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    Automotive Service Buildings Title is generated by Realmo AI

    119 7th Street NW, Sioux Center, IA 51250

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    For Sale
    $264,900

    COMMERCIAL - Sioux Center, IA

    Property size:
    2,220 SF
    Lot size:
    0.11 Acres
    Price / SF:
    $119/SF
    Added:
    May 10, 2024
    Days on Market:
    755
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 119 7th Street NW

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Gen Comm
    Standard status
    Active
    APN
    1605227002
    Lot size
    0.11 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    LS3&4 N48' BLK 15 NORTH SIOUX CENTER
    Tax Annual Amount
    1678

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1983
    Roof type
    Metal

    We can help!

    Listing Contact
    Brenda Dokter
    Brenda Dokter

    Listing agent Brenda Dokter License #B43017

    Listing office Siouxland Town & Country Realty 210 10th St, Orange City, IA

    Listing date May 10, 2024

    MLS# 824698

    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

    • Two commercial buildings in Sioux Center, built in 1983
    • Larger building includes a front office and approximately 1,500 SF of work space with hoist, central air, and newer furnace
    • Larger building has a bathroom, insulated work area, and a 14‑ft door for access
    • Smaller building provides 720 SF of additional space, suitable to rent out or use for storage
    • Metal roof; forced‑air heat and central air

    Overview

    This sale includes two automotive-oriented commercial buildings designed for a business setup. The larger building features a front office with access to an approximately 1,500-square-foot work space. The work area includes a hoist, an air conditioner, a newer furnace, a bathroom, and insulated walls. A 14-foot door provides convenient drive-in access for client service and equipment handling. The smaller building offers roughly 720 square feet of additional space that can be rented out or used for storage.

    The property is offered in Sioux Center, Iowa, in Gen Comm zoning. The configuration supports an operator who wants a customer-facing office at the front with a dedicated service bay area behind it.

    For buyers seeking a turnkey option in the automotive and service category, this combination of office, hoist-equipped work space, and high-clearance door can streamline day-to-day operations. The second building also adds flexibility for growth, backup storage, or an additional income stream through rental.
    Property Profile Location Intelligence

    Current Use by Public Records

    Auto shops

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

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

    Similar Places Nearby

    • Central Tire and Service — 789 7th St NW #136, Sioux Center, IA 51250
    • Co-Op Gas & Oil Co — 153 N Main Ave, Sioux Center, IA 51250
    • Moget‘s Car Care & Auto Body — 468 4th St NW, Sioux Center, IA 51250
    • Mouw Motor Company, Inc. Parts — 125 22nd St NE, Sioux Center, IA 51250
    • Farmers Coop Society Truck Shop — 112 2nd ave nw, sioux center, ia 51250

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Center
    County
    Sioux
    State
    Iowa
    Longitude
    -96.1772435
    Latitude
    43.0841558

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      Sioux Center Commercial Buildings

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    FAQs

    What type of property is this?
    Auto shop - Two commercial auto-oriented buildings offer office space, a substantial work area, and an added rental or storage option.
    Where is this auto shop located?
    The property is located at 119 7th Street NW Sioux Center, IA.
    What is the asking price?
    The asking price for this property is $264,900.
    What are key features of this property?
    This property features: Two commercial buildings in Sioux Center, built in 1983; Larger building includes a front office and approximately 1,500 SF of work space with hoist, central air, and newer furnace; Larger building has a bathroom, insulated work area, and a 14‑ft door for access
    (712) 441-4196
    We can help!
    Listing Contact
    Brenda Dokter
    Brenda Dokter
    Real Estate License ID: B43017
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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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