Bank Branch with
For Sale
$499,000
2015 S SAINT AUBIN ST, Sioux City, IA 51106
Commercial, Sioux City, IA
Property Size3,333 SF
Lot Size0.52 Acres
Price / SF$149.71
Days on Market87
Property Features for 2015 S SAINT AUBIN ST
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Mside Central
Standard status
Active
APN
884706210014
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ST AUBIN PLACE LOT 1-2-3 BLK 2
Tax Annual Amount
12329
Legal Description
ST AUBIN PLACE LOT 1-2-3 BLK 2
Amenities
covered drive-through canopy
teller stations
vault provisions
private offices
Building Details
Year built
1957
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Jun 18
Changed: Sep 9
Last Checked: Sep 12 at 12:06AM
MLS# 833482
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.
Investment Insights
Based on property information with market context.
This former bank branch occupies a 3,333-square-foot building constructed in 1957 on a 0.52-acre corner site. The property includes a three-lane covered drive-through canopy with protective bollards, teller stations, and vault provisions. Interior improvements include an open layout, private offices, frosted-glass partitions, and dedicated employee workspace. The exterior combines brick and metal panels, while on-site parking surrounds the building.
Located at 2015 S Saint Aubin St in Sioux City, Iowa, the property presents an existing configuration for operations requiring drive-up service, customer-facing space, and administrative areas. Its banking-oriented improvements may also support consideration by a financial institution, credit union, pharmacy, or medical clinic, as identified in the property information.
Located at 2015 S Saint Aubin St in Sioux City, Iowa, the property presents an existing configuration for operations requiring drive-up service, customer-facing space, and administrative areas. Its banking-oriented improvements may also support consideration by a financial institution, credit union, pharmacy, or medical clinic, as identified in the property information.
Key Highlights
- 3,333 SF bank branch building constructed in 1957
- 0.52‑acre corner site at 2015 S Saint Aubin St, Sioux City, IA 51106
- Three‑lane covered drive‑through canopy with protective bollards
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$35,059
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,180
$701.2K
Cap Rate 7%
$500,843
$500.8K
Cap Rate 9%
$389,544
$389.5K
Market Conditions
NOI Build-Up for 3,333 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$50.0K $15.00/SF
− Vacancy
−$3.2K −$0.98/SF
EGI
$46.7K $14.03/SF
− OpEx
−$11.7K −$3.51/SF
NOI
$35.1K $10.52/SF
Area
Woodbury County, IA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$701,180
Cap Rate 7%
$500,843
Cap Rate 9%
$389,544
Alternative Uses
Best Use
Specialty Retail
$500.8K
$438.2K – $584.3K
NOI $35,059 @ 7.0% cap · market cap 7.03%
Second Best
Retail
$472.4K
$413.4K – $551.1K
NOI $33,068 @ 7.0% cap · market cap 6.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 51106, IA
28,655
Population
11,681
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
93%
High-School Grad
33.5 sq mi
ZIP Area
855
Density / Sq Mi
$74,486
Median Household Income
$40,495
Median Earnings
$1,080
Median Rent
$186,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Bank - Former bank facility with covered drive-up lanes, offices, parking, and banking-specific interior features.
Where is this bank located?
The property is located at 2015 S SAINT AUBIN ST Sioux City, IA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: 3,333 SF bank branch building constructed in 1957; 0.52‑acre corner site at 2015 S Saint Aubin St, Sioux City, IA 51106; Three‑lane covered drive‑through canopy with protective bollards
