Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Flat Home Building Lot Title is generated by Realmo AI

    3651 Flat Water Dr, South Sioux City, NE 68776

    View on Map
    Claim this Listing
    For Sale
    $75,000

    LAND - South Sioux City, NE

    Lot size:
    0.50 Acres
    Added:
    May 31, 2026
    Days on Market:
    8
    Last Refresh:
    Jun 7 at 2:06 am

    Property Features for 3651 Flat Water Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    res
    Standard status
    Active
    APN
    000000000
    Lot size
    0.50 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    lot 1,2,3,4 Prairie Grove Add South Sioux City Ne
    Tax Annual Amount
    20

    We can help!

    Listing Contact
    Michele Ivener, CRS
    Michele Ivener, CRS

    Listing agent Michele Ivener, CRS

    Listing office Century 21 ProLink 1114 4th Street, Sioux City, NE

    Listing date May 31, 2026

    MLS# 833186 Listing URL

    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

    • 1.5–2‑acre home building lot in South Sioux City
    • Flat lot with 137 ft x 180 ft dimensions
    • Any builder is allowed to build on the lots
    • City water and sewer available
    • Located on a paved street
    • Multiple lots available; Lot 1 is farthest to the north

    Overview

    This offering presents a flat home building lot in South Sioux City, Nebraska. The property supports residential construction and allows any builder to build on the lot. Site dimensions are approximately 137 feet by 180 feet, and the setting is suited for straightforward home development.

    The lot is located on a beautiful paved street with city water and sewer available. Four home building lots are available as part of this offering, with lot 1 positioned farthest to the north. Please note that parcel number information is not available until next year.

    For buyers looking to construct a primary residence, this is a practical choice due to the residential zoning and the availability of public utilities at the street. Since any builder is permitted, owners can select their preferred builder and timeline while planning a new build on a level, developable parcel. If you’d like, we can help you identify which of the available lots best fits your intended site layout once parcel details are released.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    South Sioux City
    County
    Dakota
    State
    Nebraska
    Longitude
    -96.3843
    Latitude
    42.4551

    Nearby Similar for Sale

    • $350,000

      Office/Warehouse Flex Property

      Versatile office and warehouse layout with drive-thru potential and multiple overhead doors, supporting a range of light industrial uses.
      1905 A Street, South Sioux City, NE 68776
      View Details
    • Contact for pricing

      Office/Retail Suite in Plaza

      Well-lit suite with front and back entrances, multiple offices, and ample parking for professional or service tenants.
      3220 Plaza Drive, South Sioux City, NE 68776
      View Details
    • Contact for pricing

      Office Suite with Private Office

      Efficient office suite with open work area, private office, and restroom, plus on-site parking and roadway visibility.
      730 W 21st Street, South Sioux City, NE 68776
      View Details
    • $340,000

      Commercial Building in High-Visibility Location

      Fully occupied commercial building in prime South Sioux City location.
      125 E 22nd, South Sioux City, NE 68776
      View Details
    • $1,100,000
      11,495 SF

      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
    • Contact for pricing

      Turnkey Coffee Shop Space

      Ready-to-operate cafe layout with existing equipment and a patio setting in a growing mixed-use community.
      2701 Flatwater, South Sioux City, NE 68776
      View Details
    • $419,000

      Fully Occupied Office Building

      Office building for sale, fully occupied with three suites.
      901-03 West 21st Street | South Sioux City, NE 68776
      View Details
    • $150,000

      South Sioux City Commercial Land

      3.31 acres in growing TIF district, South Sioux City.
      W 21st St. Lots 1 & 2, South Sioux City, NE 68776
      View Details
    • $350,000
      3,980 SF

      Versatile Office/Warehouse Property For Sale

      Office and warehouse space in a strong commercial corridor.
      1905 A St, South Sioux City, NE 68776
      View Details
    • $1,315,367
      10,772 SF

      Class A Office Building

      Class A office building featuring geothermal heating and cooling system.
      3311 Daniels Ln, South Sioux City, NE
      View Details
    • $120,000

      Residential Buildable Lot

      Build-ready residential lot in an active development with flexible neighborhood options.
      397 Walnut Lane, South Sioux City, NE 68776
      View Details
    • $125,000

      Residential Land Lot in Development

      Build-ready residential lot in a thriving development with no HOA fees until 2028 and an HOA cap before 2035.
      394 Walnut Lane, South Sioux City, NE 68776
      View Details

    FAQs

    What type of property is this?
    Land - Flat residential lot with city water and sewer on a paved street—ready for a new home build.
    Where is this land located?
    The property is located at 3651 Flat Water Dr South Sioux City, NE.
    What is the asking price?
    The asking price for this property is $75,000.
    What are key features of this property?
    This property features: 1.5–2‑acre home building lot in South Sioux City; Flat lot with 137 ft x 180 ft dimensions; Any builder is allowed to build on the lots
    (712) 259-1189
    We can help!
    Listing Contact
    Michele Ivener, CRS
    Michele Ivener, CRS
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3651 Flat Water Dr, South Sioux City, NE 68776
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!