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

    Lot 2 Riverview Drive South Sioux City, NE 68776

    View on Map
    Claim this Listing
    For Sale
    $5,445,000

    Residential - South Sioux City, NE

    Type:Single Family Residence
    Lot size:
    25.04 Acres
    Added:
    Nov 20, 2025
    Days on Market:
    161
    Last Refresh:
    Apr 30 at 12:06 am

    Property Features for Lot 2 Riverview Drive

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    220054940
    Lot size
    25.04 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    2367

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Nic Madsen

    Listing agent Nic Madsen

    Listing office Gateway Real Estate Advisors 700 Nebraska St, Dakota Dunes, NE

    Listing date Nov 20, 2025

    MLS# 831048 Listing URL

    Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    25-Acre Development Land in Nebraska

    This is a 25.04-acre parcel of land located on Riverview Drive and Arbor Drive in South Sioux City, Nebraska. The lot is positioned in a growing area of South Sioux City and is suitable for multifamily and single-family development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Restaurant Dental Office Spa & Massage Center Law Firm Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    South Sioux City
    County
    Dakota
    State
    Nebraska
    Longitude
    -96.403107
    Latitude
    42.483509

    Nearby Similar for Sale

    • $350,000

      Versatile Office/Warehouse in South Sioux

      Office and warehouse property in a strong commercial corridor.
      1905 A Street, South Sioux City, NE 68776
      View Details
    • $999,995

      High-Visibility Commercial Lot For Sale

      Premier commercial site with high traffic and visibility in South Sioux City.
      923 Dakota Ave, South Sioux City, NE 68776
      View Details
    • Contact for pricing

      South Sioux City Office Space

      Efficient office space in a highly visible South Sioux City location.
      730 W 21st Street, South Sioux City, NE 68776
      View Details
    • $340,000

      Commercial Building in High-Visibility Location

      Fully occupied commercial building in a high-visibility location.
      125 E 22nd, South Sioux City, NE 68776
      View Details
    • Contact for pricing

      Turnkey Coffee Shop Space Available

      Ready-to-operate coffee shop in growing mixed-use community.
      2701 Flatwater, South Sioux City, NE 68776
      View Details
    • $803,682

      South Sioux City Commercial Land

      3.69-acre commercial land parcel in a growing area.
      Lot 5 Riverview Drive, South Sioux City, NE 68776
      View Details
    • $381,150

      South Sioux City Commercial Land

      1.75-acre commercial land parcel in a growing area.
      Lot 6 Riverview Drive, South Sioux City, NE 68776
      View Details
    • $150,000

      South Sioux City Commercial Land

      3.31 acres of commercial land in growing TIF district.
      TBD W 21st St. Lots 1 & 2, South Sioux City, NE 68776
      View Details
    • $419,000

      Fully Occupied Office Building

      Office building for sale, fully occupied with three suites.
      901-03 West 21st Street | South Sioux City, NE 68776
      View Details
    • $1,100,000
      11,495 SF

      South Sioux City Retail/Office Building

      Fully occupied retail and office building in high-traffic location.
      1027-1035 W 21st St, South Sioux City, NE 68776
      View Details
    • $125,000

      Residential Land with River Views

      Prime residential lots available in thriving South Sioux City development.
      394 Walnut Lane, South Sioux City, NE 68776
      View Details
    • $31,000

      Residential Land in South Sioux

      Residential lots available in thriving South Sioux City development.
      440 Walnut Lane, South Sioux City, NE 68776
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 25-acre lot ideal for multifamily or single-family development.
    Where is this residential land & home lot located?
    The property is located at Lot 2 Riverview Drive South Sioux City, NE.
    What is the asking price?
    The asking price for this property is $5,445,000.
    What are key features of this property?
    This property features: **Expansive 25‑acre parcel** ready for development.; Located on Riverview Dr and Arbor Dr.; Positioned in a growing area of South Sioux City, Nebraska.
    (712) 540-6562
    We can help!
    Listing Contact
    Nic Madsen
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!