764 Linden Drive #26, Arnolds Park, IA 51331

Building Details

Year Built 2017 More

Units 1 More

Listing Agency: RE/MAX Lakes Realty

Listed By: Aaron Jones · License #B61252 Show Phone

Source: Clarkenrealtors

Added: Nov 6 Last Checked: Nov 6 at 2:47PM

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Review the available facts, identify missing information and prepare questions for the agent.

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Investment Insights

Based on property information with market context.

Built in 2017, this refrigerated storage unit measures 12x24 and has a 9x8 overhead door. Multiple units can be acquired and combined.

The property is at 764 Linden Drive #26 in Arnolds Park, on a county road at Bridges Bay Resort.

Key Highlights

• 12x24 refrigerated storage unit
• 9x8 overhead door
• Constructed in 2017

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$1,585

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

What to ask about pricing

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

Who owns this building? See the owner, sales and loan history

Open Analytics

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.

Location Intelligence

Trade Area within ½ mile

91

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

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$185,000

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Lake-View Triplex with Three Units

41 Dewey St, Arnolds Park, IA 51331

$699,000

3,336 SF

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Frequently Asked Questions

What type of property is this?

Refrigerated & cold storage - A refrigerated storage unit at Bridges Bay Resort offers overhead access and the option to join multiple units.

Where is this refrigerated & cold storage located?

The property is located at 764 Linden Drive #26 Arnolds Park, IA.

What are key features of this property?

This property features: 12x24 refrigerated storage unit; 9x8 overhead door; Constructed in 2017