Climate-Controlled Storage and Retail
807 12th Street Belle Plaine, IA 52208
For Sale
Contact for pricing
Updated multi-income building with nine 2024 climate-controlled storage units and framed upper-level apartment potential.
Property Size3,260 SF
Price / SF$99.69
Days on Market85
Property Features for 807 12th Street
General Information
- Standard status
- Active
- Size
- 3,260 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1900
Listing Agency:
Realty87
(319) 929-0600
Listed By:
Mike Esker · License #IA B41939000
Source:
Crexi
Added: May 1
Changed: Jul 23
Last Checked: Jul 23 at 8:33AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Realty87
Investment Insights
Based on property information with market context.
This multi-income property offers turn-key, climate-controlled storage in the lower level, featuring nine newly added units available (new in 2024). The building has been substantially updated with new plumbing, electrical, and spray foam, and the storage area is presented as essentially new.
A charming main level provides additional space that can support retail or personal-service concepts. The upper level is framed and ready for completion as a one-bedroom apartment.
Located at 807 12th Street in Belle Plaine, IA, the property is positioned as a downtown opportunity with multiple income-producing components within a single building.
A charming main level provides additional space that can support retail or personal-service concepts. The upper level is framed and ready for completion as a one-bedroom apartment.
Located at 807 12th Street in Belle Plaine, IA, the property is positioned as a downtown opportunity with multiple income-producing components within a single building.
Key Highlights
- Updated multi‑income building with nine 2024 climate‑controlled storage units in the lower level
- Lower level storage features new plumbing, new electrical, and spray foam (updated)
- Upper level is framed and ready for completion of a 1‑bedroom apartment
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 | $43.0k | $13.20 |
| − Vacancy | −$3.4k | −$1.06 |
| EGI | $39.6k | $12.14 |
| − OpEx | −$11.9k | −$3.64 |
| NOI | $27.7k | $8.50 |
3,260 SF · lease $13.20/SF/yr · vacancy 8.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$440.4K
$385.3K – $513.8K
NOI $30,826 @ 7.0% cap · market cap 9.48%
Second Best
Self Storage
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 8.53%
Theoretical Best
Specialty Retail
$471.8K
$412.9K – $550.5K
NOI $33,028 @ 7.0% cap · market cap 10.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Storefront properties
FAQs
What type of property is this?
Storefront property - Updated multi-income building with nine 2024 climate-controlled storage units and framed upper-level apartment potential.
Where is this storefront property located?
The property is located at 807 12th Street Belle Plaine, IA.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Updated multi‑income building with nine 2024 climate‑controlled storage units in the lower level; Lower level storage features new plumbing, new electrical, and spray foam (updated); Upper level is framed and ready for completion of a 1‑bedroom apartment
