Self Storage Unit with 14'
616 17th St SE Unit #15 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 #15
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# 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.
Investment Insights
Based on property information with market context.
Brand-new construction self storage unit featuring a 14' overhead door and 16' ceiling height. Interior finishes include clean white tin, complemented by an electric furnace and an AC-ready setup. The unit is supported by a robust 200-amp electrical panel, with a bathroom that includes a toilet and shop sink for day-to-day convenience.
The property is located within an HOA, and the monthly fee includes snow removal, lawn mowing, exterior insurance, and garbage service. Water and sewer are provided by Orange City Municipal Utilities, and electricity is supplied through MidAmerican Energy. The property does not have gas service.
For sale as a versatile storage and workspace option, the unit combines practical overhead access with power and climate-readiness for equipment and shop-style use.
The property is located within an HOA, and the monthly fee includes snow removal, lawn mowing, exterior insurance, and garbage service. Water and sewer are provided by Orange City Municipal Utilities, and electricity is supplied through MidAmerican Energy. The property does not have gas service.
For sale as a versatile storage and workspace option, the unit combines practical overhead access with power and climate-readiness for equipment and shop-style use.
Key Highlights
- Brand‑new 30x54 storage unit built in 2026 with metal roof
- 16‑ft ceiling and 14‑ft overhead door for large vehicles, equipment, and workshop setups
- 200‑amp electrical panel, electric furnace, and AC‑ready setup inside
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 storage unit with 14' overhead door, 16' ceiling, electric heat, AC-ready setup, and private bathroom.
Where is this self storage facility 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: Brand‑new 30x54 storage unit built in 2026 with metal roof; 16‑ft ceiling and 14‑ft overhead door for large vehicles, equipment, and workshop setups; 200‑amp electrical panel, electric furnace, and AC‑ready setup inside
