Leased Three-Suite Office
For Sale
$502,471
700 4th St - 2nd Floor, Sioux City, IA 51101
Second-floor office condominium with three fully leased suites in downtown Sioux City.
Property Size6,873 SF
Price / SF$73.11
Days on Market48
Property Features for 700 4th St - 2nd Floor
General Information
Standard status
Active
Size
6,873 SF
Class
A
Property subtype
Office
Occupancy
100%
Additional Details
Floor
2
Office Units
3
Building Details
Building Size
6,873 SF
Year Built
1972
Listing Agency:
NAI United | Dakota Dunes
Listed By:
Madison Craighead · License ##S72955000
(712) 253-6784
Source:
Naiunited
Added: Aug 21
Changed: Oct 7
Last Checked: Oct 7 at 11:07AM
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.
The offering includes the entire second floor of an office condominium at 700 4th St in downtown Sioux City. The space contains three suites identified as 200, 210, and 220, providing a defined multi-suite office configuration within one condominium unit.
The property was constructed in 1972 and is currently 100% leased. The sale includes 6,873 square feet on the second floor, giving an owner a fully occupied office asset in an established downtown setting.
The property was constructed in 1972 and is currently 100% leased. The sale includes 6,873 square feet on the second floor, giving an owner a fully occupied office asset in an established downtown setting.
Key Highlights
- 6,873 SF second‑floor office condominium
- Three suites: 200, 210, and 220
- 100% leased occupancy
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$34,779
Cap Rate
6.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,580
$695.6K
Cap Rate 7%
$496,843
$496.8K
Cap Rate 9%
$386,433
$386.4K
Market Conditions
NOI Build-Up for 6,873 SF
Gross rent
$63.5K $9.24/SF
− Vacancy
−$17.1K −$2.49/SF
EGI
$46.4K $6.75/SF
− OpEx
−$11.6K −$1.69/SF
NOI
$34.8K $5.06/SF
Area
Woodbury County, IA
Vacancy
26.98%
Lease Rate
$9.24 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$695,580
Cap Rate 7%
$496,843
Cap Rate 9%
$386,433
Alternative Uses
Best Use
Office B
$496.8K
$434.7K – $579.7K
NOI $34,779 @ 7.0% cap · market cap 6.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.03M
$903.7K – $1.20M
NOI $72,295 @ 7.0% cap · market cap 14.39%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
3
Office units
100%
Occupancy
Location Intelligence
Trade Area within ½ mile
2,187
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?
Office units - Second-floor office condominium with three fully leased suites in downtown Sioux City.
Where is this office units located?
The property is located at 700 4th St - 2nd Floor Sioux City, IA.
What is the asking price?
The asking price for this property is $502,471.
What are key features of this property?
This property features: 6,873 SF second‑floor office condominium; Three suites: 200, 210, and 220; 100% leased occupancy
