Four-Suite Distribution
New
For Sale
$5,500,000
1318 11th St, Sioux City, IA 51101
The property is fully occupied, with three suites expected to become available in August 2027.
Property Size86,289 SF
Days on Market3
Property Features for 1318 11th St
General Information
Standard status
Active
Size
86,289 SF
Property subtype
Distribution Center
Occupancy
100%
Additional Details
Tenant in Place
Yes
Property Use
Distribution Center
Building Details
Building Size
86,289 SF
Year Built
1958
Buildings
1
Listing Agency:
NAI United | Dakota Dunes
Listed By:
Madison Craighead · License #IA #S72955000
(712) 253-6784
Source:
Naiunited
Added: Nov 4
Last Checked: Nov 6 at 5:35AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of NAI United | Dakota Dunes
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This distribution center, built in 1958, is configured as four suites and is currently fully occupied. Suite C is leased on a short-term basis, while the owner expects Suites A, B and D to be vacant in August 2027.
The property is 15 blocks from I-29. Rail lines run along the east side, separated from the property by a 27-foot access road owned by Hawkeye Building Supply to the south.
The property is 15 blocks from I-29. Rail lines run along the east side, separated from the property by a 27-foot access road owned by Hawkeye Building Supply to the south.
Key Highlights
- Four‑suite configuration; currently 100% occupied
- Suite C has a short‑term lease
- Suites A, B and D expected to be vacated in August 2027
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$424,459
Cap Rate
7.72%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,489,180
$8.5M
Cap Rate 7%
$6,063,700
$6.1M
Cap Rate 9%
$4,716,211
$4.7M
Market Conditions
NOI Build-Up for 86,289 SF
Gross rent
$631.6K $7.32/SF
− Vacancy
−$25.3K −$0.29/SF
EGI
$606.4K $7.03/SF
− OpEx
−$181.9K −$2.11/SF
NOI
$424.5K $4.92/SF
Area
Woodbury County, IA
Vacancy
4.00%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$8,489,180
Cap Rate 7%
$6,063,700
Cap Rate 9%
$4,716,211
Alternative Uses
Best Use
Warehouse
$7.36M
$6.44M – $8.59M
NOI $515,415 @ 7.0% cap · market cap 9.37%
Second Best
Industrial
$6.06M
$5.31M – $7.07M
NOI $424,459 @ 7.0% cap · market cap 7.72%
Theoretical Best
Specialty Retail
$12.97M
$11.35M – $15.13M
NOI $907,652 @ 7.0% cap · market cap 16.50%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
1,245
Businesses Nearby
Explore this area
Business Placement
Demographics for 51101, IA
1,146
Population
723
Households
1.6
Avg Household Size
39
Median Age
11%
College-Educated
84%
High-School Grad
1.2 sq mi
ZIP Area
955
Density / Sq Mi
$18,103
Median Household Income
$25,661
Median Earnings
$676
Median Rent
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Distribution center - The property is fully occupied, with three suites expected to become available in August 2027.
Where is this distribution center located?
The property is located at 1318 11th St Sioux City, IA.
What is the asking price?
The asking price for this property is $5,500,000.
What are key features of this property?
This property features: Four‑suite configuration; currently 100% occupied; Suite C has a short‑term lease; Suites A, B and D expected to be vacated in August 2027
