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

    5129 Military Rd Sioux City, IA 51109

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $165,000

    0.79 acre lot suitable for development in Sioux City.

    Lot size:
    0.79 Acres

    Property Features for 5129 Military Rd

    General Information

    Lot size
    0.79 Acres

    Building Details

    Year built
    1930

    We can help!

    Listing Contact
    Lawrence Jensen
    Lawrence Jensen
    Source: Naiglobal

    Listing Agent: Lawrence Jensen

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

    Learn more

    Overview

    Prime Lot Ready for Development

    This 0.79-acre lot is build-ready and ideally suited for development. Located at 5129 Military Rd. in Sioux City, it is perfect for an owner-operator or investor-developer. The general commercial zoning allows for building on a high-traffic corner lot on Sioux City's West Side. Easy access to I-29 on the main thoroughfare between North Sioux City and Sioux City provides unlimited potential. There is also a 0.46-acre parcel across the street, offering the potential of developing the entire western side of the Military Road corner.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Building Supply Gym & Fitness Center Auto Repair Shop Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.475646
    Latitude
    42.521022

    Nearby Similar for Sale

    • New
      $399,000
      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
    • $499,000
      4,875 SF

      Renovated Office Building in Sioux City

      Three-story office building with recent renovations and flexible floor plan.
      501 Douglas St, Sioux City, IA 51101
      View Details
    • Contact for pricing
      5,300 SF

      Sioux City Retail Opportunity

      Regional shopping center with major upgrades planned and high traffic.
      5001 Sergeant Rd, Sioux City, IA 51106
      View Details
    • Contact for pricing
      5,300 SF

      Regional Shopping Center with Upgrades

      Regional shopping center in Sioux City with major upgrades planned.
      5001 Sergeant Rd, Sioux City, IA 51106
      View Details
    • Contact for pricing
      1,267 SF

      Retail Space on Hamilton Boulevard

      Open retail space in high-traffic Sioux City location.
      1925 Hamilton Blvd, Sioux City, IA 51104
      View Details
    • Contact for pricing
      1,150 SF

      Downtown Sioux City Office Space

      Executive office space in the Historic Frances Building.
      505 5Th St, Sioux City, IA 51101
      View Details
    • Contact for pricing
      3,302 SF

      Downtown Office Suite Sublease

      Professional office suite in a prestigious downtown office tower.
      600 4Th Street Cir, Sioux City, IA 51101
      View Details
    • Contact for pricing
      1,250 SF

      Prime Commercial Space in Sioux City

      High-visibility commercial space suitable for office, service, or retail.
      2816 Hamilton Blvd, Sioux City, IA 51104
      View Details
    • New
      Contact for pricing
      250 SF

      Historic Downtown Sioux City Office

      Office space in the iconic Frances Building, downtown Sioux City.
      505 5Th St, Sioux City, IA 51101
      View Details
    • Contact for pricing
      2,308 SF

      Premier Office Space in Sioux City

      Class A office space with city views and skywalk access.
      600 4Th Street Cir, Sioux City, IA 51101
      View Details
    • Contact for pricing
      933 SF

      Downtown Sioux City Office Suite

      Professional office space in a modern, secure downtown building.
      600 4Th Street Cir, Sioux City, IA 51101
      View Details
    • $315,000
      0.23 Acres

      Prime Corner Lot Office Building

      Exceptional office building with remodeled interior and private parking.
      623 Jackson St, Sioux City, IA 51101
      View Details

    FAQs

    What type of property is this?
    Commercial land - 0.79 acre lot suitable for development in Sioux City.
    Where is this commercial land located?
    The property is located at 5129 Military Rd Sioux City, IA.
    What is the asking price?
    The asking price for this property is $165,000.
    What are key features of this property?
    This property features: - Prime 0.79 Acre build-ready lot.; - General commercial zoning allows for diverse development opportunities.; - High traffic corner lot location on Sioux City's West Side.
    (712) 898-8206
    Request Owner's contact information
    5129 Military Rd Sioux City, IA 51109
    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.
    5129 Military Rd
    Sioux City, IA 51109
    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
    5129 Military Rd Sioux City, IA 51109
    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
    Lawrence Jensen
    Lawrence Jensen
    (712) 898-8206 (712) 224-2727
    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!