Secure Office
700 4th Sioux City, IA 51101
700 4th, Sioux City, IA, 51101
$303,000
For Sale
$303,000
Office condo built in 2012 to meet federal security standards, with additional space available for lease and sale.
Property Size3,478 SF
Price / SF$87.12
Days on Market38
Property Features for 700 4th
General Information
- Standard status
- Active
- Size
- 3,478 SF
- Property subtype
- Office
Building Details
- Year Built
- 1972
Listing Agency
NAI United | Dakota Dunes
(712) 204-6261
Listed by
Chris Bogenrief, SIOR, CCIM, MBA · License #S62387000
(712) 204-6261
Source
Naiunited
Added: Jun 11 Checked: Jul 17 at 6:24 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 NAI United | Dakota Dunes
Investment Insights
Based on property information with market context.
This office condominium was built to suit for federal security standards in 2012 and previously operated as an Office of the Comptroller of the Currency space. The offering includes 3,478 SF of condo space that is also available for lease, providing flexibility for buyers who need partial occupancy or for users seeking dedicated office space within a condo format. Operating expenses are estimated at $6.95 per square foot.
Located in the heart of Downtown Sioux City’s entertainment district, the property benefits from an urban office setting where tenants can reach surrounding retail and entertainment demand. The building also allows for strategic expansion within the condominium portfolio.
For an owner-user, the asset’s purpose-built security background can be valuable for organizations that require a more controlled office environment. For investors or multi-user operators, the ability to lease 3,478 SF and the option to combine with adjacent Units 300/310 (1,987 SF) at the same price per square foot can support a range of occupancy and capital strategies without forcing a single-use commitment.
Located in the heart of Downtown Sioux City’s entertainment district, the property benefits from an urban office setting where tenants can reach surrounding retail and entertainment demand. The building also allows for strategic expansion within the condominium portfolio.
For an owner-user, the asset’s purpose-built security background can be valuable for organizations that require a more controlled office environment. For investors or multi-user operators, the ability to lease 3,478 SF and the option to combine with adjacent Units 300/310 (1,987 SF) at the same price per square foot can support a range of occupancy and capital strategies without forcing a single-use commitment.
Key Highlights
- Office condominium in Downtown Sioux City’s entertainment district
- Former Office of the Comptroller of the Currency space built to suit meeting federal security standards in 2012
- Year built listed as 1972
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 | $32.1k | $9.24 |
| − Vacancy | −$8.7k | −$2.49 |
| EGI | $23.5k | $6.75 |
| − OpEx | −$5.9k | −$1.69 |
| NOI | $17.6k | $5.06 |
3,478 SF · lease $9.24/SF/yr · vacancy 26.98% · expense 25.00%
Alternative Uses
Best Use
Office B
$251.4K
$220.0K – $293.3K
NOI $17,600 @ 7.0% cap · market cap 5.81%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$522.6K
$457.3K – $609.7K
NOI $36,584 @ 7.0% cap · market cap 12.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Groundworks
Construction Company
Stifel
Bank
MWI Veterinary Supply
Veterinary Clinic
Amy Kakacek, Realtor
Real Estate Agency
Bed Bug Exterminator ...
Garden Center
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Office condo built in 2012 to meet federal security standards, with additional space available for lease and sale.
Where is this office units located?
The property is located at 700 4th Sioux City, IA.
What is the asking price?
The asking price for this property is $303,000.
What are key features of this property?
This property features: Office condominium in Downtown Sioux City’s entertainment district; Former Office of the Comptroller of the Currency space built to suit meeting federal security standards in 2012; Year built listed as 1972
