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    Nathan Connelly, Sioux City, IA

    License ID: S62387000
    Tri-State Real Estate Llc
    Association
    Northwest Iowa Regional Board Of Realtors

    Service Locations

    Contact details

    Phone:
    (712) 224-2727
    Office Address:
    302 Jones St Ste 100, Sioux City, IA, 51101

    Performance

    Listings
    31

    Listings

    For Sale (24)

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    • Contact for pricing

      Sioux City Industrial Park Land

      32.76 acres in Bridgeport Industrial Park, Sioux City.
      2300 Boulevard Of Champions, Sioux City, IA 51111
      View Details
    • Contact for pricing
      2,680 SF

      Renovated 5-Unit Rental Property

      Fully renovated 5-unit rental property with recent upgrades.
      1600 Nebraska St, Sioux City, IA 51105
      View Details
    • Contact for pricing
      2,800 SF

      Dakota Dunes Office Condo

      2,800 SF office condo, currently a dental office.
      383 W Steamboat Dr, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing
      11,640 SF

      Sioux City Office Building For Sale

      Centrally located office building with ample parking and easy access.
      2800 Gordon Dr, Sioux City, IA 51106
      View Details
    • Contact for pricing

      1.1 Acre Buildable Site

      Commercial land for sale on Gordon Drive, Sioux City.
      2800 Gordon Dr, Sioux City, IA 51106
      View Details
    • $450,000
      2,800 SF

      Dakota Dunes Office Condo

      2,800 SF office condo in Dakota Dunes, South Dakota.
      383 W Steamboat Dr, Dakota Dunes, SD 57049
      View Details
    • $1,200,000

      Historic Building with Private Parking

      Mixed-use building with parking ramp in downtown Sioux City.
      613 Pierce St, Sioux City, IA 51101
      View Details
    • $133,000
      1,250 SF

      Storage Condominiums For Sale

      Gated 25' x 50' storage condominiums suitable for RVs.
      596-598 Flurie Rd, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      Visible Land Overlooking Golf Club

      Highly visible land near I-29 and Two Rivers Golf Club.
      Oak Tree Ln, Dakota Dunes, SD 57049
      View Details
    • $238,440

      Downtown Sioux City Office Condominium

      Remodeled office condo in downtown entertainment district with skywalk access.
      700 4Th Street Cir, Sioux City, IA 51101
      View Details
    • Contact for pricing

      Dakota Dunes Corporate Campus Land

      Commercial and light industrial lots in scenic Dakota Dunes.
      Two Rivers Dr, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      Commercial Lot in Medical Campus

      3.22 acre commercial lot in established medical campus.
      Flurie Rd, Dakota Dunes, SD 57049
      View Details
    • $10,956,721
      52,061 SF

      Leased Retail Center Near Bypass

      100% leased retail center with corporate guarantees.
      5747 Sunnybrook Ct, Sioux City, IA 51106
      View Details
    • $2,764,018
      22,370 SF

      Net Leased Investment Property

      Single tenant, long-term leased investment property.
      202-224 N Derby Ln, North Sioux City, SD 57049
      View Details
    • Contact for pricing

      Dakota Dunes Commercial Land Parcels

      Commercial land for sale in Dakota Dunes medical campus.
      Sioux Point Rd, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      Dakota Dunes Corporate Campus Land

      20.15 acres of land for corporate office development.
      20.15 Acres Corporate Campus, Dakota Dunes, SD 57049
      View Details
    • $575,000
      5,964 SF

      Office Building with Billboard Potential

      Office building with flexible floor plan and billboard opportunity.
      1515 Zenith Dr, Sioux City, IA 51103
      View Details
    • $1,050,000
      14,012 SF

      North Sioux City Multifamily Property

      Well-maintained 14-unit multifamily property in North Sioux City, South Dakota.
      800 Highway 105 N, North Sioux City, SD 57049
      View Details
    • Contact for pricing

      Dakota Dunes Commercial Land Parcels

      Commercial lots in Dakota Dunes' Medical and Professional Campus.
      995 Sioux Point Rd, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      Dakota Dunes Commercial Land Parcels

      Commercial lots in established medical and professional campus.
      715 Sioux Point Rd, North Sioux City, SD 57049
      View Details
    • $135,000

      Storage Condominiums in Dakota Dunes

      Gated 25'x50' storage condominiums suitable for RV storage.
      596-598 Flurie Rd, Dakota Dunes, SD 57049
      View Details
    • $1,100,000

      South Sioux City Retail/Office Building

      Fully occupied retail and office building in high-traffic location.
      1027-1035 W 21St St, South Sioux City, NE 68776
      View Details
    • $450,000

      Dakota Dunes Office Condo

      2,800 SF office condo in Dakota Dunes, SD for sale.
      383 W Steamboat Dr, Dakota Dunes, SD 57049
      View Details
    • $10,956,721

      Leased Retail Center Near Target

      100% leased retail center anchored by national tenants.
      5747 Sunnybrook Ct, Sioux City, IA 51106
      View Details

    For Lease (7)

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    • Contact for pricing

      Sioux City Office Building

      Office building in Sioux City with highway access and parking.
      2800 Gordon Dr, Sioux City, IA 51106
      View Details
    • $5 SF/Yr

      Sioux City Warehouse Space Available

      Warehouse space for lease with fenced yard and multiple doors.
      6023 Gordon Dr, Sioux City, IA 51106
      View Details
    • $15 SF/Yr
      8,817 SF

      Retail/Office Space For Lease

      Former retail store suitable for office, medical, or drive-through.
      200 Gold Cir, Dakota Dunes, SD 57049
      View Details
    • $3,000 /Mo
      10,500 SF

      Class A Office Space Available

      2,250 SF Dakota Dunes office space for lease.
      370 West Anchor Dr, Dakota Dunes, SD 57049
      View Details
    • $10 SF/Yr

      Renovated Office Space Available

      Move-in ready office spaces with flexible sizes in renovated building.
      300 Centennial Dr, North Sioux City, SD 57049
      View Details
    • $5 SF/Yr

      Large Warehouse with Fenced Yard

      Spacious warehouse with dock doors, drive-through access, and fenced yard.
      6023 Gordon Dr, Sioux City, IA 51106
      View Details
    • $12 SF/Yr
      2,019 SF

      Downtown Office Space For Rent

      Office space in historic building, downtown location, parking available.
      617 Pierce St, Sioux City, IA 51101
      View Details

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    Nathan Connelly, Sioux City, IA
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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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    Nathan Connelly, Sioux City, IA
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