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    700 4Th St Sioux City, IA 51101

    Sponsored
    For Sale
    $238,440

    Prime Executive Office, 100% Occupied

    Property size:
    1,987 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A office condominium, located at 700 4th St Unit 310 in Sioux City, Iowa, offers 1,987 square feet of meticulously renovated space. Completely remodeled in 2019, this unit boasts abundant natural light and is currently 100% occupied by a law office. The asking price is $238,440. Situated in the heart of Sioux City's entertainment district, the property benefits from a prime location with convenient access to the Sioux City Convention Center, Marriott Courtyard, Mercy One, Orpheum Theatre, Historic Pearl, Promenade 14 Cinema, and Marto Brewing via a skywalk. The building features two elevators and ample parking (344 spaces) in an adjacent structure, with a parking ratio of 6.25 spaces per 1,000 square feet and a monthly parking rate of $45. The 2.6-acre lot offers 88.5 feet of frontage and 128 feet of depth. 2022 operating expenses, including utilities, were $8.25 per square foot. This property presents a unique investment opportunity, particularly given the significant private investment ($46 million) in surrounding developments. The unit can be combined with an adjacent 5,228 sq ft unit at the same price per square foot. The property is zoned DC and has an APN of 894728384300

    Property Features for 700 4Th St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    1,987 SF
    Class
    A
    Lot Size
    113,256 SF

    Building Details

    Year Built/Renovated
    1972/2019

    HighLights

    • $45/month parking in adjacent structure.
    • Structure parking with a 6.25:1,000 sq ft ratio.
    • Two elevators.
    • 1,987 sq ft Class A office condo, fully renovated in 2019, currently 100% occupied.
    • 88.5 ft lot frontage and 128 ft lot depth.
    • $8.25/sq ft net operating income (NOI) in 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Groundworks Concrete Contractor Stifel Financial Institution MWI Veterinary Supply Veterinarian Amy Kakacek, Realtor Real Estate Consultant Bed Bug Exterminator ... Pest Control Service

    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
    -96.4017337
    Latitude
    42.4939502

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    FAQs

    What type of property is this?
    Office Property / Space - Prime Executive Office, 100% Occupied
    Where is this office property / space located?
    The property is located at 700 4Th St Sioux City, IA.
    What is the asking price?
    The asking price for this property is $238,440.
    What are key features of this property?
    This property features: $45/month parking in adjacent structure.; Structure parking with a 6.25:1,000 sq ft ratio.; Two elevators.
    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
    700 4Th St Sioux City, IA 51101
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