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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Manufacturing properties
515 Pavonia St Sioux City, IA 51101-2245
Entity Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US25-0441519
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
1972
Total area
30,869 SF
Lot
1.96 ac (85,400 SF)
APN
894727327006
UPID
US25-0441519
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
-
Siouxland Wheels for You Car Dealership
-
Get It Siouxland Marketing & Advertising Advertising Agency
-
Active Seniors Community Center
-
Real Estate Siouxland Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.83M
CAP Approach
CAP
$2.34M
Comparable Approach
Comparable
$1.30M
Blend (final)
Blend
$1.83M
Owner & transaction history
Brad Cummings LLC · 2 yrs held
Brad Cummings LLC
since 2024
Last sale
$1.8M
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$2.4M
+77.0%
Office building
$1.9M
+36.6%
Commercial (general)
$1.8M
+34.4%
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
$1,825,000
ML approach
$1,825,000
CAP Approach
CAP Return
Estimation
6%
$2,530,000
6.5%
$2,335,000
7%
$2,170,000
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,365,000
Current use
AUTO REPAIR, GARAGE
$2,415,000
Change: +77% · Conversion: Easy
OFFICE BUILDING
$1,865,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,835,000
Change: +34% · Conversion: Difficult
MEDICAL BUILDING
$1,715,000
Change: +26% · Conversion: Difficult
RESTAURANT
$1,635,000
Change: +20% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±10% · vs last sale $1.83M (May 20 2024)
Last sale anchor
$1.83M
May 20 2024
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
$59 / 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
$42,398
Tax year 2023
Assessed value
$1,329,700
Assessed 2024
Previous assessed
$1,329,700
+0.0% YoY
Effective rate
3.19%
On assessed value
Assessed land
$188,300
Assessed improvement
$1,141,400
Land market value
$188,300
Improvement market value
$1,141,400
Total market value
$1,329,700
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
1972
Heating
NONE
Stories
1
Total area
30,869 SF
Lot
1.96 ac (85,400 SF)
APN
894727327006
UPID
US25-0441519
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
INDUSTRIAL (GENERAL) Current
Est. value
$1.4M
AUTO REPAIR, GARAGE
Est. value
$2.4M
OFFICE BUILDING
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.7M
RESTAURANT
Est. value
$1.6M
INDUSTRIAL (GENERAL) Current
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
1972
Heating
NONE
Stories
1
Lot
1.96 ac
Current owner
From public records · entity-resolved
Brad Cummings LLC
Entity
Mailing address
51229 E 872ND RD, ORCHARD, NE 68764-6475
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 25, 2025
—
Carparelli Properties LLC
—
Deed
related
$1,961,499 · Pioneer Bank
May 20, 2024
$1,825,000
Brad Cummings LLC
Benamich LLC
Warranty Deed
$2,000,000 · Pioneer Bank
Aug 31, 2023
$1,600,000
Benamich LLC
Sioux City Newspapers INC
Warranty Deed
$1,360,000 · Pioneer Bank
Mar 16, 2020
—
Lee Publications INC
—
Deed
related
$576,000 · Bh Finance LLC
Jul 1, 2014
—
Lee Publications INC
—
Deed Of Trust
related
$800,000,000 · Jp Morgan Chase Bank NA
—
—
Lee Publications INC
—
Deed Of Trust
related
$576,000 · Bh Finance LLC
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.
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