Professional Office Building For
For Sale
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2020 Indian Hills Dr, Sioux City, IA 51104
Office building with leased main floor and available basement.
Property Size6,016 SF
Price / SF$64.66
Days on Market884
Property Features for 2020 Indian Hills Dr
General Information
Standard status
Active
Size
6,016 SF
Class
B
Total Parking Spaces
30
Property subtype
Office
Zoning
SC
Building Details
Year Built
2000
Stories
2
Tenancy
Multi
Listing Agency:
NAI United
Listed By:
Beau Braunger · License #IA S58804000
(712) 251-8276
Source:
Crexi
Added: May 31, 2024
Changed: Oct 25
Last Checked: Oct 30 at 1:23PM
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 professional office building, located in the Northside area, features a main floor 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 generates an 8.79% cap rate. The main floor includes a reception area, eight private offices, a conference room, a coffee bar, a storage room, and two restrooms. The property provides ample off-street and dedicated parking for staff and customers. The lower level offers a private office, M/F restrooms, a kitchenette, and a large bullpen area. The property size is 6016 square feet.
Key Highlights
- 8.79% cap rate potential with basement leased
- Main floor leased to Aveanna Home Health through 7/31/28
- Basement space available for owner/user or lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,443
Cap Rate
7.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,860
$608.9K
Cap Rate 7%
$434,900
$434.9K
Cap Rate 9%
$338,256
$338.3K
Market Conditions
NOI Build-Up for 6,016 SF
Gross rent
$55.6K $9.24/SF
− Vacancy
−$15.0K −$2.49/SF
EGI
$40.6K $6.75/SF
− OpEx
−$10.1K −$1.69/SF
NOI
$30.4K $5.06/SF
Area
Woodbury County, IA
Vacancy
26.98%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$608,860
Cap Rate 7%
$434,900
Cap Rate 9%
$338,256
Alternative Uses
Best Use
Office B
$434.9K
$380.5K – $507.4K
NOI $30,443 @ 7.0% cap · market cap 7.83%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$904.0K
$791.0K – $1.05M
NOI $63,281 @ 7.0% cap · market cap 16.27%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
325
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Office building with leased main floor and available basement.
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 $389,000.
What are key features of this property?
This property features: 8.79% cap rate potential with basement leased; Main floor leased to Aveanna Home Health through 7/31/28; Basement space available for owner/user or lease
