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    302 Jones St Sioux City, IA 51101

    For Sale
    $875,000

    Class A Office, 7.5% Cap Rate, 5,069 SF

    Property size:
    5,069 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    366
    This exceptional Class A office condo, located at 302 Jones St Ste 210 in Sioux City, IA, presents a compelling investment opportunity. The 5,069 square foot space boasts a 7.5% cap rate and is currently 100% occupied under a triple net (NNN) lease by a corporate tenant who recently extended their lease for five years. The building, constructed in 1906 and extensively renovated in 2011, is situated in the vibrant Historic 4th Street Entertainment District, adjacent to the Sioux City Convention Center, Marriott Courtyard, and a movie theater. This second-floor unit features a stunning open staircase crafted from 117-year-old Douglas fir timbers, a testament to the building's rich history. The sale includes five underground parking spaces, with the option to purchase additional spaces. The property sits on a 0.3-acre lot and is zoned DC. Detailed financial information is available upon request with a signed NDA. The APN is 894728460210. This is a rare opportunity to acquire a high-quality, income-producing asset in a prime downtown location. The asking price is $875,000, translating to $172.62 per square foot.

    Property Features for 302 Jones St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    5,069 SF
    Class
    A
    Lot Size
    13,068 SF

    Building Details

    Year Built/Renovated
    1906/2011

    HighLights

    • $875,000 asking price for this Class A office condo.
    • 5,069 square feet with a price per square foot of $172.62.
    • 7.50% cap rate with 100% occupancy.
    • NNN lease, corporately leased to Robert W. Baird & Co. with a recent five‑year lease extension.
    • Located at 302 Jones St Ste 210, Sioux City, IA 51101, in the Historic 4th Street Entertainment District.
    • Built in 1906 and renovated in 2011. Includes 5 underground parking spaces.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Adam J Dean ... Financial Planner Kevin McManamy, United ... Real Estate Agent Sydney McManamy, United ... Real Estate Agent CMBA Architects Architect The Stuck Bivens-Rose Group ... Financial Planner

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.3997588
    Latitude
    42.4934437

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 7.5% Cap Rate, 5,069 SF
    Where is this office property / space located?
    The property is located at 302 Jones St Sioux City, IA.
    What is the asking price?
    The asking price for this property is $875,000.
    What are key features of this property?
    This property features: $875,000 asking price for this Class A office condo.; 5,069 square feet with a price per square foot of $172.62.; 7.50% cap rate with 100% occupancy.
    Request Owner's contact information
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    Realmo Value Estimation

    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.

    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.

    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
    302 Jones St Sioux City, IA 51101
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