Flex Building with Fenced Storage
New
For Sale
$450,000
1605 9th St, Sioux City, IA 51101
An office-finished, dock-high building is paired with a separate storage structure and concrete-paved yard.
Property Size3,504 SF
Lot Size0.78 Acres
Days on Market4
Property Features for 1605 9th St
General Information
Standard status
Active
Size
3,504 SF
Lot size
0.78 Acres
Property subtype
Industrial Service Center & Yard
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Building Details
Building Size
3,504 SF
Year Built
1972
Buildings
2
Listing Agency:
NAI United
Listed By:
Chris Bogenrief, SIOR, CCIM, MBA · License #11318
(712) 204-6261
Source:
Naiunited
Added: Oct 2
Changed: Oct 3
Last Checked: Oct 5 at 5:35PM
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
Investment Insights
Based on property information with market context.
The property includes a 3,504-square-foot main building with office finishes and a dock-high configuration, plus a separate 900-square-foot storage building measuring 30 by 30 feet. A conference room is part of the main building. The improvements date to 1972, and the 0.78-acre site is zoned for outside storage.
More than half of the parcel has concrete paving, including a fenced area used for storage. The main building’s dock-high layout and conference room offer existing features associated with receiving and office operations.
More than half of the parcel has concrete paving, including a fenced area used for storage. The main building’s dock-high layout and conference room offer existing features associated with receiving and office operations.
Key Highlights
- 3,504‑square‑foot main building with office finishes and dock‑high configuration
- Separate 900‑square‑foot storage building measuring 30' x 30'
- 0.78‑acre site zoned for outside storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$20,930
Cap Rate
4.65%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,600
$418.6K
Cap Rate 7%
$299,000
$299.0K
Cap Rate 9%
$232,556
$232.6K
Market Conditions
NOI Build-Up for 3,504 SF
Gross rent
$25.6K $7.32/SF
− Vacancy
−$1.0K −$0.29/SF
EGI
$24.6K $7.03/SF
− OpEx
−$3.7K −$1.05/SF
NOI
$20.9K $5.97/SF
Area
Woodbury County, IA
Vacancy
4.00%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$418,600
Cap Rate 7%
$299,000
Cap Rate 9%
$232,556
Alternative Uses
Best Use
Warehouse
$299.0K
$261.6K – $348.8K
NOI $20,930 @ 7.0% cap · market cap 4.65%
Second Best
Flex RnD
$298.1K
$260.9K – $347.8K
NOI $20,870 @ 7.0% cap · market cap 4.64%
Theoretical Best
Specialty Retail
$526.5K
$460.7K – $614.3K
NOI $36,858 @ 7.0% cap · market cap 8.19%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
666
Businesses Nearby
Under-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - An office-finished, dock-high building is paired with a separate storage structure and concrete-paved yard.
Where is this flex space located?
The property is located at 1605 9th St Sioux City, IA.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,504‑square‑foot main building with office finishes and dock‑high configuration; Separate 900‑square‑foot storage building measuring 30' x 30'; 0.78‑acre site zoned for outside storage
