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    1515 Zenith Dr Sioux City, IA 51103
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    1515 Zenith Dr Sioux City, IA 51103

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    • Office buildings
    • 5,964 SF
    • 0.42 lot acres
    For Sale
    $575,000
    View Listing →
    Office Building with Billboard Potential For Sale
    $575,000
    5,964 SF

    Office Building with Billboard Potential

    Office building with flexible floor plan and billboard opportunity.

    1515 Zenith Dr, Sioux City, IA 51103
    View Listing
    Property ID
    US25-0183528
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Girl Scouts / Charitable Organization / Social Service Agency

    Property Details for 1515 Zenith Dr

    Year built
    1971
    Lot size
    0.42 lot acres
    Property size
    5,964 SF
    Property type
    Office buildings
    APN
    894729351015
    APU
    894729351015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.4278
    Latitude
    42.4926
    CBSA code
    43580
    CBSA name
    SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $0.00
    $0.00
    $0.00
    $416,300
    -
    $0.00
    $0.00
    $416,300

    Comparable in this City

    • Value Estimation
      $510,000
      5,600 SF

      1211 Tri Vw Ave

      OFFICE BUILDING • 5,600 SF
      1211 Tri Vw Ave, Sioux City, IA 51103-4902
      View Details
    • Value Estimation by Request
      5,437 SF

      1315 Zenith Dr

      OFFICE BUILDING • 5,437 SF
      1315 Zenith Dr, Sioux City, IA 51103-5218
      View Details
    • Value Estimation
      $2,575,000
      26,748 SF

      515 Water St

      OFFICE BUILDING • 26,748 SF
      515 Water St, Sioux City, IA 51103-4412
      View Details
    • Value Estimation
      $1,070,000
      12,640 SF

      1104 1st St

      OFFICE BUILDING • 12,640 SF
      1104 1st St, Sioux City, IA 51103
      View Details
    • Value Estimation
      $4,770,000
      118,500 SF

      1153 Tri Vw Ave

      OFFICE BUILDING • 118,500 SF
      1153 Tri Vw Ave, Sioux City, IA 51103-4956
      View Details
    • Value Estimation by Request
      9,400 SF

      1500 3rd St06

      OFFICE BUILDING • 9,400 SF
      1500 3rd St06, Sioux City, IA 51103-4210
      View Details

    Similar Nearby for Sale

    • $575,000
      5,964 SF

      Office Building with Billboard Potential

      Office building with flexible floor plan and billboard opportunity.
      1515 Zenith Dr, Sioux City, IA 51103
      View Details
    • Contact for pricing
      0.39 Acres

      Sioux City Residential Land Parcels

      Three residential parcels available in Sioux City, Iowa.
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      1.02 Acres

      Residential Land in Sioux City

      Residential land with trees, suitable for nature enthusiasts.
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    • $50,000
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      Acreage Building Site in Town

      Affordable in-town acreage building site with potential.
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    • $850,000
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      Fully Occupied Multi-Unit Investment

      Thirteen-unit property generating over $9,000 monthly income.
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      Retail Development Site on Corner

      Level retail development site with high visibility on Hamilton Blvd.
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    Similar Nearby for Lease

    • $20 SF/Yr
      8,155 SF

      Prime Retail/Office Space Available

      High-end retail or office space with excellent visibility.
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      View Details
    • $20 SF/Yr

      Prime Commercial Space Available

      High-end commercial space with offices, conference room, and more.
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      View Details
    • Contact for pricing

      Retail Space in Urbane 1220

      New Class-A retail space with patio access and parking.
      1220 4Th St, Sioux City, IA 51103
      View Details
    • Contact for pricing

      Retail Spaces Available

      Two retail spaces available for rent in Hamilton Square.
      2001 Hamilton Blvd, Sioux City, IA 51103
      View Details
    • $3 SF/Yr
      22,135 SF

      Sioux City Warehouse Space Available

      Warehouse space with truck dock and additional second-floor space.
      712 Market St, Sioux City, IA 51103
      View Details
    • New
      $8 SF/Yr
      98,446 SF

      Prime Corner Retail Space Available

      High-traffic corner location on Hamilton Boulevard, Sioux City.
      1910 Geneva St, Sioux City, IA 51103
      View Details
    View Listing
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    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.

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