701 240th Avenue Arnolds Park, IA 51331
COMMERCIAL - Arnolds Park, IA
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 agent George Carlson License #S70587 (712) 320-4994
Listing office Keller Williams Okoboji 565 Hwy 71 S Unit 2, Sioux City, IA (712) 340-7900
Listing date May 2, 2025
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.
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 |
