Freestanding NNN Restaurant
New
For Sale
$2,900,000
4229 S Lakeport St Sioux, Sioux City, IA 51106
Freestanding restaurant building leased to a national or regional restaurant tenant in a high-traffic retail setting.
Property Size8,000 SF
Days on Market2
Property Features for 4229 S Lakeport St Sioux
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail
Building Details
Building Size
8,000 SF
Year Built
2000
Buildings
1
Tenancy
Single
Listing Agency:
OMNE Partners Omaha
Listed By:
Colin Fangman · License #20230189
(402) 504-2997
Source:
Omnepartners
Added: Sep 12
Last Checked: Sep 12 at 3:05PM
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 OMNE Partners Omaha
Investment Insights
Based on property information with market context.
This freestanding restaurant building was constructed in 2000 and is occupied by a national or regional restaurant tenant under an NNN lease structure. The standalone configuration provides a distinct building format for restaurant operations and supports future flexibility in tenant use.
The property is located at 4229 S Lakeport St in Sioux City, within a retail corridor characterized by destination shopping and dining. Its setting places the building within an established commercial trade area serving retail and restaurant activity.
The property is located at 4229 S Lakeport St in Sioux City, within a retail corridor characterized by destination shopping and dining. Its setting places the building within an established commercial trade area serving retail and restaurant activity.
Key Highlights
- NNN lease structure with a national or regional restaurant tenant
- Freestanding restaurant building constructed in 2000
- Located at 4229 S Lakeport St, Sioux City, IA 51106
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$84,150
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.90%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,683,000
$1.7M
Cap Rate 7%
$1,202,143
$1.2M
Cap Rate 9%
$935,000
$935.0K
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$120.0K $15.00/SF
− Vacancy
−$7.8K −$0.98/SF
EGI
$112.2K $14.03/SF
− OpEx
−$28.1K −$3.51/SF
NOI
$84.2K $10.52/SF
Area
Woodbury County, IA
Vacancy
6.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,683,000
Cap Rate 7%
$1,202,143
Cap Rate 9%
$935,000
Alternative Uses
Best Use
Specialty Retail
$1.20M
$1.05M – $1.40M
NOI $84,150 @ 7.0% cap · market cap 2.90%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
586
Businesses Nearby
61k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 59%
Dining 34%
Hotels & Casinos 8%
Casey's General Store
Shops & Services
35,793 visits/mo
0.2 miles
HuHot Mongolian Grill
Dining
20,426 visits/mo
0.1 miles
Comfort Inn
Hotels & Casinos
1,858 visits/mo
0.2 miles
Wingate
Hotels & Casinos
1,470 visits/mo
0.2 miles
Candlewood Suites
Hotels & Casinos
1,000 visits/mo
0.2 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
NNN property - Freestanding restaurant building leased to a national or regional restaurant tenant in a high-traffic retail setting.
Where is this nnn property located?
The property is located at 4229 S Lakeport St Sioux Sioux City, IA.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: NNN lease structure with a national or regional restaurant tenant; Freestanding restaurant building constructed in 2000; Located at 4229 S Lakeport St, Sioux City, IA 51106
