Renovated Office Building with
501 Douglas Street Sioux City, IA 51101
501 Douglas Street, Sioux City, IA, 51101
Contact for pricing
For Sale
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Three-story office building featuring a prominent mural and recent renovations.
Property Size4,875 SF
Price / SF$81.85
Days on Market588
Property Features for 501 Douglas Street
General Information
- Standard status
- Active
- Size
- 4,875 SF
- Property subtype
- Special Purpose
Building Details
- Year Built
- 1919
Listing Agency
CENTURY 21 ProLink
(712) 224-2300
Listed by
KJ Wingert · License #S69502000
Source
Crexi
Added: Dec 5, 2024 Checked: Jul 16 at 9:08 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 CENTURY 21 ProLink
Investment Insights
Based on property information with market context.
The property at 501 Douglas, also known as The Buffalo Building, features a mural named “Yawar Fiesta” by artist Martin Ron on its west side. Constructed in 1919, this three-story building has undergone over $750,000 in renovations. The building spans 4,875 square feet, with each floor offering 1,625 square feet. The interior features expansive windows and high ceilings. The first floor includes an open work area or conference room, a kitchenette, and two restrooms. The second floor is designed with five private offices, an open work space, and a restroom. The third floor features a large conference room or work area, along with a restroom. An unfinished basement spans the entire footprint, providing additional square footage. The ground floor spaces of this property may be eligible for the Sioux City Downtown Tenant Improvement Program, which provides financial assistance to help cover build out costs.
Key Highlights
- Extensive recent renovations totaling over $750,000.
- Unique building featuring the 'Yawar Fiesta' mural by artist Martin Ron.
- Spacious 4,875 SF three‑story building with 1,625 SF per floor.
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 | $45.0k | $9.24 |
| − Vacancy | −$12.2k | −$2.49 |
| EGI | $32.9k | $6.75 |
| − OpEx | −$8.2k | −$1.69 |
| NOI | $24.7k | $5.06 |
4,875 SF · lease $9.24/SF/yr · vacancy 26.98% · expense 25.00%
Alternative Uses
Best Use
Office B
$352.4K
$308.4K – $411.2K
NOI $24,669 @ 7.0% cap · market cap 6.18%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$732.6K
$641.0K – $854.7K
NOI $51,279 @ 7.0% cap · market cap 12.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Office building - Three-story office building featuring a prominent mural and recent renovations.
Where is this office building located?
The property is located at 501 Douglas Street Sioux City, IA.
What is the asking price?
The asking price for this property is $399,000.
What are key features of this property?
This property features: Extensive recent renovations totaling over $750,000.; Unique building featuring the 'Yawar Fiesta' mural by artist Martin Ron.; Spacious 4,875 SF three‑story building with 1,625 SF per floor.
