Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Renovated Hotel Near Sioux Airport Title is generated by Realmo AI

    6166 Harbor Dr, Sioux City, IA 51111

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    71-room hotel with recent renovations near Sioux Gateway Airport.

    Type:Hospitality
    Property size:
    124,843 SF
    Price / SF:
    $20/SF
    Added:
    Mar 11, 2026
    Days on Market:
    63
    Last Refresh:
    Mar 19 at 10:42 pm

    Property Features for 6166 Harbor Dr

    General Information

    Standard status
    Active
    Size
    124,843 SF
    Property subtype
    Hospitality

    Building Details

    Year Built
    1970

    We can help!

    Listing Contact
    Nic Madsen

    Listing agent Nic Madsen License #S67281000

    Listing office Gateway Real Estate Advisors

    Listing date Mar 11, 2026

    Source Crexi

    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 Gateway Real Estate Advisors

    HighLights

    • Directly across from Sioux Gateway Airport, capitalizing on airport traffic
    • Fully renovated with new siding, roof, windows, and updated guest rooms
    • Significant size: 71 rooms and 124,843 square feet on a spacious site
    • Airport undergoing expansion and upgrades, increasing future demand
    • Includes a breakfast bar and on‑site laundry facilities
    • Independent hotel offering branding/repositioning flexibility

    Overview

    This 71-room hotel is strategically located directly across from Sioux Gateway Airport. Originally constructed in 1970, the two-story property has been extensively renovated in recent years, including new siding, a new roof, new windows, and fully updated guest rooms. The hotel offers approximately 124,843 square feet of space on a spacious site. Amenities include a breakfast bar and on-site laundry facilities. The property is positioned steps from the airport, which is currently undergoing expansion and upgrades. Operating as an independent hotel, this property offers flexibility for branding, repositioning, or continued independent operation. The hotel is designed to serve both business and leisure travelers.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bitcoin Depot - Bitcoin ... Crypto Atm VAN Rental Sioux ... Car Rental Facility Sioux City Inn Hotel & Motel

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.368731
    Latitude
    42.398904

    Nearby Similar for Sale

    • $850,000
      6,625 SF

      Fully Occupied Multi-Unit Investment

      Thirteen-unit property generating over $9,000 monthly income.
      2429-47 Williams Ave., Sioux City, IA 51103
      View Details
    • $397,500

      Sioux City Commercial Property

      Well-located commercial property with proven rental income and future potential.
      4242 GORDON DR, Sioux City, IA 51106
      View Details
    • $700,000

      Prime Sioux City Commercial Building

      Two-story commercial building in Sioux City's entertainment district.
      501 Pearl Street, Sioux City, IA 51101
      View Details
    • $550,000

      Turnkey Investment Opportunity in Iowa

      Fully leased commercial spaces with long-term tenants in Sioux City.
      1923 Pierce Street, Sioux City, IA 51104
      View Details
    • Contact for pricing

      Regional Shopping Center For Sale

      Regional shopping center with major upgrades planned in Sioux City.
      5001 Sergeant Road, Sioux City, IA 51106
      View Details
    • $385,000
      12,576 SF

      Sioux City Turnkey Investment Property

      Turnkey 6-unit investment property in Sioux City, Iowa.
      400 S MULBERRY ST, Sioux City, IA 51106
      View Details
    • $315,000

      Corner Lot Office Building

      Prime Sioux City office building with modern updates and parking.
      623 Jackson Street, Sioux City, IA 51101
      View Details
    • $2,450,000

      Multi-Tenant Retail Center For Sale

      Well-maintained retail center with strong tenant mix in Sioux City.
      2800-2830 Hamilton Blvd., Sioux City, IA 51104
      View Details
    • Contact for pricing

      Move-in Ready Office Space Available

      Office space with river views in downtown Sioux City.
      600 4th street, Sioux City, IA 51101
      View Details
    • Contact for pricing

      Iconic Mixed-Use Destination Space

      Premier mixed-use space in downtown Sioux City.
      712 4th St., Sioux City, IA 51101
      View Details
    • $350,000
      400 SF

      Mixed-Use Investment Opportunity

      Commercial space with four apartments in Sioux City, Iowa.
      4001 Floyd Blvd, Sioux City, IA 51108
      View Details
    • $295,000
      3,892 SF

      Fully Rented Fourplex in Sioux City

      Well-maintained fourplex near amenities, fully rented, updated features.
      505 17TH Street, Sioux City, IA 51105
      View Details

    FAQs

    What type of property is this?
    Hotel - 71-room hotel with recent renovations near Sioux Gateway Airport.
    Where is this hotel located?
    The property is located at 6166 Harbor Dr Sioux City, IA.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: Directly across from Sioux Gateway Airport, capitalizing on airport traffic; Fully renovated with new siding, roof, windows, and updated guest rooms; Significant size: **71 rooms** and 124,843 square feet on a spacious site
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nic Madsen
    Real Estate License ID: S67281000
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    6166 Harbor Dr, Sioux City, IA 51111
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!