Building Details

Building Size 38,166 SF

Year Built 1999

Listing Agency: NAI Sioux Falls d***@naisiouxfalls.com Show Phone

Listed By: Dale Zomer · License #16458 Show Phone

Source: Siouxfallscommercial

Added: Jan 27 Changed: Aug 22 Last Checked: Aug 21 at 4:00AM

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Investment Insights

Based on property information with market context.

This commercial property features a 67-room hotel on a 1.40-acre (60,984 SF) lot. The paved parking lot offers 67 spaces. Zoned for commercial use, the property's 2024 revenue was $1,959,315, with real estate taxes totaling $24,661. Projections for 2025 include a revenue of $1,630,000 and an occupancy rate of 60.15%. The ADR (Average Daily Rate) from January to July 2025 is projected to be $106.10, with a REV PAR (Revenue Per Available Room) of $63.82. The Gross Revenue Multiplier (GRM) is 3.50 times the 2025 figures. The property's cap rate is 8.0%, with a price per room of $85,074 and a price per square foot of $162.45. A Hilton license is negotiable for 10 years. The Property Improvement Plan (PIP) is nearly complete. Financial details are available upon request with a signed Confidentiality Agreement.

Key Highlights

• High Cap Rate: 8.0%
• Hilton License: 10 Years - Negotiable
• Strong Revenue: $1,959,315 (2024)

Property Analytics

Property Profile

Current Use

Hampton Inn North ... Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Parking Lot & Garage Electrical Service Restaurant Auto Repair Shop Furniture & Home Goods

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

182

Businesses Nearby

Explore this area Business Placement

Demographics for 57049, SD

7,725

Population

3,386

Households

2.3

Avg Household Size

41

Median Age

45%

College-Educated

97%

High-School Grad

14.2 sq mi

ZIP Area

544

Density / Sq Mi

$93,239

Median Household Income

$49,120

Median Earnings

$1,160

Median Rent

$406,300

Median Home Value

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Frequently Asked Questions

What type of property is this?

Hotel - 67-room hotel with 8.0% cap rate and Hilton license.

Where is this hotel located?

The property is located at 101 Sodrac Drive North Sioux City, SD.

What is the asking price?

The asking price for this property is $5,300,000.

What are key features of this property?

This property features: High Cap Rate: 8.0%; Hilton License: 10 Years - Negotiable; Strong Revenue: $1,959,315 (2024)