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    302 Jones St, Unit 210 Sioux City, IA 51101

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    For Sale
    $875,000

    Corporately leased office condo in historic district, 7.5% cap

    Property size:
    5,069 SF

    Property Features for 302 Jones St

    General Information

    Size
    5,069 SF

    Building Details

    Year built
    1906

    Source: Nathan Connelly Agent Nathan Connelly

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

    Overview

    Class A Office Condo Investment

    This Class A office condo is available as an investment opportunity with a 7.5% cap rate. The property is 100% leased by Robert W. Baird & Co., who recently extended their lease for five years. Baird has been occupying the space since the building's complete renovation in 2011. The sale includes five underground parking spaces, with the option to purchase additional spaces. Located on the second floor, the office condo features an open staircase made of 117-year-old Douglas Fir timbers within the historic United Center. The United Center is situated next to the Sioux City Convention Center, Marriott Courtyard, and a movie theater in the Historic 4th Street Entertainment District in Downtown Sioux City, IA. The property is suitable for office space and other specialty purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Adam J Dean ... Financial Planner Kevin McManamy, United ... Real Estate Agent Sydney McManamy, United ... Real Estate Agent CMBA Architects Architect The Stuck Bivens-Rose Group ... Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm 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
    -96.400728
    Latitude
    42.493124

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    FAQs

    What type of property is this?
    Office space - Corporately leased office condo in historic district, 7.5% cap
    Where is this office space located?
    The property is located at 302 Jones St, Unit 210 Sioux City, IA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: - NNN corporately leased investment with a **7.5% cap rate**; - 100% leased by Robert W. Baird & Co. with a recently extended 5-year lease; - Located in the historic United Center in Downtown Sioux City
    (712) 203-1620
    Request Owner's contact information
    302 Jones St, Unit 210 Sioux City, IA 51101
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    Sioux City, IA 51101
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    Realmo Value Estimation

    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.

    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.

    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
    302 Jones St, Unit 210 Sioux City, IA 51101
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