Bank Branch with
For Sale
$549,000
2015 S SAINT AUBIN ST, Sioux City, IA 51106
COMMERCIAL - Sioux City, IA
Property Size3,333 SF
Lot Size0.52 Acres
Price / SF$164.72
Days on Market52
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 #21571
(712) 540-6562
Added: Jun 18
Changed: Aug 5
Last Checked: Aug 8 at 2:06PM
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.
Former bank branch offering 3,333 SF of commercial space on a 0.52-acre site. Built in 1957, the property combines a brick and metal panel exterior with an adaptable interior featuring an open workspace, private offices, frosted glass divisions, and designated employee areas. Existing banking elements include teller stations and vault provisions.
A covered three-lane drive-through canopy with protective bollards remains in place, providing established drive-up infrastructure for a future financial-services, pharmacy, medical, or other commercial operator requiring this configuration. Parking surrounds the building, and the site occupies a corner at 2015 S Saint Aubin St in Sioux City, Iowa.
A covered three-lane drive-through canopy with protective bollards remains in place, providing established drive-up infrastructure for a future financial-services, pharmacy, medical, or other commercial operator requiring this configuration. Parking surrounds the building, and the site occupies a corner at 2015 S Saint Aubin St in Sioux City, Iowa.
Key Highlights
- 3,333 SF former bank branch on a 0.52‑acre site
- Three‑lane covered drive‑through canopy with protective bollards
- Teller stations and vault provisions remain in the building
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
6.39%
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 6.39%
Second Best
Retail
$472.4K
$413.4K – $551.1K
NOI $33,068 @ 7.0% cap · market cap 6.02%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bank - Former financial-services facility with teller areas, office space, and covered drive-up access.
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 $549,000.
What are key features of this property?
This property features: 3,333 SF former bank branch on a 0.52‑acre site; Three‑lane covered drive‑through canopy with protective bollards; Teller stations and vault provisions remain in the building
