Flex Industrial Building with
For Sale
Contact for pricing
840-44 Gordon, Sioux City, IA 51101
Multi-functional commercial facility combining showroom, warehouse, loading, and storage components under BP zoning.
Property Size45,673 SF
Price / SF$100.17
Days on Market64
Property Features for 840-44 Gordon
General Information
Standard status
Active
Size
45,673 SF
Property subtype
Industrial, Retail
Zoning
BP
Building Details
Year Built
1998
Year Renovated
2023
Buildings
1
Tenancy
Single
Listing Agency:
NAI United
Listed By:
Chris Bogenrief, SIOR, CCIM, MBA · License #11318
(712) 204-6261
Source:
Crexi
Added: Aug 3
Changed: Sep 30
Last Checked: Oct 5 at 6:00PM
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
Investment Insights
Based on property information with market context.
This 45,673-square-foot flex facility combines showroom, warehouse, loading, and storage functions. The 23,925-square-foot original building includes a 9,160-square-foot mezzanine, 17' 1" clear height, air conditioning, a west-facing entrance, one 12' x 14' drive-in door, and four dock positions. A separate 5,000-square-foot kitchen and bath showroom has its own north entrance.
The 19,730-square-foot warehouse addition was completed in 2023 with insulated architectural metal panel construction. Clear heights reach 26' 7" at the peak and 22' 10" at the eave. The addition includes a 4,231-square-foot mezzanine, heating, floor drains, a grease separator, and a 14' by 24' drive-in door. The property is fully sprinklered and has 600 amp and 100 amp electrical service, with underground stormwater detention beneath the parking lot. Located at 840-44 Gordon and 925-925 1/2 Dace in Sioux City, the property faces I-29 at Virginia and Gordon.
The 19,730-square-foot warehouse addition was completed in 2023 with insulated architectural metal panel construction. Clear heights reach 26' 7" at the peak and 22' 10" at the eave. The addition includes a 4,231-square-foot mezzanine, heating, floor drains, a grease separator, and a 14' by 24' drive-in door. The property is fully sprinklered and has 600 amp and 100 amp electrical service, with underground stormwater detention beneath the parking lot. Located at 840-44 Gordon and 925-925 1/2 Dace in Sioux City, the property faces I-29 at Virginia and Gordon.
Key Highlights
- 45,673 SF flex facility with showroom, warehouse, loading, and storage areas
- 23,925 SF original building with 9,160 SF storage mezzanine and 17' 1" clear height
- 19,730 SF warehouse addition completed in 2023
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$272,810
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,456,200
$5.5M
Cap Rate 7%
$3,897,286
$3.9M
Cap Rate 9%
$3,031,222
$3.0M
Market Conditions
NOI Build-Up for 45,673 SF
Gross rent
$334.3K $7.32/SF
− Vacancy
−$13.4K −$0.29/SF
EGI
$321.0K $7.03/SF
− OpEx
−$48.1K −$1.05/SF
NOI
$272.8K $5.97/SF
Area
Woodbury County, IA
Vacancy
4.00%
Lease Rate
$7.32 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$5,456,200
Cap Rate 7%
$3,897,286
Cap Rate 9%
$3,031,222
Alternative Uses
Best Use
Retail
$6.47M
$5.66M – $7.55M
NOI $453,142 @ 7.0% cap · market cap 9.90%
Second Best
Warehouse
$3.90M
$3.41M – $4.55M
NOI $272,810 @ 7.0% cap · market cap 5.96%
Theoretical Best
Specialty Retail
$6.86M
$6.01M – $8.01M
NOI $480,423 @ 7.0% cap · market cap 10.50%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,617
Businesses Nearby
Balanced
Demand for This Use
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 Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Multi-functional commercial facility combining showroom, warehouse, loading, and storage components under BP zoning.
Where is this flex space located?
The property is located at 840-44 Gordon Sioux City, IA.
What is the asking price?
The asking price for this property is $4,575,000.
What are key features of this property?
This property features: 45,673 SF flex facility with showroom, warehouse, loading, and storage areas; 23,925 SF original building with 9,160 SF storage mezzanine and 17' 1" clear height; 19,730 SF warehouse addition completed in 2023
