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    Two-Tenant Retail and Office Building Title is generated by Realmo AI

    3301 Singing Hills Boulevard, Sioux City, IA 51106

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    For Sale
    $1,900,000

    COMMERCIAL - Sioux City, IA

    Property size:
    11,946 SF
    Lot size:
    2,023.00 Acres
    Price / SF:
    $159/SF
    Added:
    Apr 7, 2025
    Days on Market:
    431
    Last Refresh:
    Jun 11 at 10:06 pm

    Property Features for 3301 Singing Hills Boulevard

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    APN
    884718155001
    Lot size
    2,023.00 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    SOUTHGATE 4TH LOT 2
    Tax Annual Amount
    55478

    Building Details

    Year built
    2001

    We can help!

    Listing Contact
    Amy Kakacek
    Amy Kakacek

    Listing agent Amy Kakacek

    Listing office LPT Realty, LLC 12345 University Ave Suite 100, Clive, IA

    Listing date Apr 7, 2025

    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.

    HighLights

    • Two‑tenant commercial building with approximately 11,946 SF, fully occupied
    • Front 4,100 SF retail space leased to a golf shop since 2018; 5‑year lease renewal exercised in 2023
    • Rear approximately 7,857 SF office space leased to GSA since 2019 under a 15‑year lease (7 years firm)
    • Both leases are modified gross leases

    Overview

    This two-tenant commercial building offers a front retail component and a rear office component, both currently leased. The front 4,100 sf retail space has been occupied by a golf shop since 2018, and its 5-year lease renewal was exercised in 2023. The rear approximately 7,857 sf office space is leased to the Government Services Administration (GSA) with occupancy beginning in 2019. The GSA lease runs for 15 years, with 7 years firm.

    The property is located on a major commercial thoroughfare in Sioux City, Iowa, and is described as fully occupied. The current lease structures are noted as modified gross leases.

    For investors or owner-operators seeking stability, the appeal here is the presence of long-term, in-place tenants spanning retail and office use within one building. The combination of an extended GSA commitment and a renewed retail lease provides a practical foundation for underwriting cash flow, with both spaces already operating rather than requiring near-term tenant re-positioning.

    Local Financial Insights For Retail

    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 $184.9k $15.48
    − Vacancy −$15.6k −$1.31
    EGI $169.3k $14.17
    − OpEx −$50.8k −$4.25
    NOI $118.5k $9.92
    11,946 SF · lease $15.48/SF/yr · vacancy 8.44% · expense 30.00%

    Alternative Uses

    Best Use
    Retail
    $1.69M
    $1.48M – $1.98M (±1% cap)
    NOI $118,522 @ 7.0% cap · market cap 6.24%
    Second Best
    Office B
    $863.6K
    $755.6K – $1.01M (±1% cap)
    NOI $60,450 @ 7.0% cap · market cap 3.18%
    Theoretical Best
    Specialty Retail
    $1.80M
    $1.57M – $2.09M (±1% cap)
    NOI $125,657 @ 7.0% cap · market cap 6.61%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Austad's Golf Sioux ... (Bike/Boat/Book/etc) Store Sioux City Ero ... Government Office

    Suggested Use

    Real Estate Agency Restaurant Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.364929
    Latitude
    42.436765

    FAQs

    What type of property is this?
    Retail space - Fully occupied mixed-use building with established retail and office leases under modified gross terms.
    Where is this retail space 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 $1,900,000.
    What are key features of this property?
    This property features: Two‑tenant commercial building with approximately 11,946 SF, fully occupied; Front 4,100 SF retail space leased to a golf shop since 2018; 5‑year lease renewal exercised in 2023; Rear approximately 7,857 SF office space leased to GSA since 2019 under a 15‑year lease (7 years firm)
    More about this property
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