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    Personal Use Warehouse Unit Title is generated by Realmo AI

    2363 2nd Ave NE, Sioux Center, IA 51250

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    For Sale
    $150,000

    COMMERCIAL - Sioux Center, IA

    Property size:
    1,600 SF
    Lot size:
    1.55 Acres
    Price / SF:
    $93/SF
    Added:
    Oct 29, 2025
    Days on Market:
    218
    Last Refresh:
    Jun 3 at 10:06 am

    Property Features for 2363 2nd Ave NE

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    1028302002
    Lot size
    1.55 Acres

    Taxes and HOA fees

    Tax Year
    2022
    Tax Description
    L 2 HIGHWAY COMMERCIAL PARK - SECOND ADD
    Tax Annual Amount
    130

    Utilities

    Heating system
    Forced Air

    Building Details

    Year built
    2024
    Roof type
    Metal

    We can help!

    Listing Contact
    Rachel Hoogeveen
    Rachel Hoogeveen

    Listing agent Rachel Hoogeveen License #S58404

    Listing office Hilt Real Estate Inc 415 1st Ave NE, Sioux Center, IA

    Listing date Oct 29, 2025

    MLS# 830829

    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

    • Personal use warehouse units with forced air heat, metal roof, and ownership to customize your unit
    • Under construction south addition Unit #12: 32' x 50' with 16‑ft sidewalls and a 14' x 14' overhead door
    • Unit #12 includes gas furnace and AC, plus stubbed toilet and sink
    • Unit #12 features keyless entry and high‑speed internet/Cat6 wiring
    • Unit #12 has side entry doors that could allow splitting or an office and shop entrance
    • Association fee is $50 monthly; additional ground may be available for more parking (upgrades at buyer’s expense)

    Overview

    This property offers a personal-use warehouse opportunity designed for storage, collectors, retail, or entertainment. With ownership, you can tailor your space to your needs, and any desired upgrades can be priced out individually. Unit #12 is currently under construction as part of a south addition and will be sized at 32' x 50' with 16' sidewalls. The unit will include a 14' x 14' overhead door, and it will be equipped with a gas furnace and AC. Interior conveniences are stubbed in for a toilet and sink, and the unit will feature keyless entry and high-speed internet/Cat6. Water is stubbed in at two separate locations.

    Unit #12 will also have side entry doors, which may support splitting the space or creating an office and shop entrance. Additional ground may be available for purchase to accommodate more parking, with buyer-funded upgrades.

    This setup suits owner-operators who want control over improvements and a straightforward, serviceable warehouse layout. The overhead door, climate systems, and utilities stubs make it practical for projects ranging from hobby storage to a small, customer-facing shop, depending on how you configure the interior access and spaces.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

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

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

    Similar Places Nearby

    • Visser Elevator Inc — 412 3rd Ave NW, Sioux Center, IA 51250
    • 815 North Storage — 815 N Main Ave, Sioux Center, IA 51250

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Center
    County
    Sioux
    State
    Iowa
    Longitude
    -96.1726075
    Latitude
    43.0581166

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    FAQs

    What type of property is this?
    Warehouse - Own a flexible warehouse unit built for storage, collecting, retail, or entertainment, with unit-specific upgrades possible.
    Where is this warehouse located?
    The property is located at 2363 2nd Ave NE Sioux Center, IA.
    What is the asking price?
    The asking price for this property is $150,000.
    What are key features of this property?
    This property features: Personal use warehouse units with forced air heat, metal roof, and ownership to customize your unit; Under construction south addition Unit #12: 32' x 50' with 16‑ft sidewalls and a 14' x 14' overhead door; Unit #12 includes gas furnace and AC, plus stubbed toilet and sink
    (712) 441-5100
    We can help!
    Listing Contact
    Rachel Hoogeveen
    Rachel Hoogeveen
    Real Estate License ID: S58404
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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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