Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    501 Prosperity Way North Sioux City, SD 57049

    View on Map
    Sponsored
    For Sale
    $575,000

    Commercial - No. Sioux City, SD

    Property size:
    6,240 SF
    Lot size:
    1.00 Acre
    Days on Market:
    40
    Last Refresh:
    Mar 16 at 9:06 am

    Property Features for 501 Prosperity Way

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    05.07.10.2111
    Size
    6,240 SF
    Lot size
    1.00 Acre

    Building Details

    Year built
    2021
    Floors in Building
    1
    Architectural style
    Other

    We can help!

    Listing Contact
    Jennifer Rose Bass
    Jennifer Rose Bass

    Century 21 ProLink (712) 224-2300

    Listing agent Jennifer Rose Bass (712) 224-2300

    Listing date Feb 4, 2026

    MLS# 830330 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.

    Learn more

    Property Insight Report

    Overview

    Move-in Ready Industrial Building

    This 6,240 square foot industrial building offers a blend of office and warehouse space. The 2,400 square feet of finished office space includes four private offices, a conference room, three built-in open workstations, a full kitchen, and washer/dryer hookups. The 3,840 square foot warehouse features three-phase power and three 10' x 10' overhead doors, with open floor space. In-floor heat runs throughout the entire building. Situated in Flynn Business Park, this property is suitable for businesses seeking a professional image and industrial capability. The property is located in No. Sioux City, SD, within Union County. The lot size is 1 acre. The building is move-in ready. The seller requires at least 45 days to vacate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Travel Agency

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

    Location Insight

    • Map
    • Local Demand
    City
    North Sioux City
    County
    Union
    State
    South Dakota
    Longitude
    -96.5446
    Latitude
    42.532

    Nearby Similar for Sale

    • Contact for pricing
      2,890 SF

      Spacious Second-Floor Office Suite

      2,890 SF office suite with reception, offices, and conference room.
      600 N Derby Ln, North Sioux City, SD 57049
      View Details
    • Contact for pricing
      2,748 SF

      Move-in Ready North Sioux City Office

      Well-maintained 2,748 SF office space with flexible floor plan.
      600 N Derby Ln, North Sioux City, SD 57049
      View Details
    • Contact for pricing
      1,215 SF

      North Sioux City Office Space

      Well-maintained 1,215 SF office space in North Sioux City.
      600 N Derby Ln, North Sioux City, SD 57049
      View Details
    • $650,000
      3,320 SF

      Professional Office Building Near I-29

      Professional office building with expansion potential near I-29.
      335 Wycoff Dr, North Sioux City, SD 57049
      View Details
    • $5,700,000

      67-Room Hotel for Sale

      67-room hotel with 8.0% cap rate and Hilton license.
      101 Sodrac Dr, North Sioux City, SD 57049
      View Details
    • $145,000
      1,250 SF

      Dakota Dunes Warehouse - $145K

      1,250 SF Warehouse, SD - Great Investment
      0 Shay Rd, North Sioux City, SD 57049
      View Details

    FAQs

    What type of property is this?
    Flex space - 6,240 SF industrial building with office and warehouse space.
    Where is this flex space located?
    The property is located at 501 Prosperity Way North Sioux City, SD.
    What is the asking price?
    The asking price for this property is $575,000.
    What are key features of this property?
    This property features: - Move-in ready 6,240 SF industrial building with a balance of office and warehouse space.; - 2,400 SF of finished office space including 4 private offices, conference room, kitchen, and washer/dryer hookups.; - 3,840 SF warehouse with three-phase power and three 10’ x 10’ overhead doors.
    (712) 224-2300
    Request Owner's contact information
    501 Prosperity Way North Sioux City, SD 57049
    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.
    501 Prosperity Way
    North Sioux City, SD 57049
    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
    501 Prosperity Way North Sioux City, SD 57049
    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

    We can help!
    Listing Contact
    Jennifer Rose Bass
    Jennifer Rose Bass
    (712) 224-2300 (712) 266-5972
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!