Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search

    513 W 27Th St Sioux City, IA 51103

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $125,000

    Land for sale in prime Sioux City location.

    Lot size:
    0.41 Acres

    Property Features for 513 W 27Th St

    General Information

    Lot size
    0.41 Acres

    Building Details

    Year built
    1920
    Source: Naiglobal

    Listing Agent: Nathan Connelly

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Sioux City Land Opportunity

    This property offers an opportunity to purchase land in Sioux City, Iowa. Situated at 513 W 27th St, the location is less than one block from Hamilton Blvd, at the intersection of W. 27th & Center Streets. This property is suitable for residential real estate development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.420334
    Latitude
    42.51805

    Nearby Similar for Sale

    • $450,000
      0.41 Acres

      Sioux City Commercial Property For Sale

      Well-located commercial property with proven rental income in Sioux City.
      4242 Gordon Dr, Sioux City, IA 51106
      View Details
    • $4,950,000
      44,256 SF

      Sioux City Townhome Portfolio

      44 townhomes in Sioux City, Iowa, offered as a portfolio.
      1600 26Th St, Sioux City, IA 51104
      View Details
    • Contact for pricing
      8,939 SF

      Class A Office Space Available

      Turnkey Class A office space in Sioux City, Iowa.
      5500 Sergeant Rd, Sioux City, IA 51106
      View Details
    • $475,000
      2,744 SF

      Sioux City Mixed-Use Opportunity

      Commercial and residential property with high visibility in Morningside.
      1113 Morningside Ave, Sioux City, IA 51106
      View Details
    • New
      $162,000
      1,887 SF

      Victorian-Style Duplex with Modern Updates

      Updated duplex with flexible floor plan and investment potential.
      1701 Ross St, Sioux City, IA 51103
      View Details
    • $350,000
      4,554 SF

      Historical Multi-Unit Investment Opportunity

      Four-unit property with updates, parking, and income potential.
      1601 Grandview Blvd, Sioux City, IA 51103
      View Details
    • Contact for pricing
      1.12 Acres

      Sioux City Warehouse/Retail/Office Space

      Versatile warehouse, light industrial, and retail/office space in Sioux City.
      811 Steuben St, Sioux City, IA 51101
      View Details
    • New
      $315,000
      0.23 Acres

      Corner Lot Office Building

      Prime office building with modern updates and private parking.
      623 Jackson St, Sioux City, IA 51101
      View Details
    • Contact for pricing
      1.09 Acres

      Pioneer Bank Building Office Space

      Street-level office space in Sioux City's Pioneer Bank Building.
      701 Pierce St, Sioux City, IA 51101
      View Details
    • $1,100,000
      8,000 SF

      Sioux City Four-Plex Townhome

      Four-unit townhome in desirable Sioux City neighborhood, investment or owner-occupied.
      3755 Glen Oaks Blvd, Sioux City, IA 51104
      View Details
    • Contact for pricing
      78.00 Acres

      Prime Downtown Retail/Office Space

      New ground floor space in historic downtown Sioux City.
      1005 4Th Street Cir, Sioux City, IA 51101
      View Details
    • $2,750,000
      54,000 SF

      Historic Sioux City Commercial Building

      Eight-story commercial building in downtown Sioux City with retail and office.
      505 5Th St, Sioux City, IA 51101
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale in prime Sioux City location.
    Where is this land located?
    The property is located at 513 W 27Th St Sioux City, IA.
    What is the asking price?
    The asking price for this property is $125,000.
    What are key features of this property?
    This property features: - Prime location in Sioux City, IA.; - Less than one block from Hamilton Blvd.; - Enticing prospect for residential real estate development.
    (712) 224-2727
    Request Owner's contact information
    513 W 27Th St Sioux City, IA 51103
    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.
    513 W 27Th St
    Sioux City, IA 51103
    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
    513 W 27Th St Sioux City, IA 51103
    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
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.