Corner Storefront With
New
For Sale
$1,495,000
1625 Hamilton Boulevard, Sioux City, IA 51103
Retail and office configuration includes dedicated work, storage, parking, and restroom areas.
Property Size5,058 SF
Days on Market3
Property Features for 1625 Hamilton Boulevard
General Information
Standard status
Active
Size
5,058 SF
Total Parking Spaces
18
Property subtype
Retail
Additional Details
Corner Location
Yes
Amenities
open showroom
private office
large storage room
two restrooms
Building Details
Building Size
5,058 SF
Year Built
2009
Buildings
1
Listing Agency:
(712) 251-8276
Listed By:
Beau Braunger, SIOR, CCIM
(712) 251-8276
Source:
Naiunited
Added: Aug 9
Changed: Aug 10
Last Checked: Aug 11 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 Beau Braunger, SIOR, CCIM
Investment Insights
Based on property information with market context.
This 2009 storefront property combines retail and office functionality in a corner-positioned building on Hamilton Boulevard. The interior includes an expansive showroom, a private office, a substantial storage room, and two restrooms, creating a practical mix of public-facing and back-of-house areas.
The property provides off-street parking with 18 stalls and occupies a hard-corner position along Hamilton Boulevard. Its retail-oriented layout and dedicated office, storage, and restroom spaces support a range of commercial operations requiring customer areas alongside administrative and support functions.
The property provides off-street parking with 18 stalls and occupies a hard-corner position along Hamilton Boulevard. Its retail-oriented layout and dedicated office, storage, and restroom spaces support a range of commercial operations requiring customer areas alongside administrative and support functions.
Key Highlights
- Hard‑corner position on Hamilton Boulevard
- 18 off‑street parking stalls
- Open showroom with private office
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$50,183
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.36%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,660
$1.0M
Cap Rate 7%
$716,900
$716.9K
Cap Rate 9%
$557,589
$557.6K
Market Conditions
NOI Build-Up for 5,058 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$78.3K $15.48/SF
− Vacancy
−$6.6K −$1.31/SF
EGI
$71.7K $14.17/SF
− OpEx
−$21.5K −$4.25/SF
NOI
$50.2K $9.92/SF
Area
Woodbury County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,003,660
Cap Rate 7%
$716,900
Cap Rate 9%
$557,589
Alternative Uses
Best Use
Retail
$716.9K
$627.3K – $836.4K
NOI $50,183 @ 7.0% cap · market cap 3.36%
Second Best
Office B
$365.6K
$319.9K – $426.6K
NOI $25,595 @ 7.0% cap · market cap 1.71%
Theoretical Best
Specialty Retail
$760.1K
$665.1K – $886.7K
NOI $53,204 @ 7.0% cap · market cap 3.56%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
354
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 51103, IA
16,827
Population
6,867
Households
2.5
Avg Household Size
35
Median Age
17%
College-Educated
77%
High-School Grad
12.1 sq mi
ZIP Area
1,391
Density / Sq Mi
$57,212
Median Household Income
$35,136
Median Earnings
$887
Median Rent
$124,400
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Similar Off Market Nearby
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Frequently Asked Questions
What type of property is this?
Storefront property - Retail and office configuration includes dedicated work, storage, parking, and restroom areas.
Where is this storefront property located?
The property is located at 1625 Hamilton Boulevard Sioux City, IA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Hard‑corner position on Hamilton Boulevard; 18 off‑street parking stalls; Open showroom with private office
