Prole Mini Storage
Prole, IA
Asking price
$535,000
Units
50
Cap rate
—
Price / unit
$10,700
About this property
Argus Self Storage Property Listings Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Listings Who We Are Find A Broker What We Do News & Research Market Monitor Presentations Industry News Closings Contact Prole Mini Storage Back to Results UNDER CONTRACT Prole, IA $535,000 Prole Mini Storage represents an opportunity to acquire a stabilized, cash-flowing self-storage asset with a straightforward operational profile and immediate income from day one. The facility has sustained strong occupancy without active marketing spend, filling through local demand, and established boots-on-the-ground support is already in place to assist an incoming remote owner. This 9,700 square-foot property, located just 20 minutes south of Des Moines, IA, offers a diverse unit mix including outdoor parking, gated access with keypad entry, and a clear path to stable long-term cash flow. The seller has indicated a willingness to explore seller financing, lowering the barrier to entry for buyers seeking flexibility outside of conventional debt. The Prole market features limited self-storage competition in the immediate area, supporting the facility’s ability to maintain strong occupancy without rate concessions or aggressive marketing. Combined with a growing surrounding trade area and meaningful rate upside relative to comparable facilities nearby, an incoming owner can acquire this asset with confidence that the fundamentals support durable income well into the future. Click Here to Request Offering Memorandum $535,000 View Executive Summary All fields are required. I am a Principal I am a Broker I accept the Disclaimer . Property Info $535,000 9,700 50 Units 10 Parking Spots Contact Listing Broker Listing Broker Nathan Gottlieb Area Storage Advisors 612-930-6614 Email Listing Broker Alex Ihrke Area Storage Advisors 612-394-7553 Email Listing Broker Tom Flannigan Area Storage Advisors 612-790-3747 Email Stay Connected Contact Us 1-800-55-STORE Contact Us 5460 S. Quebec Street Suite 100 Greenwood Village, CO 80111 info@argus-realestate.com Join Argus Interested in becoming an Argus Broker Affiliate? Learn How © 2026 Argus Self Storage Advisors.
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $535,000 |
|---|---|
| Units | 50 |
| Price per unit | $10,700 |
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 15, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a storage facility, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Physical vs economic occupancy — not disclosed
What is physical occupancy, and what is economic occupancy?
A facility can be 92% full and still be collecting far less, through concessions and delinquency. Physical occupancy alone flatters the deal.
Climate-controlled share — not disclosed
How many units are climate-controlled, and what is the rate premium?
Climate-controlled space earns more per square foot and costs more to run. The mix changes both sides of the model.
Expansion land and entitlements — not disclosed
Is there expansion land, and has anything been entitled or permitted?
Often the whole thesis in storage. Also the difference between a plan and a permit.
How it is managed today — not disclosed
Is this staffed, remotely managed or unmanned, and does a management contract transfer?
Decides whether the expense line you are shown survives the sale.
Asking price — disclosed
Currency of the asking price — disclosed
Unit mix and rent roll — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Oct 18, 2026Status changedactive → stale (source absence)
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.