Back to Search
Property profile & analytics
FOR SALE
Office buildings
507 7Th St Sioux City, IA 51101
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US25-0328942
For Sale
1 / 19
$1,265,000
507 7Th St, Sioux City, IA 51101
View Listing →
Property profile
Verified
Property type
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Year built
1917
Total area
62,610 SF
Lot
0.34 ac (15,000 SF)
APN
894728183004
UPID
US25-0328942
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
-
Birthright of Siouxland Medical Clinic
-
Sioux City Lights Electrical Service General Contractor
-
Holiday Cheer Lighting Electrical Service General Contractor
-
Iowa Legal Aid Social Service Agency Charitable Organization
-
Operating Engineers 234 Advocacy Group
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.53M
Blend (final)
Blend
$1.27M
Owner & transaction history
Brad Cummings LLC · 6 yrs held
Brad Cummings LLC
since 2020
7 recorded transactions
Zoning & alternative use
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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.27M
Range $1.14M – $1.39M · ±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
$20 / 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
$40,134
Tax year 2023
Assessed value
$1,182,800
Assessed 2024
Previous assessed
$1,182,800
+0.0% YoY
Effective rate
3.39%
On assessed value
Assessed land
$114,600
Assessed improvement
$1,068,200
Land market value
$114,600
Improvement market value
$1,068,200
Total market value
$1,182,800
Applied tax rate
174.0000
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
Office buildings
Use group
SKYSCRAPER/HIGH-RISE (COM OFFICES)
Status
For Sale
Year built
1917
Heating
NONE
Stories
6
Total area
62,610 SF
Lot
0.34 ac (15,000 SF)
APN
894728183004
UPID
US25-0328942
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
Building & site characteristics
From public records
Year built
1917
Heating
NONE
Stories
6
Lot
0.34 ac
Current owner
From public records · entity-resolved
Brad Cummings LLC
Entity
Free & Clear · 6 yrs held
Mailing address
51229 872ND RD, ORCHARD, NE 68764-6475
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 6, 2021
—
Brad Cummings LLC
—
Deed
related
—
Mar 5, 2020
$370,000
Brad Cummings LLC
York Street INC
Warranty Deed
—
Jul 1, 2019
$424,065
Brad Cummings LLC
I L L INC
Grant Deed
—
Jul 3, 2018
$13,000
Brad Cummings LLC
713 Ne Street LLC
Warranty Deed
—
Apr 6, 2017
—
Brad Cummings LLC
—
Loan Modification
related
$1,460,000 · Liberty Nat'l Bk
Jul 2, 2014
$225,000
Brad Cummings LLC
Miller Kathleen F Trust 2010
Warranty Deed
$196,209 · Liberty Nat'l Bk
Oct 27, 2010
—
Miller Kathleen F Trust/2010
Miller,ronald E & Kathleen F
Quit Claim Deed
related
—
Oct 5, 2010
—
Miller Kathleen F Trust/2010
Miller,ronald E & Kathleen F
Quit Claim Deed
related
—
—
—
Brad Cummings LLC
—
Loan Modification
related
$870,000 · Liberty Nat'l Bk
—
—
Brad Cummings LLC
—
Deed Of Trust
related
$60,000 · Miscellaneous Govt Agcy
—
—
Brad Cummings LLC
—
Loan Modification
related
—
—
—
Ronald E Miller
—
Deed Of Trust
related
$175,000 · Wells Fargo Bank
—
—
Ronald E Miller
—
Deed Of Trust
related
$70,000 · Wells Fargo Bank
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?”
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
