Freestanding Best Buy Retail
For Sale
Contact for pricing
4730 Sergeant Road, Sioux City, IA 51106
Freestanding retail asset within Lakeport Commons’ open-air lifestyle center.
Property Size30,000 SF
Price / SF$208.90
Days on Market48
Property Features for 4730 Sergeant Road
General Information
Standard status
Active
Size
30,000 SF
Total Parking Spaces
180
Property subtype
Retail
Zoning
General Commercial
Lease Type
NN
Investment Type
Net Lease
Net Operating Income
$423,000
Additional Details
Cap Rate
6.75%
Building Details
Year Built
2005
Buildings
1
Stories
1
Tenancy
Single
Listing Agency:
Pegasus Investments
(310) 691-1350
Listed By:
Katherine Weaver · License #CA 02004937
Source:
Crexi
Added: Jul 16
Changed: Aug 30
Last Checked: Aug 31 at 1:25PM
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 Pegasus Investments
Investment Insights
Based on property information with market context.
This 30,000-square-foot freestanding retail property was built in 2005 and operates as a Best Buy location. The asset is positioned as a pad within Lakeport Commons, an open-air lifestyle center serving the Siouxland tri-state area. General Commercial zoning supports its established retail setting.
The property sits in Sioux City along a prominent regional retail corridor. Lakeport Commons attracts more than 4.5 million annual visitors, providing substantial surrounding shopping activity. Best Buy has occupied the location since 2005 and has exercised two renewal options during a tenancy exceeding 20 years. The offering is identified with an S&P “BBB+” credit rating and a 6.75% cap rate.
The property sits in Sioux City along a prominent regional retail corridor. Lakeport Commons attracts more than 4.5 million annual visitors, providing substantial surrounding shopping activity. Best Buy has occupied the location since 2005 and has exercised two renewal options during a tenancy exceeding 20 years. The offering is identified with an S&P “BBB+” credit rating and a 6.75% cap rate.
Key Highlights
- 30,000‑square‑foot freestanding Best Buy retail property
- Built in 2005 and located within Lakeport Commons
- Best Buy tenancy exceeding 20 years with two renewal options exercised
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
$297,643
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
4.75%
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%
$5,952,860
$6.0M
Cap Rate 7%
$4,252,043
$4.3M
Cap Rate 9%
$3,307,144
$3.3M
Market Conditions
NOI Build-Up for 30,000 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
$464.4K $15.48/SF
− Vacancy
−$39.2K −$1.31/SF
EGI
$425.2K $14.17/SF
− OpEx
−$127.6K −$4.25/SF
NOI
$297.6K $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 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%
$5,952,860
Cap Rate 7%
$4,252,043
Cap Rate 9%
$3,307,144
Alternative Uses
Best Use
Retail
$4.25M
$3.72M – $4.96M
NOI $297,643 @ 7.0% cap · market cap 4.75%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.51M
$3.94M – $5.26M
NOI $315,563 @ 7.0% cap · market cap 5.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
721
Businesses Nearby
36k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Casey's General Store
Shops & Services
35,793 visits/mo
0.5 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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail space - Freestanding retail asset within Lakeport Commons’ open-air lifestyle center.
Where is this retail space located?
The property is located at 4730 Sergeant Road Sioux City, IA.
What is the asking price?
The asking price for this property is $6,267,000.
What are key features of this property?
This property features: 30,000‑square‑foot freestanding Best Buy retail property; Built in 2005 and located within Lakeport Commons; Best Buy tenancy exceeding 20 years with two renewal options exercised
