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    Property profile & analytics
    OFF-MARKET Estimated value $1,000,000
    Commercial real estate

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

    9,900 SF 115.03 ac lot Built 2004
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US57-0665942
    Property summary
    AI-generated overview

    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

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Year built 2004
    Total area 9,900 SF
    Lot 115.03 ac (5,010,707 SF)
    Zoning code COMMERCIAL
    APN 220069530
    UPID US57-0665942
    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
    • Martin's Sioux Air Inc Vocational School Training Center
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.00M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $929k
    Blend (final) Blend
    $1.00M
    Owner & transaction history
    Bracht Properties LLC · 1 yrs held
    Bracht Properties LLC
    since 2024
    Last sale
    $1.0M
    1 recorded transaction
    2024
    $1.0M
    Zoning & alternative use
    COMMERCIAL · South Sioux City, NE
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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