Dry Cleaning Manufacturing
For Sale
$500,000
1924 Pierce St, Sioux City, IA 51104
Established dry cleaning plant and real estate asset built in 1925.
Property Size5,338 SF
Days on Market56
Property Features for 1924 Pierce St
General Information
Standard status
Active
Size
5,338 SF
Property subtype
Business & Real Estate
Additional Details
Business Included
Yes
Building Details
Building Size
5,338 SF
Year Built
1925
Listing Agency:
NAI United
Listed By:
Chris Bogenrief, SIOR, CCIM, MBA · License #11318
(712) 204-6261
Source:
Naiunited
Added: Aug 22
Changed: Oct 3
Last Checked: Oct 14 at 8:50PM
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
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Investment Insights
Based on property information with market context.
This manufacturing property consists of a dry cleaning plant and associated real estate at 1924 Pierce St in Sioux City, Iowa. The facility was built in 1925 and is offered for sale as a combined operating property and real estate asset.
Key Highlights
- Dry cleaning plant with associated real estate
- Manufacturing property built in 1925
- Located at 1924 Pierce St, Sioux City, IA 51104
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,258
Cap Rate
5.25%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$525,160
$525.2K
Cap Rate 7%
$375,114
$375.1K
Cap Rate 9%
$291,756
$291.8K
Market Conditions
NOI Build-Up for 5,338 SF
Gross rent
$39.1K $7.32/SF
− Vacancy
−$1.6K −$0.29/SF
EGI
$37.5K $7.03/SF
− OpEx
−$11.3K −$2.11/SF
NOI
$26.3K $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%
$525,160
Cap Rate 7%
$375,114
Cap Rate 9%
$291,756
Alternative Uses
Best Use
Industrial
$375.1K
$328.2K – $437.6K
NOI $26,258 @ 7.0% cap · market cap 5.25%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$802.1K
$701.9K – $935.8K
NOI $56,149 @ 7.0% cap · market cap 11.23%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
751
Businesses Nearby
Explore this area
Business Placement
Demographics for 51104, IA
23,080
Population
9,119
Households
2.5
Avg Household Size
35
Median Age
28%
College-Educated
89%
High-School Grad
7.5 sq mi
ZIP Area
3,077
Density / Sq Mi
$74,984
Median Household Income
$42,411
Median Earnings
$955
Median Rent
$193,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Established dry cleaning plant and real estate asset built in 1925.
Where is this manufacturing property located?
The property is located at 1924 Pierce St Sioux City, IA.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Dry cleaning plant with associated real estate; Manufacturing property built in 1925; Located at 1924 Pierce St, Sioux City, IA 51104
