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Property profile & analytics
FOR SALE
Warehouses
3312 Northbrook Dr Sioux City, IA 51105
Entity Owned
7-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0362088
For Sale
1 / 6
$590,000
3312 Northbrook Dr, Sioux City, IA 51105
View Listing →
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2020
Total area
6,000 SF
Lot
2.53 ac (110,076 SF)
APN
894723176008
UPID
US25-0362088
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$522k
Blend (final)
Blend
$590k
Owner & transaction history
Sewalson Props LLC · 7 yrs held
Sewalson Props LLC
since 2019
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$505,000
+5.6%
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$595,000
6.5%
$550,000
7%
$510,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$480,000
Current use
AUTO REPAIR, GARAGE
$505,000
Change: +6% · Conversion: Easy
OFFICE BUILDING
$395,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$98 / SF
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
$10,144
Tax year 2023
Assessed value
$541,500
Assessed 2024
Previous assessed
$373,500
+45.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$125,800
Assessed improvement
$415,700
Land market value
$125,800
Improvement market value
$415,700
Total market value
$541,500
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
For Sale
Year built
2020
Heating
NONE
Stories
1
Total area
6,000 SF
Lot
2.53 ac (110,076 SF)
APN
894723176008
UPID
US25-0362088
Jurisdiction
WOODBURY
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$480,000
AUTO REPAIR, GARAGE
Est. value
$505,000
OFFICE BUILDING
Est. value
$395,000
WAREHOUSE, STORAGE Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Heating
NONE
Stories
1
Lot
2.53 ac
Current owner
From public records · entity-resolved
Sewalson Props LLC
Entity
Free & Clear · 7 yrs held
Mailing address
916 MARTHA ST, SIOUX CITY, IA 51105-3100
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 16, 2026
—
Sewalson Properties LLC
—
Deed
related
$305,000 · The Security National Bank Of Sioux City
Feb 10, 2022
—
Sewalson Properties LLC
—
Deed
related
$168,000 · Security National Bank
Apr 8, 2019
—
Sewalson Properties LLC
—
Deed
related
$115,000 · Security National Bank
Mar 7, 2019
—
Sewalson Props LLC
Sewalson Contracting INC
Quit Claim Deed
—
Dec 20, 2018
$40,000
Sewalson Contracting INC
Floyd-dakota LLC
Warranty Deed
—
Feb 28, 2018
$40,000
Sewalson Contracting INC
Floyd Dakota LLC
Grant Deed
—
Feb 16, 2018
—
Floyd-dakota LLC
—
Deed
related
$427,000 · Central Bk
Apr 17, 2017
$900,000
Floyd-dakota LLC
Real Estate Owned LLC
Warranty Deed
—
Feb 10, 2017
—
Real Estate Owned LLC
Central Bk
Warranty Deed
related
—
Jan 26, 2017
—
Central Bk
Homes INC
Warranty Deed
related
—
—
—
Floyd-dakota LLC
—
Deed Of Trust
related
$427,000 · Central Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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