance, and garbage service. Water and sewer services are provided by Orange City Municipal Utilities, and electricity is provided by MidAmerican Energy, with no gas service to the property.
The unit’s configuration combines vehicle-friendly overhead access with dedicated electrical capacity and a built-in bathroom, supporting a flexible layout for storage, equipment, and workshop-style uses.
The property is located within an HOA. The HOA fee is $85 per month and covers snow removal, lawn mowing, exterior insurance, and garbage service. Water and sewer services are provided by Orange City Municipal Utilities, and electricity is provided by MidAmerican Energy, with no gas service to the property.
The unit’s configuration combines vehicle-friendly overhead access with dedicated electrical capacity and a built-in bathroom, supporting a flexible layout for storage, equipment, and workshop-style uses.
Key Highlights
- New 30x54 storage unit built in 2026 with a metal roof
- 16 ft ceiling and 14 ft overhead door for accommodating large vehicles and equipment
- Electric furnace plus AC‑ready setup, with a 200‑amp electrical panel
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 | $21.4k | $13.20 |
| − Vacancy | −$1.7k | −$1.06 |
| EGI | $19.7k | $12.14 |
| − OpEx | −$5.9k | −$3.64 |
| NOI | $13.8k | $8.50 |
1,620 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Self Storage
$196.7K
$172.1K – $229.5K
NOI $13,771 @ 7.0% cap · market cap 8.66%
Second Best
Warehouse
$169.5K
$148.3K – $197.8K
NOI $11,866 @ 7.0% cap · market cap 7.46%
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.
Property Analytics
Location Intelligence
Current Use
Frequently Asked Questions
What type of property is this?
Self storage facility - Brand-new 30x54 storage unit with 16-foot ceilings, a 14-foot overhead door, and an on-site bathroom.
Where is this self storage facility located?
The property is located at 616 17th St SE Unit #12 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: New 30x54 storage unit built in 2026 with a metal roof; 16 ft ceiling and 14 ft overhead door for accommodating large vehicles and equipment; Electric furnace plus AC‑ready setup, with a 200‑amp electrical panel
