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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    421 Pierce St Sioux City, IA 51101-1413

    • Strip malls
    • 11,250 SF
    • 0.26 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US25-0230493
    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.

    Current Use by Public Records

    • Strip malls

    Property Details for 421 Pierce St

    Year built
    1920
    Lot size
    0.26 lot acres
    Property size
    11,250 SF
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    894728312003
    APU
    894728312003

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.4053
    Latitude
    42.495
    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
    $9,676
    $86,000
    $257,400
    $343,400
    -
    $86,000
    $257,400
    $343,400

    Comparable in this City

    • Value Estimation
      $715,000
      33,937 SF

      815 Gordon Dr, Unit 39

      SHOPPING CENTER, STRIP CENTER • 33,937 SF
      815 Gordon Dr, Sioux City, IA 51101-1829
      View Details
    • Value Estimation by Request
      5,625 SF

      201 4th St09

      SHOPPING CENTER, STRIP CENTER • 5,625 SF
      201 4th St09, Sioux City, IA 51101-1401
      View Details
    • Value Estimation
      $625,000
      39,300 SF

      1016 4th St, Unit 24

      SHOPPING CENTER, STRIP CENTER • 39,300 SF
      1016 4th St, Sioux City, IA 51101-1807
      View Details
    • Value Estimation by Request
      9,679 SF

      508 5th St, Unit 12

      SHOPPING CENTER, STRIP CENTER • 9,679 SF
      508 5th St, Sioux City, IA 51101-1502
      View Details
    • Value Estimation by Request
      14,220 SF

      500 Nebraska St

      SHOPPING CENTER, STRIP CENTER • 14,220 SF
      500 Nebraska St, Sioux City, IA 51101-1306
      View Details
    • Value Estimation by Request
      67,926 SF

      900-924 4Th St

      Shopping malls • 67,926 SF
      900-924 4Th St, Sioux City, IA 51101
      View Details

    Similar Nearby for Sale

    • $3,230,000
      53,365 SF

      Sioux City Retail Development Opportunity

      Retail building with lease income in downtown Sioux City.
      100 Pierce St, Sioux City, IA 51101
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    • $1,650,000
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      Restored Building in Downtown Sioux

      Restored two-story commercial building in the heart of downtown.
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      0.44 Acres

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      Iconic space in downtown Sioux City with unique commercial opportunities.
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    • $540,000

      Shovel Ready Retail Site

      Drive-through retail site near I-29 and downtown.
      711 Gordon Dr, Sioux City, IA 51101
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    • Contact for pricing
      0.05 Acres

      Downtown Sioux City Retail/Office Space

      New ground floor space in prime downtown Sioux City location.
      101 Virginia St, Sioux City, IA 51101
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    • $499,000
      13,850 SF

      Downtown Sioux City Investment Opportunity

      High-return bar/restaurant, fully leased.
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    Similar Nearby for Lease

    • $8 SF/Yr
      18,900 SF

      Downtown Sioux City Retail Gem

      18,900 SF Free-Standing Building, High Visibility
      124 Pierce St, Sioux City, IA 51101
      View Details
    • $15 SF/Yr
      6,451 SF

      Sioux City Flex/Retail/Office Space

      Flex, retail, or office space available for rent.
      705 West 6Th St, Sioux City, IA 51101
      View Details
    • $8 SF/Yr
      18,900 SF

      Spacious Retail Building in Sioux City

      Large, open retail space in downtown Sioux City available for lease.
      124 Pierce St, Sioux City, IA 51101
      View Details
    • $25 SF/Yr
      4,144 SF

      Prime Downtown Sioux City Retail Space

      Brand new, 1870 sq ft retail space. Excellent location & TI allowance.
      101 Virginia St, Sioux City, IA 51101
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    • $10 SF/Yr
      31,022 SF

      Food Grade Cold Storage Warehouse

      12,000 SF warehouse with refrigerated and freezer space for rent.
      514 Clark St, Sioux City, IA 51101
      View Details
    • $13 SF/Yr
      5,228 SF

      Downtown Sioux City Office Condo

      Class A Office Space, Flexible Layout
      700 4Th St, Sioux City, IA 51101
      View Details
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    421 Pierce St
    Sioux City, IA 51101-1413
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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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