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Property profile & analytics
FOR SALE
Bars & Pubs
2611 Correctionville Rd Sioux City, IA 51106
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0295551
For Sale
1 / 7
$145,000
2611 Correctionville Rd, Sioux City, IA 51106
View Listing →
Property profile
Verified
Property type
Bars & Pubs
Use group
BAR, TAVERN
Year built
1905
Construction
FRAME
Total area
3,024 SF
Lot
0.1 ac (4,400 SF)
Zoning code
C-4
APN
894727479021
UPID
US25-0295551
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
South Bottomz Bar & Pub
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Rentsux LLC · 4 yrs held
Rentsux LLC
since 2022
Last sale
$123,000
2 recorded transactions
Zoning & alternative use
C-4 · Sioux City, IA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sioux City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sioux City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$2,170
Tax year 2023
Assessed value
$124,900
Assessed 2024
Previous assessed
$124,900
+0.0% YoY
Effective rate
1.74%
On assessed value
Assessed land
$19,200
Assessed improvement
$105,700
Land market value
$19,200
Improvement market value
$105,700
Total market value
$124,900
Applied tax rate
87.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Bars & Pubs
Use group
BAR, TAVERN
Status
For Sale
Year built
1905
Construction
FRAME
Heating
NONE
Stories
2
Total area
3,024 SF
Lot
0.1 ac (4,400 SF)
Zoning code
C-4
APN
894727479021
UPID
US25-0295551
Jurisdiction
WOODBURY
Zoning & alternative use
C-4 · Sioux City, IA
Zoning C-4 · permitted uses
C-4 · Sioux City, IA
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sioux City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1905
Construction
FRAME
Heating
NONE
Stories
2
Lot
0.1 ac
Current owner
From public records · entity-resolved
Rentsux LLC
Entity
Mailing address
513 JACKSON ST, SIOUX CITY, IA 51101-1304
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 13, 2022
$123,000
Rentsux LLC
Robert G Perera
Warranty Deed
$123,000 · Peoples Bank
Apr 24, 2007
—
Robert G Perera
Perera,gerald F & Joann E
Quit Claim Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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