Building Details

Year built 2017

Building materials Smart Board

Roof type Asphalt

Listing Agency: RE/MAX Lakes Realty · RE/MAX International b***@gmail.com Show Phone

Listed By: Aaron Jones · License #B61252 Show Phone

Added: Feb 5 Changed: Oct 8 Last Checked: Oct 15 at 7:06AM

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MLS# 251694

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 refrigerated and cold-storage property includes a 12x24 unit with a 9x8 overhead door. The structure was built in 2017 with Smart Board construction materials, an asphalt roof, and a driveway for on-site access.

The unit is located at 764 Linden Drive in Arnolds Park, along the county road at Bridges Bay Resort. Highway access is identified as an exterior feature. Multiple units may be purchased and combined, providing flexibility for expanded cold-storage needs.

Key Highlights

• 12x24 refrigerated and cold‑storage unit
• 9x8 overhead door
• Built in 2017 with Smart Board construction

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,585

Cap Rate

7.22%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$31,700 $31.7K

Cap Rate 7%

$22,643 $22.6K

Cap Rate 9%

$17,611 $17.6K

Market Conditions

NOI Build-Up for 288 SF

Gross rent

$2.0K $6.96/SF

− Vacancy

−$140 −$0.49/SF

EGI

$1.9K $6.47/SF

− OpEx

−$280 −$0.97/SF

NOI

$1.6K $5.50/SF

Area

Dickinson County, IA

Vacancy

7.00%

Lease Rate

$6.96 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$31,700

Cap Rate 7%

$22,643

Cap Rate 9%

$17,611

Alternative Uses

Best Use

Warehouse

$22.6K

$19.8K – $26.4K (±1% cap)

NOI $1,585 @ 7.0% cap · market cap 7.22%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$63.0K

$55.1K – $73.5K (±1% cap)

NOI $4,410 @ 7.0% cap · market cap 20.09%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Refrigerated & Cold Storage

Suggested Use

Top Pick HVAC Service Building Supply Plumbing Service Bakery Furniture & Home Goods Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

31

Businesses Nearby

Explore this area Business Placement

Demographics for 51331, IA

1,102

Population

1,622

Households

0.7

Avg Household Size

61

Median Age

42%

College-Educated

98%

High-School Grad

1.6 sq mi

ZIP Area

689

Density / Sq Mi

$84,615

Median Household Income

$41,765

Median Earnings

$718

Median Rent

$415,800

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this refrigerated & cold storage located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Refrigerated & cold storage - Refrigerated storage unit with highway access, driveway parking, and potential to combine multiple units.

Where is this refrigerated & cold storage located?

The property is located at 764 Linden Drive Arnolds Park, IA.

What are key features of this property?

This property features: 12x24 refrigerated and cold‑storage unit; 9x8 overhead door; Built in 2017 with Smart Board construction