Bank Building with
For Sale
$499,000
2015 S SAINT AUBIN ST, Sioux City, IA 51106
Commercial, Sioux City, IA
Property Size3,333 SF
Lot Size0.52 Acres
Price / SF$149.71
Days on Market98
Property Features for 2015 S SAINT AUBIN ST
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Mside Central
Standard status
Active
APN
884706210014
Lot size
0.52 Acres
Taxes and HOA fees
Tax Year
2024
Tax Description
ST AUBIN PLACE LOT 1-2-3 BLK 2
Tax Annual Amount
12329
Legal Description
ST AUBIN PLACE LOT 1-2-3 BLK 2
Building Details
Year built
1957
Listing Agency:
Gateway Real Estate Advisors
(712) 226-8000
Listed By:
Nic Madsen · License #S67281000
(712) 540-6562
Added: Jun 18
Changed: Sep 16
Last Checked: Sep 23 at 12:06AM
MLS# 833482
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.
Investment Insights
Based on property information with market context.
This former bank facility includes a covered three-lane drive-through, protective bollards, teller stations, and vault provisions. The interior combines an open work area with private offices, frosted glass partitions, and dedicated employee space. A brick and metal panel exterior complements the building’s commercial design, while on-site parking surrounds the improvements.
The property occupies 0.52 acres at 2015 S Saint Aubin St in Sioux City, Iowa. Built in 1957, it retains infrastructure suited to banking and other operations that require drive-up customer service, including potential financial, pharmacy, or medical uses stated in the property information.
The property occupies 0.52 acres at 2015 S Saint Aubin St in Sioux City, Iowa. Built in 1957, it retains infrastructure suited to banking and other operations that require drive-up customer service, including potential financial, pharmacy, or medical uses stated in the property information.
Key Highlights
- Covered three‑lane drive‑through with protective bollards
- Teller stations and vault provisions remain in place
- 0.52‑acre site at 2015 S Saint Aubin St
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
$35,059
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
7.03%
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%
$701,180
$701.2K
Cap Rate 7%
$500,843
$500.8K
Cap Rate 9%
$389,544
$389.5K
Market Conditions
NOI Build-Up for 3,333 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
$50.0K $15.00/SF
− Vacancy
−$3.2K −$0.98/SF
EGI
$46.7K $14.03/SF
− OpEx
−$11.7K −$3.51/SF
NOI
$35.1K $10.52/SF
Area
Woodbury County, IA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
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%
$701,180
Cap Rate 7%
$500,843
Cap Rate 9%
$389,544
Alternative Uses
Best Use
Specialty Retail
$500.8K
$438.2K – $584.3K
NOI $35,059 @ 7.0% cap · market cap 7.03%
Second Best
Retail
$472.4K
$413.4K – $551.1K
NOI $33,068 @ 7.0% cap · market cap 6.63%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
392
Businesses Nearby
Explore this area
Business Placement
Demographics for 51106, IA
28,655
Population
11,681
Households
2.5
Avg Household Size
35
Median Age
27%
College-Educated
93%
High-School Grad
33.5 sq mi
ZIP Area
855
Density / Sq Mi
$74,486
Median Household Income
$40,495
Median Earnings
$1,080
Median Rent
$186,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Bank - Former banking facility with teller infrastructure, private offices, and covered drive-up service lanes.
Where is this bank located?
The property is located at 2015 S SAINT AUBIN ST Sioux City, IA.
What is the asking price?
The asking price for this property is $499,000.
What are key features of this property?
This property features: Covered three‑lane drive‑through with protective bollards; Teller stations and vault provisions remain in place; 0.52‑acre site at 2015 S Saint Aubin St
