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Property profile & analytics

615 Old Hwy 20th W South Sioux City, NE 68776-4505

  • Commercial real estate
  • 9,900 SF
  • 115.03 lot acres
OFF-MARKET
Last Sale
Oct 15, 2024
$1,000,000
Value Estimations
$1,000,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US57-0665942
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

  • Martin's Sioux Air Inc / Vocational School / Training Center

Property Details for 615 Old Hwy 20th W

Year built
2004
Lot size
115.03 lot acres
Property size
9,900 SF
Zone code
COMMERCIAL
Property type
Commercial real estate
APN
220069530
APU
220069530

Description

This exceptional investment opportunity presents the chance to acquire Martin Field Airport, a fully operational private airfield in South Sioux City, Nebraska. Located just minutes from the Sioux City, IA metro area, this property boasts over 136 acres of land, including three parcels and several buildings. The existing structures comprise an office building, airplane hangar buildings, and a utility shop, along with some tillable acreage. The airport features a substantial 3,326-foot runway (50' x 4"), significantly reducing the cost and time associated with new construction. The property also benefits from over 1,600 feet of highway frontage on Hwy 20, ensuring excellent accessibility. Currently operating at 100% occupancy, this airport presents a unique opportunity for continued operation as an airfield, with ample space for expansion of hangars and the addition of aircraft maintenance services (A&P). Alternatively, the substantial acreage and prime location offer significant potential for redevelopment. The seller will consider subdividing the property, offering options ranging from 10 to 136 acres. The asking price is $2,500,000 for the real estate only


Value Estimations

based on Realmo’s proprietary methodology
  • AI approach

    Method
    Estimation
    Statistic approach
    $1,000,000
    ML approach
    $1,000,000
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $928,000
    Market price range: $616k - $1.79M

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


Location Insight

  • Map
  • Local Demand
City
South Sioux City
County
Dakota
State
Nebraska
Longitude
-96.4725
Latitude
42.456
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
$5,504
$307,060
$90,550
$397,610
-
$307,060
$90,550
$397,610
More about this property
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