Corner Mixed-Use
For Sale
Contact for pricing
501 Pearl Street, Sioux City, IA 51101
Two-level property with flexible commercial layout, basement areas, high ceilings, and three-phase electrical service.
Property Size8,136 SF
Price / SF$86.04
Days on Market161
Property Features for 501 Pearl Street
General Information
Standard status
Active
Size
8,136 SF
Property subtype
Special Purpose
Zoning
HA-P Historic Area P
Investment Type
Owner/User
Site & Location
Corner Location
Yes
Utilities to Site
Yes
Amenities
tall ceilings
large windows
3-phase power
Building Details
Year Built
1900
Buildings
1
Stories
2
Listing Agency:
CENTURY 21 ProLink
(712) 251-9905
Listed By:
KJ Wingert · License #S69502000
Source:
Crexi
Added: Mar 23
Changed: Aug 30
Last Checked: Aug 30 at 2:57AM
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.
This mixed-use property was built in 1900 and includes two floors measuring 4,068 square feet each. Tall ceilings, large upper-level windows, and full basement space on each side contribute to a flexible configuration. The layout can be separated into two units, supporting separate occupancy or leasing arrangements. Existing features and electrical capacity are suited to office, retail, bar, restaurant, or combined-use concepts, subject to applicable requirements.
The building occupies a corner position on Pearl Street in Sioux City’s entertainment district, near bars, restaurants, and nightlife along a primary corridor. A public parking ramp is located kitty-corner from the property, and a neighboring building is undergoing renovations. Zoning is HA-P Historic Area P. Three-phase power is in place, with electrical capacity described as sufficient for high-demand operations.
The building occupies a corner position on Pearl Street in Sioux City’s entertainment district, near bars, restaurants, and nightlife along a primary corridor. A public parking ramp is located kitty-corner from the property, and a neighboring building is undergoing renovations. Zoning is HA-P Historic Area P. Three-phase power is in place, with electrical capacity described as sufficient for high-demand operations.
Key Highlights
- Two floors with 4,068 square feet per floor
- Full basement space on each side of the building
- Layout can be divided into two separate units
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
$61,401
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
8.77%
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%
$1,228,020
$1.2M
Cap Rate 7%
$877,157
$877.2K
Cap Rate 9%
$682,233
$682.2K
Market Conditions
NOI Build-Up for 8,136 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
$122.0K $15.00/SF
− Vacancy
−$23.8K −$2.93/SF
EGI
$98.2K $12.08/SF
− OpEx
−$36.8K −$4.53/SF
NOI
$61.4K $7.55/SF
Area
Woodbury County, IA
Vacancy
19.50%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
37.50%
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%
$1,228,020
Cap Rate 7%
$877,157
Cap Rate 9%
$682,233
Alternative Uses
Best Use
Retail
$1.15M
$1.01M – $1.35M
NOI $80,721 @ 7.0% cap · market cap 11.53%
Second Best
Mixed Use
$877.2K
$767.5K – $1.02M
NOI $61,401 @ 7.0% cap · market cap 8.77%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.43M
NOI $85,581 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
2,205
Businesses Nearby
Explore this area
Business Placement
Demographics for 51101, IA
1,146
Population
723
Households
1.6
Avg Household Size
39
Median Age
11%
College-Educated
84%
High-School Grad
1.2 sq mi
ZIP Area
955
Density / Sq Mi
$18,103
Median Household Income
$25,661
Median Earnings
$676
Median Rent
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Two-level property with flexible commercial layout, basement areas, high ceilings, and three-phase electrical service.
Where is this mixed-use property located?
The property is located at 501 Pearl Street Sioux City, IA.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two floors with 4,068 square feet per floor; Full basement space on each side of the building; Layout can be divided into two separate units
