Property profile

1804 Okoboji Ave Milford, IA 51351

OFF-MARKET
Other investment properties
Property ID
US25-1760476
2,720 SF 0.25 ac lot Built 1971
Entity Owned 4-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

Located in Milford near Highway 71, this commercial site comprises three separate parcels totaling approximately 0.57 acres. The main parcel covers about 0.25 acres and includes a previously used chiropractor’s office building, with an overall lot dimension of approximately 146.5' x 75'. The building has potential for reconfiguration to a duplex layout, as well as continued office or retail use; it also includes updates such as two basement egress windows that provide additional finished or usable basement living space. Planned mechanical work includes an air conditioning system installation and a replacement upstairs furnace (timing referenced in the original listing). The second parcel is approximately 0.12 acres with an overall dimension of about 70' x 75' and features a 24' x 48' garage/shop that can support storage, business use, or rental purposes. The third parcel is a vacant back lot accessed off P Avenue, approximately 0.20 acres with dimensions of about 95' x 92', and offers potential for development such as a new shop, storage units, or expansion.

Property profile

Verified
Property type Other investment properties
Use group OFFICE/RESIDENTIAL (MIXED USE)
Year built 1971
Construction FRAME
Total area 2,720 SF
Lot 0.25 ac (10,977 SF)
APN 1106301029
UPID US25-1760476

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Water Treatment Plant

Location

1804 Okoboji Ave Milford, IA 51351-1259
Milford metro Census 450800 SPIRIT LAKE, IA MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$255k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$255k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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