Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Building with Leased Space Title is generated by Realmo AI

    2020 Indian Hills Dr, Sioux City, IA 51104

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    $399,000

    Office building with leased space and owner-user potential.

    Type:Office
    Added:
    Mar 6, 2026
    Days on Market:
    81
    Last Refresh:
    Apr 5 at 10:53 pm

    Property Features for 2020 Indian Hills Dr

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    2000

    We can help!

    Listing Contact
    Beau Braunger, SIOR, CCIM

    Listing agent Beau Braunger, SIOR, CCIM

    Listing office

    Listing date Mar 6, 2026

    Source Naiglobal

    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

    HighLights

    • Leased main floor provides immediate income stream until 7/31/28.
    • Achieve an 8.79% cap rate when basement is leased.
    • Basement space offers flexibility for owner/user or additional rental income.
    • Located near Glen Oaks Blvd and Indian Hills Dr.
    • Office building suitable for investment or business operation.
    • Built in 2000.

    Overview

    This office building features a main floor that is currently leased to Aveanna Home Health through July 31, 2028. The basement space is available for an owner-user or can be leased out. If the basement space is leased, the property is projected to generate an 8.79% cap rate. The property is located near the intersection of Glen Oaks Boulevard and Indian Hills Drive.
    Location Intelligence

    Current Use by Public Records

    Billings and Company, Inc. Financial Advisor Aveanna Home Health Nursing Agency

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Daycare Center Accounting Firm

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.3846
    Latitude
    42.5341

    Nearby Similar for Sale

    • $700,000
      4,068 SF

      Prime Sioux City Corner Property

      Two-story commercial building in Sioux City's entertainment district.
      501 Pearl Street, Sioux City, IA 51101
      View Details
    • $850,000
      6,625 SF

      Fully Occupied Multifamily Investment Property

      Thirteen-unit multifamily property with immediate cash flow in Sioux City.
      2429-47 Williams Ave., Sioux City, IA 51103
      View Details
    • $1,200,000
      22,500 SF

      Downtown Sioux City Office Building

      Three-story commercial building in downtown Sioux City with parking.
      820 PIERCE ST, Sioux City, IA 51101
      View Details
    • $2,450,000

      Retail Center on High-Traffic Corner

      Multi-tenant retail center with strong tenant mix and high visibility.
      2800-2830 Hamilton Blvd., Sioux City, IA 51104
      View Details
    • $550,000

      Turnkey Investment Opportunity in Iowa

      Fully leased commercial spaces with long-term tenants in Sioux City.
      1923 Pierce Street, Sioux City, IA 51104
      View Details
    • $397,500

      Commercial Property with Rental Income

      Well-located commercial property with proven rental income in Sioux City.
      4242 GORDON DR, Sioux City, IA 51106
      View Details
    • $869,900
      924 SF

      Sioux City Multifamily Investment Property

      Six-unit multifamily property in Sioux City, fully rented since 2003.
      1520-22 Martha, Sioux City, IA 51105
      View Details
    • $2,600,000

      Renovated Hotel Near Sioux Airport

      71-room hotel with recent renovations and airport proximity.
      6166 HARBOR DR, Sioux City, IA 51111
      View Details
    • $850,000
      17,200 SF

      Downtown Sioux City Retail Spaces

      Eight retail spaces at 5th and Nebraska in Sioux City.
      500 Nebraska Street, Sioux City, IA 51101-1344
      View Details
    • $1,960,000
      14,904 SF

      Sioux City Multifamily Investment Opportunity

      Well-maintained 24-unit apartment complex near Morningside University.
      4001 Orleans Ave, Sioux City, IA 51106
      View Details
    • $289,900
      3,892 SF

      Well-Maintained Fully Rented Fourplex

      Fourplex in good condition, fully rented, updated unit, newer features.
      505 17TH Street, Sioux City, IA 51105
      View Details
    • $315,000

      Sioux City Corner Lot Office

      Prime corner lot office building in Sioux City, Iowa.
      623 Jackson Street, Sioux City, IA 51101
      View Details

    FAQs

    What type of property is this?
    Office building - Office building with leased space and owner-user potential.
    Where is this office building located?
    The property is located at 2020 Indian Hills Dr Sioux City, IA.
    What is the asking price?
    The asking price for this property is $399,000.
    What are key features of this property?
    This property features: Leased main floor provides immediate income stream until 7/31/28.; Achieve an **8.79% cap rate** when basement is leased.; Basement space offers flexibility for owner/user or additional rental income.
    (712) 224-2727
    We can help!
    Listing Contact
    Beau Braunger, SIOR, CCIM
    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

    Thank You for Inquiry
    2020 Indian Hills Dr, Sioux City, IA 51104
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!