Two-Tenant Mixed-Use
For Sale
$1,750,000
3301 Singing Hills Boulevard, Sioux City, IA 51106
Commercial, Sioux City, IA
Property Size11,946 SF
Lot Size2,023.00 Acres
Price / SF$146.49
Days on Market571
Property Features for 3301 Singing Hills Boulevard
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Mside South
Standard status
Active
APN
884718155001
Lot size
2,023.00 Acres
Additional Details
Tenant in Place
Yes
Mixed-Use Components
retail, office
Taxes and HOA fees
Tax Year
2023
Tax Description
SOUTHGATE 4TH LOT 2
Tax Annual Amount
55478
Legal Description
SOUTHGATE 4TH LOT 2
Building Details
Year built
2001
Buildings
1
Listing Agency:
LPT Realty, LLC
(877) 366-2213
Listed By:
Amy Kakacek
(712) 333-1111
Added: Apr 7, 2025
Changed: Oct 28
Last Checked: Oct 29 at 11:06AM
MLS# 828194
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.
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Investment Insights
Based on property information with market context.
Built in 2001, this two-tenant mixed-use property combines a front retail suite with office space at the rear. The retail premises have housed a golf shop since 2018, while the office tenant is the Government Services Administration (GSA). Both spaces are leased under modified gross terms.
The golf shop exercised a five-year renewal in 2023. GSA has occupied the office premises since 2019 under a 15-year lease, with seven years firm.
The golf shop exercised a five-year renewal in 2023. GSA has occupied the office premises since 2019 under a 15-year lease, with seven years firm.
Key Highlights
- Fully occupied by two tenants in retail and office space
- Golf shop tenant has occupied the retail suite since 2018
- Five‑year retail lease renewal exercised in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,522
Cap Rate
6.77%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,440
$2.4M
Cap Rate 7%
$1,693,171
$1.7M
Cap Rate 9%
$1,316,911
$1.3M
Market Conditions
NOI Build-Up for 11,946 SF
Gross rent
$184.9K $15.48/SF
− Vacancy
−$15.6K −$1.31/SF
EGI
$169.3K $14.17/SF
− OpEx
−$50.8K −$4.25/SF
NOI
$118.5K $9.92/SF
Area
Woodbury County, IA
Vacancy
8.44%
Lease Rate
$15.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,370,440
Cap Rate 7%
$1,693,171
Cap Rate 9%
$1,316,911
Alternative Uses
Best Use
Retail
$1.69M
$1.48M – $1.98M
NOI $118,522 @ 7.0% cap · market cap 6.77%
Second Best
Mixed Use
$1.29M
$1.13M – $1.50M
NOI $90,155 @ 7.0% cap · market cap 5.15%
Theoretical Best
Specialty Retail
$1.80M
$1.57M – $2.09M
NOI $125,657 @ 7.0% cap · market cap 7.18%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
1
Office units
100%
Occupancy
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
321
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - Fully leased to retail and office occupants under modified gross leases.
Where is this mixed-use property located?
The property is located at 3301 Singing Hills Boulevard Sioux City, IA.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: Fully occupied by two tenants in retail and office space; Golf shop tenant has occupied the retail suite since 2018; Five‑year retail lease renewal exercised in 2023
