Sioux City Brick
2609 Apache Court Sioux City, IA 51104
For Sale
$329,950
Well-maintained 3,168 SF building near Floyd Walmart.
Property Size3,168 SF
Price / SF$104.15
Days on Market143
Property Features for 2609 Apache Court
General Information
- Standard status
- Active
- Size
- 3,168 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing Agency:
(712) 204-6261
Listed By:
Chris Bogenrief, SIOR, CCIM, MBA
(712) 204-6261
Source:
Naiglobal
Added: Mar 6
Changed: Jul 6
Last Checked: Jul 27 at 5:18AM
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 Chris Bogenrief, SIOR, CCIM, MBA
Investment Insights
Based on property information with market context.
This well-maintained brick building offers 3,168 square feet of space. It is situated on a secluded cul-de-sac in Northside Sioux City, located blocks from the Floyd Walmart. The building features a clear span design without load-bearing walls. This structural design allows for potential addition of garage doors on the south or east side. The property's layout and location make it potentially suitable for a service company. Subject to zoning regulations, the property could potentially be converted to residential use, as the adjacent property is multi-family.
Key Highlights
- Large 3,168 SF clear span brick building
- Priced below assessed value
- Located on a secluded cul‑de‑sac near the Floyd Walmart
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $29.3k | $9.24 |
| − Vacancy | −$7.9k | −$2.49 |
| EGI | $21.4k | $6.75 |
| − OpEx | −$5.3k | −$1.69 |
| NOI | $16.0k | $5.06 |
3,168 SF · lease $9.24/SF/yr · vacancy 26.98% · expense 25.00%
Alternative Uses
Best Use
Office B
$229.0K
$200.4K – $267.2K
NOI $16,031 @ 7.0% cap · market cap 4.86%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$476.0K
$416.5K – $555.4K
NOI $33,323 @ 7.0% cap · market cap 10.10%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Continue Care
Professional Services
FAQs
What type of property is this?
Office building - Well-maintained 3,168 SF building near Floyd Walmart.
Where is this office building located?
The property is located at 2609 Apache Court Sioux City, IA.
What is the asking price?
The asking price for this property is $329,950.
What are key features of this property?
This property features: Large 3,168 SF clear span brick building; Priced below assessed value; Located on a secluded cul‑de‑sac near the Floyd Walmart
