Freestanding Office Space in Sioux
303 W 24TH ST Sioux City, IA 51104
303 W 24TH ST, Sioux City, IA, 51104
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For Sale
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7,377 SF office building in high-visibility Sioux City corridor.
Property Size7,377 SF
Price / SF$122
Days on Market52
Property Features for 303 W 24TH ST
General Information
- Standard status
- Active
- Size
- 7,377 SF
- Property subtype
- Office
Building Details
- Year Built
- 1982
Listing Agency
Gateway Real Estate Advisors
Listed by
Nic Madsen · License #21571
Source
Crexi
Added: May 26 Checked: Jul 16 at 4:17 am
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 Gateway Real Estate Advisors
Investment Insights
Based on property information with market context.
This 7,377 SF freestanding commercial office space is available for purchase in a high-visibility Sioux City corridor. The property, built in 1982, is priced at $900,000 ($122/SF). Zoned General Commercial, the building offers immediate access to established retail, professional services, and regional traffic flow. Positioned just off Hamilton Boulevard, one of Sioux City's primary commercial arterials, the location connects the property to the broader metro and provides strong daily vehicle counts from commuter and commercial activity. The building presents a blank-canvas acquisition for an owner-user seeking a dedicated headquarters, or a professional services firm ready to establish a permanent presence. A concrete parking area supports operational flexibility.
Key Highlights
- High‑visibility location in a prime Sioux City commercial corridor off Hamilton Boulevard.
- Freestanding commercial office space with 7,377 SF available for purchase.
- General Commercial zoning allows for a variety of business uses.
Local 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 | $68.2k | $9.24 |
| − Vacancy | −$18.4k | −$2.49 |
| EGI | $49.8k | $6.75 |
| − OpEx | −$12.4k | −$1.69 |
| NOI | $37.3k | $5.06 |
7,377 SF · lease $9.24/SF/yr · vacancy 26.98% · expense 25.00%
Alternative Uses
Best Use
Office B
$533.3K
$466.6K – $622.2K
NOI $37,330 @ 7.0% cap · market cap 4.15%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.11M
$970.0K – $1.29M
NOI $77,597 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Marjorie J. Sanderson, ...
Foster Care Service
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FAQs
What type of property is this?
Office building - 7,377 SF office building in high-visibility Sioux City corridor.
Where is this office building located?
The property is located at 303 W 24TH ST Sioux City, IA.
What is the asking price?
The asking price for this property is $900,000.
What are key features of this property?
This property features: High‑visibility location in a prime Sioux City commercial corridor off Hamilton Boulevard.; Freestanding commercial office space with 7,377 SF available for purchase.; General Commercial zoning allows for a variety of business uses.
