Climate-Controlled Storage and Retail
For Sale
$275,000
807 12TH Street, Belle Plaine, IA 52208
Updated multi-income building with nine 2024 climate-controlled storage units and framed upper-level apartment potential.
Property Size3,260 SF
Price / SF$84.36
Days on Market248
Property Features for 807 12TH Street
General Information
Standard status
Active
Size
3,260 SF
Property subtype
Commercial
Lease Term
[]
Building Details
Year Built
1900
Year Renovated
2024
Listing Agency:
Realty87
Listed By:
Tami Timm
(319) 361-4663
Source:
Cbhrealty
Added: Feb 17
Changed: Oct 21
Last Checked: Oct 20 at 11:08PM
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
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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
Estimated NOI and Cap Rate
NOI / Yr
$20,756
Cap Rate
7.55%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,120
$415.1K
Cap Rate 7%
$296,514
$296.5K
Cap Rate 9%
$230,622
$230.6K
Market Conditions
NOI Build-Up for 3,260 SF
Gross rent
$25.4K $7.80/SF
− Vacancy
−$1.0K −$0.31/SF
EGI
$24.4K $7.49/SF
− OpEx
−$3.7K −$1.12/SF
NOI
$20.8K $6.37/SF
Area
Benton County, IA
Vacancy
3.97%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$415,120
Cap Rate 7%
$296,514
Cap Rate 9%
$230,622
Alternative Uses
Best Use
Retail
$440.4K
$385.3K – $513.8K
NOI $30,826 @ 7.0% cap · market cap 11.21%
Second Best
Self Storage
$395.9K
$346.4K – $461.9K
NOI $27,713 @ 7.0% cap · market cap 10.08%
Theoretical Best
Specialty Retail
$471.8K
$412.9K – $550.5K
NOI $33,028 @ 7.0% cap · market cap 12.01%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
224
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 52208, IA
2,951
Population
1,451
Households
2
Avg Household Size
45
Median Age
17%
College-Educated
95%
High-School Grad
60.7 sq mi
ZIP Area
49
Density / Sq Mi
$71,336
Median Household Income
$45,202
Median Earnings
$773
Median Rent
$119,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
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 $275,000.
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
