Property profile

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

OFF-MARKET
Commercial real estate
Property ID
US57-0665942
9,900 SF 115.03 ac lot Built 2004
Entity Owned 1-yr Hold ~ Est. High Equity
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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

Current use

Occupant on record · Public records
  • Vocational School Training Center

Location

615 Old Hwy 20th W South Sioux City, NE 68776-4505
South Sioux City metro Census 10300 SIOUX CITY, IA-NE-SD METROPOLITAN STATISTICAL AREA
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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

since 2024
Last sale
$1.0M
1 recorded transaction
2024
$1.0M

Zoning & alternative use

COMMERCIAL · South Sioux City, NE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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