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    2101 Murray St Sioux City, IA 51111-1149

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    2101 Murray St Sioux City, IA 51111-1149

    View on Map
    • Self service car washes
    • 2,625 SF
    • 8.18 lot acres
    Off-Market
    Property ID
    US25-0181501
    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

    • L & L Distributing Co / Big Box & Wholesale Store / Distribution Center
    • L & L Distributing / Warehouse & Storage

    Property Details for 2101 Murray St

    Year built
    2020
    Construction
    FRAME
    Lot size
    8.18 lot acres
    Property size
    2,625 SF
    Property type
    Self service car washes
    APN
    884824101015
    APU
    884824101015

    Description

    This Class A industrial property, located at 2101 Murray St in Sioux City, IA, offers a prime opportunity for businesses seeking versatile manufacturing or warehouse space. Built in 2016, the 71,240 square foot building sits on an 8.18-acre lot with 621 feet of frontage. Currently, 13,329 square feet of space is available for lease within this multi-tenant building. The available space includes 11,959 square feet of immaculate, food-grade freezer space with a 24-foot clear height, capable of storing up to 500 pallets stacked four high at -10 degrees Fahrenheit. Tenants have exclusive use of two dock-high doors or the option to utilize landlord-provided product handling services. An additional 2,987 square feet of refrigeration space (maintained at 34 degrees Fahrenheit) is available for lease adjacent to the freezer space, subject to landlord approval. The property features a total of 98 parking spaces and is zoned GI. The property's APN is 884824101015, and it is located in Woodbury County, Iowa, with a zip code of 51111. This exceptional property offers a unique combination of modern amenities and strategic location, making it an ideal choice for a variety of industrial businesses. The building includes one suite in total.

    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
    -96.3851
    Latitude
    42.428
    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
    $108,206
    $327,700
    $3,141,600
    $3,469,300
    -
    $327,700
    $3,141,600
    $3,469,300

    Comparable in this City

    • Value Estimation
      $1,630,000
      14,000 SF

      2301 Blvd Of Champions

      CAR WASH - SELF-SERVE • 14,000 SF
      2301 Blvd Of Champions, Sioux City, IA 51111-1100
      View Details
    • Value Estimation
      $5,895,000
      50,476 SF

      4135 Hbr Dr

      AUTO REPAIR, GARAGE • 50,476 SF
      4135 Hbr Dr, Sioux City, IA 51111-1013
      View Details
    • Value Estimation
      $1,305,000
      27,488 SF

      4535 Hbr Dr

      VEHICLE SALES, RENTALS • 27,488 SF
      4535 Hbr Dr, Sioux City, IA 51111-1021
      View Details
    • Value Estimation
      $510,000
      6,960 SF

      5301 Al Haynes Dr

      AUTO REPAIR, GARAGE • 6,960 SF
      5301 Al Haynes Dr, Sioux City, IA 51111-1235
      View Details
    • Value Estimation
      $2,495,000
      46,080 SF

      4801 Hbr Dr

      AUTO REPAIR, GARAGE • 46,080 SF
      4801 Hbr Dr, Sioux City, IA 51111-1103
      View Details
    • Value Estimation by Request
      392 SF

      6166 Hbr Dr

      LAUNDROMAT (SELF-SERVICE) • 392 SF
      6166 Hbr Dr, Sioux City, IA 51111-1156
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      124,843 SF

      Renovated Hotel Near Sioux Airport

      71-room hotel with recent renovations near Sioux Gateway Airport.
      6166 Harbor Dr, Sioux City, IA 51111
      View Details
    • Contact for pricing

      Sioux City Industrial Park Land

      32.76 acres in Bridgeport Industrial Park, Sioux City.
      2300 Boulevard Of Champions, Sioux City, IA 51111
      View Details
    • $2,600,000
      2.87 Acres

      Renovated Hotel Near Sioux Airport

      71-room hotel with recent renovations and expansion potential.
      6166 Harbor Dr, Sioux City, IA 51111
      View Details
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    Sioux City, IA 51111-1149
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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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