Spacious Storage Unit Near
701 240th Avenue Arnolds Park, IA 51331
701 240th Avenue, Arnolds Park, IA, 51331
$350,000
For Sale
$350,000
COMMERCIAL - Arnolds Park, IA
Property Size3,500 SF
Price / SF$100
Days on Market443
Property Features for 701 240th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Standard status
- Active
- APN
- 0729478012
- Size
- 3,500 SF
Taxes and HOA fees
- Tax Year
- 2023
- Tax Description
- Contact agent
Utilities
- Sewer type
- Public Sewer
- Heating system
- Radiant
- Water source
- Public
Building Details
- Year built
- 1994
- Building materials
- Metal Siding
- Roof type
- Metal
Listing Agency
Keller Williams Okoboji
(712) 340-7900
565 Hwy 71 S Unit 2, Sioux City, IA
Listed by
George Carlson · License #S70587
(712) 320-4994
Added: May 2, 2025 Checked: Jul 18 at 2:06 pm
MLS# 250485
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.
This 3,500 sq ft storage unit is located minutes from the lake. The unit includes heat, electricity, and stubbed-in water and plumbing. It features two 14-foot high overhead doors, each with access from different points, suitable for drive-through convenience, RVs, boats, or large equipment. The unit offers space, accessibility, and year-round functionality. It is located in Arnolds Park, Iowa.
Key Highlights
- Spacious 3,500 sq ft storage unit.
- Equipped with heat and electricity for year‑round functionality.
- Stubbed‑in water and plumbing offer potential for customization.
Local Financial Insights For Warehouse
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 | $24.4k | $6.96 |
| − Vacancy | −$1.7k | −$0.49 |
| EGI | $22.7k | $6.47 |
| − OpEx | −$3.4k | −$0.97 |
| NOI | $19.3k | $5.50 |
3,500 SF · lease $6.96/SF/yr · vacancy 7.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$275.1K
$240.7K – $321.0K
NOI $19,257 @ 7.0% cap · market cap 5.50%
Second Best
Industrial
$226.5K
$198.2K – $264.3K
NOI $15,858 @ 7.0% cap · market cap 4.53%
Theoretical Best
Office A
$765.6K
$669.9K – $893.2K
NOI $53,592 @ 7.0% cap · market cap 15.31%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
FAQs
What type of property is this?
Warehouse - 3,500 sq ft storage unit near the lake.
Where is this warehouse located?
The property is located at 701 240th Avenue Arnolds Park, IA.
What is the asking price?
The asking price for this property is $350,000.
What are key features of this property?
This property features: Spacious 3,500 sq ft storage unit.; Equipped with heat and electricity for year‑round functionality.; Stubbed‑in water and plumbing offer potential for customization.
