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    Insulated Storage Unit Building Title is generated by Realmo AI

    888 630th Street, Storm Lake, IA 50588

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    Picture of Self storage facilities at 888 630th Street, Storm Lake, IA
    For Sale
    $79,800

    COMMERCIAL - Storm Lake, IA

    Property size:
    1,400 SF
    Lot size:
    0.19 Acres
    Price / SF:
    $57/SF
    Added:
    Jun 4, 2026
    Days on Market:
    3
    Last Refresh:
    Jun 6 at 5:06 am

    Property Features for 888 630th Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1420205000
    Lot size
    0.19 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Per Abstract

    Building Details

    Year built
    2026

    We can help!

    Listing Contact
    Steven Brashears

    Listing agent Steven Brashears License #S58624

    Listing office Compass Real Estate of NW IA 222 W Milwaukee Ave, Storm Lake, IA

    Listing date Jun 4, 2026

    MLS# 833236

    Copyright © 2026 Northwest Iowa Regional 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.

    HighLights

    • New construction storage units on a hard‑surface road just south of Storm Lake, scheduled for completion late summer 2026
    • Each unit offers 28' x 50' size with 1,400 SF, 16' sidewalls, and finished ceilings
    • 14' x 14' insulated overhead door with opener and 1 remote, plus a 36" walk‑in door with keypad lock
    • 5" concrete floors with 2 electric outlets and 2 lights, and 100‑amp electric service with individual meter
    • HOA fees anticipated at $550/year covering insurance, snow removal, and lawn care
    • Interior finish is available for additional cost; multiple units available in the project

    Overview

    This offering is a self-storage project featuring new construction 28-by-50 storage units with 16-foot sidewalls. Each unit includes a 14-by-14 insulated overhead door with opener and one remote, along with a 36-inch walk-in door with a keypad lock. The interiors are built out with finished ceilings and 5-inch concrete floors, plus basic in-unit electrical and lighting support including two electric outlets and two lights. Electrical service is provided with individual electrical metering for each unit, and the building includes 100 amp electric service per unit.

    The units are located on a hard-surface road just south of Storm Lake, with construction scheduled to be completed late summer of 2026. Multiple units are available within the project. An anticipated HOA fee of $550 per year is included in the provided information, covering insurance, snow removal, and lawn care.

    The layout and door configuration are well suited for tenants looking for enclosed storage with straightforward vehicle access and controlled entry. With finished ceilings, thicker concrete flooring, and dedicated electrical metering, the units are designed to support a range of storage needs, and interior finish is available for an additional cost where desired.
    Property Profile Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Suggested Use

    Gym & Fitness Center Garden Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Storm Lake
    County
    Buena Vista
    State
    Iowa
    Longitude
    -95.233425
    Latitude
    42.6043423

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    FAQs

    What type of property is this?
    Self storage facility - New construction storage units with insulated overhead doors, finished interiors, and dedicated electric metering.
    Where is this self storage facility located?
    The property is located at 888 630th Street Storm Lake, IA.
    What is the asking price?
    The asking price for this property is $79,800.
    What are key features of this property?
    This property features: New construction storage units on a hard‑surface road just south of Storm Lake, scheduled for completion late summer 2026; Each unit offers 28' x 50' size with 1,400 SF, 16' sidewalls, and finished ceilings; 14' x 14' insulated overhead door with opener and 1 remote, plus a 36" walk‑in door with keypad lock
    (712) 299-4684
    We can help!
    Listing Contact
    Steven Brashears
    Real Estate License ID: S58624
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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