1900 Hamilton Blvd Sioux City, IA 51104-4149
Property profile & analytics
1900 Hamilton Blvd Sioux City, IA 51104-4149
- Retail space
- 14,820 SF
- 2.34 lot acres
Property ID
US25-1108300
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.
Location Intelligence
Current Use by Public Records
- Walgreens / Pharmacy
- Walgreens Pharmacy / Pharmacy
- Walgreens Photo / (Bike/Boat/Book/etc) Store
- FedEx OnSite / Postal Service / Courier Service
- COVID-19 Drive-Thru Testing at Walgreens / Medical Laboratory
Property Details for 1900 Hamilton Blvd
- Year built
- 2013
- Lot size
- 2.34 lot acres
- Property size
- 14,820 SF
- Property type
- Retail space
- APN
- 894720404018
- APU
- 894720404018
Description
This exceptional investment opportunity presents a fee-simple interest in a freestanding Walgreens located at 1900 Hamilton Blvd, Sioux City, IA 51104. The 14,838 square foot building, constructed in 2013, sits on a 2.34-acre lot with 60 parking spaces and benefits from a high-traffic location at a signalized intersection, boasting 33,100 vehicles daily and proximity to I-29 (91,000 VPD). The property features a drive-thru and a liquor license. The absolute NNN lease with Walgreens, a nationally recognized brand, has approximately 10 years remaining with 11 five-year renewal options. The corporate-guaranteed lease provides zero landlord responsibilities, ensuring a passive income stream. The property enjoys 100% occupancy and generates a strong net operating income (NOI) of $441,603, representing a 6.50% cap rate and a price per square foot of $457.88. The surrounding area includes numerous national retailers and residential communities, supporting a robust consumer base. The 5-mile trade area boasts over 101,400 residents and 51,500 daytime employees, with an average household income of $81,420. The property is zoned BC-C: Community Business Zone and has an APN of 894720404018. This is a prime investment opportunity with significant long-term potential.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $948,000
- AI Estimate
- $972,000
Market price range: $170k - $949kMarket price range: $329k - $972k -
Alternative Use
- Use
- Estimation
- AUTO REPAIR, GARAGE
- $1,250,000
- WAREHOUSE, STORAGE
- $1,185,000
- OFFICE BUILDING
- $970,000
- RESTAURANT
- $920,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.4161
- Latitude
- 42.5112
- 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
$91,714
$1,239,200
$1,552,600
$2,791,800
-
$1,239,200
$1,552,600
$2,791,800
