Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    3218 Northbrook Dr, Unit A Sioux City, IA 51105

    Meet Realmo: The Largest Hub of Commercial Real Estate in the US

    Over 1 million active listings and over 150 million property profiles

    Property profile & analytics

    3218 Northbrook Dr, Unit A Sioux City, IA 51105

    View on Map
    • Warehouses
    • 18,000 SF
    • 1.35 lot acres
    For Lease
    $3,375/Mo
    View Listing →
    Northbrook Drive Warehouse For Rent For Lease
    $3,375/Mo
    18,000 SF

    Northbrook Drive Warehouse For Rent

    Warehouse with dock and drive-in door in Northbrook Industrial Park.

    3218 Northbrook Dr, Ste A, Sioux City, IA 51105
    View Listing
    Property ID
    US25-0361096
    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

    • IBT Industrial Solutions - Sioux City / Factory / Industrial Manufacturer

    Property Details for 3218 Northbrook Dr

    Year built
    1993
    Lot size
    1.35 lot acres
    Property size
    18,000 SF
    Property type
    Warehouses
    APN
    894723176022
    APU
    894723176022

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $889,000
      Market price range: $380k - $2.86M
      AI Estimate
      $679,000
      Market price range: $642k - $1.57M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $1,440,000
      Current use
      OFFICE BUILDING
      $1,180,000
      Change: -18% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.3656
    Latitude
    42.5146
    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
    $13,938
    $119,800
    $366,200
    $486,000
    -
    $119,800
    $366,200
    $486,000

    Comparable in this City

    • Value Estimation
      $6,395,000
      146,376 SF

      2550 Hawkeye Dr

      WAREHOUSE, STORAGE • 146,376 SF
      2550 Hawkeye Dr, Sioux City, IA 51105-2052
      View Details
    • Value Estimation by Request
      3,600 SF

      1909 Illinois Ave

      WAREHOUSE, STORAGE • 3,600 SF
      1909 Illinois Ave, Sioux City, IA 51105-2057
      View Details
    • Value Estimation by Request
      5,200 SF

      2600 Us Hwy 75

      WAREHOUSE, STORAGE • 5,200 SF
      2600 Us Hwy 75, Sioux City, IA 51105-2444
      View Details
    • Value Estimation by Request
      3,200 SF

      3029 Rustin St

      WAREHOUSE, STORAGE • 3,200 SF
      3029 Rustin St, Sioux City, IA 51105-2161
      View Details
    • Value Estimation by Request
      2,232 SF

      2804 Irene St

      WAREHOUSE, STORAGE • 2,232 SF
      2804 Irene St, Sioux City, IA 51105
      View Details
    • Value Estimation by Request
      2,400 SF

      2415 18th St

      WAREHOUSE, STORAGE • 2,400 SF
      2415 18th St, Sioux City, IA 51105
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,000 SF

      Steel Engineered Warehouse/Shop For Sale

      6,000 SF warehouse/shop with climate control and in-floor heating.
      3312 Northbrook Dr, Sioux City, IA 51105
      View Details
    • Contact for pricing
      6,000 SF

      Sioux City Warehouse/Shop For Sale

      6,000 SF warehouse/shop with two bays and office space.
      3312 Northbrook Dr, Sioux City, IA 51105
      View Details
    • $2,200,000

      Sioux City Grain Elevator

      Grain elevator for sale or lease in Sioux City.
      1400 Division St, Sioux City, IA 51105
      View Details
    • $50,000

      Established Sewing and Quilting Business

      Profitable sewing and quilting business for sale in Western Iowa.
      1111 Lewis Blvd, Sioux City, IA 51105
      View Details
    • $1,461,500
      18,032 SF

      Sioux City Studio Apartment Building

      Studio apartments near downtown Sioux City with assumable loan.
      923 Douglas St, Sioux City, IA 51105
      View Details
    • $479,000
      0.52 Acres

      Spacious Commercial Building in Sioux City

      Two-story commercial building with offices, conference rooms, and gymnasium.
      1221 Pierce St, Sioux City, IA 51105
      View Details

    Similar Nearby for Lease

    • $3,375 /Mo
      18,000 SF

      Northbrook Drive Warehouse For Rent

      Warehouse with dock and drive-in door in Northbrook Industrial Park.
      3218 Northbrook Dr, Sioux City, IA 51105
      View Details
    • $3,375 /Mo

      Northbrook Drive Warehouse For Rent

      Flexible warehouse space with dock and drive-in door.
      3218 Northbrook Dr, Sioux City, IA 51105
      View Details
    • Contact for pricing

      Medical Office Space Available

      Lease opportunity: space previously utilized as a dental clinic.
      1125 Pierce St, Sioux City, IA 51105
      View Details
    • $16 SF/Yr
      10,230 SF

      Gordon Drive Retail/Office Space

      Office/retail space with pylon signage on busy Gordon Drive.
      3111 Gordon Dr, Sioux City, IA 51105
      View Details
    • Contact for pricing

      Sioux City Office Space

      Office space available for rent in Sioux City, Iowa.
      1309 Pierce St, Sioux City, IA 51105
      View Details
    • Contact for pricing

      Commercial Property for Rent

      Commercial property available for rent in Sioux City, Iowa.
      1319 Nebraska St, Sioux City, IA 51105
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3218 Northbrook Dr, Unit A
    Sioux City, IA 51105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    3218 Northbrook Dr, Sioux City, IA, 51105
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!