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    817-909 Tri View Ave Sioux City, IA 51103

    • Warehouses
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 817-909 Tri View Ave

    Property type
    Warehouses
    Property subtype
    Land

    Description

    This exceptional commercial property at 817-909 Tri View Ave, Sioux City, IA 51103, presents a unique investment opportunity. Priced at $789,000, this property boasts a combined 6800 square feet of space, strategically located between Hamilton Boulevard and downtown Sioux City, offering excellent visibility directly facing the Interstate. The main building has undergone a complete interior remodel, featuring a modern front office, two additional offices, and a reception area. A dedicated parts room and a storage loft accessible from the heated shop area add to the functionality. The shop area itself has been freshly painted and insulated. Exterior improvements include a refinished façade and new garage doors. Employee amenities include a break room and restroom within the main building. A second building provides additional, non-climate-controlled storage space. This property is currently operating as a highly successful vehicle accessory business, and the sale includes a complete client list and all equipment. Detailed financial information is available upon execution of a non-disclosure agreement. This prime location, coupled with the extensive recent renovations, makes this an ideal property for a variety of commercial uses. The property's industrial zoning and convenient access to major transportation routes make it a highly attractive investment. Don't miss this chance to acquire a well-maintained, turn-key commercial property in a thriving Iowa location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.4159
    Latitude
    42.4927

    Comparable in this City

    • Value Estimation
      $680,000
      31,709 SF

      1400 1st St

      WAREHOUSE, STORAGE • 31,709 SF
      1400 1st St, Sioux City, IA 51103-3525
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    • Value Estimation
      $375,000
      8,064 SF

      1600 Highland Ave

      WAREHOUSE, STORAGE • 8,064 SF
      1600 Highland Ave, Sioux City, IA 51103-4804
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    • Value Estimation
      $350,000
      6,000 SF

      2015 4th St

      WAREHOUSE, STORAGE • 6,000 SF
      2015 4th St, Sioux City, IA 51103-4140
      View Details
    • Value Estimation
      $335,000
      17,976 SF

      2003 4th St

      WAREHOUSE, STORAGE • 17,976 SF
      2003 4th St, Sioux City, IA 51103
      View Details
    • Value Estimation
      $275,000
      6,900 SF

      713 7th St, Unit 15

      WAREHOUSE, STORAGE • 6,900 SF
      713 7th St, Sioux City, IA 51103-5332
      View Details
    • Value Estimation
      $275,000
      960 SF

      512 8th St

      WAREHOUSE, STORAGE • 960 SF
      512 8th St, Sioux City, IA 51103-4304
      View Details

    Similar Nearby for Sale

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    • $249,000
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      Wooded infill lot suitable for residential development or investment.
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    Similar Nearby for Lease

    • $3 SF/Yr
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      Midtown Sioux City Warehouse Space

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    • $5 SF/Yr
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      Sioux City Warehouse Space Available

      7,500 SF warehouse space with convenient highway access.
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    • $11 SF/Yr
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      Urbane 1220 Retail Space

      Downtown Sioux City retail space, 2,285 sq ft.
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    • $20 SF/Yr
      8,155 SF

      Prime Retail/Office Space Available

      High-end retail or office space with excellent visibility.
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    • $8 SF/Yr
      98,446 SF

      Prime Corner Retail Space Available

      High-traffic corner location on Hamilton Boulevard, Sioux City.
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    817-909 Tri View Ave
    Sioux City, IA 51103
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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