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    Sioux City Commercial Building Title is generated by Realmo AI

    3301 Singing Hills Boulevard, Sioux City, IA 51106

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    Claim this Listing
    For Sale
    $1,900,000

    COMMERCIAL - Sioux City, IA

    Property size:
    11,946 SF
    Lot size:
    2,023.00 Acres
    Price / SF:
    $159/SF
    Added:
    Apr 7, 2025
    Days on Market:
    415
    Last Refresh:
    May 26 at 1:06 pm

    Property Features for 3301 Singing Hills Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    884718155001
    Size
    11,946 SF
    Lot size
    2,023.00 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    SOUTHGATE 4TH LOT 2
    Tax Annual Amount
    55478

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Amy Kakacek
    Amy Kakacek

    Listing agent Amy Kakacek

    Listing office LPT Realty, LLC 12345 University Ave Suite 100, Clive, IA

    Listing date Apr 7, 2025

    MLS# 828194

    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

    • GSA tenant with a long‑term lease (7 years firm remaining).
    • Fully occupied two‑tenant building.
    • Located on a major commercial thoroughfare.
    • Golf shop tenant renewed their lease in 2023 and has occupied the front retail space since 2018.
    • Total building size of approximately 11,946 sf.
    • Built in 2001.

    Overview

    This commercial building, located on a major commercial thoroughfare in Sioux City, Iowa, offers approximately 11,946 square feet of fully occupied space. The property is currently configured with two tenants. The front retail space, encompassing 4,100 square feet, has been occupied by a golf shop since 2018, with a 5-year lease renewal exercised in 2023. The rear office space, approximately 7,857 square feet, has been leased to the Government Services Administration (GSA) since 2019 on a 15-year lease with 7 years firm. Both leases are modified gross leases. The lot size is 2023 acres.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.32M
    NOI $118,522 @ 9.00% cap · cautious / downside scenario
    Moderate
    $1.69M
    NOI $118,522 @ 7.00% cap · market / base-case scenario
    Aggressive
    $2.37M
    NOI $118,522 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $184.9k $15.48
    − Vacancy −$15.6k −$1.31
    EGI $169.3k $14.17
    − OpEx −$50.8k −$4.25
    NOI $118.5k $9.92
    11,946 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $1.69M
    $1.48M – $1.98M (±1% cap)
    NOI $118,522 @ 7.0% cap · market cap 6.24%
    Second Best
    Office B
    $863.6K
    $755.6K – $1.01M (±1% cap)
    NOI $60,450 @ 7.0% cap · market cap 3.18%
    Theoretical Best
    Specialty Retail
    $1.80M
    $1.57M – $2.09M (±1% cap)
    NOI $125,657 @ 7.0% cap · market cap 6.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Austad's Golf Sioux ... (Bike/Boat/Book/etc) Store Sioux City Ero ... Government Office

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.364929
    Latitude
    42.436765

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    FAQs

    What type of property is this?
    Retail space - Two-tenant building on a major commercial thoroughfare in Sioux City.
    Where is this retail space located?
    The property is located at 3301 Singing Hills Boulevard Sioux City, IA.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: GSA tenant with a long‑term lease (7 years firm remaining).; Fully occupied two‑tenant building.; Located on a major commercial thoroughfare.
    (712) 333-1111
    We can help!
    Listing Contact
    Amy Kakacek
    Amy Kakacek
    Request Owner's contact information
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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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