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    620 S Rustin St Sioux City, IA 51106
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    620 S Rustin St Sioux City, IA 51106

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    • Office buildings
    • 2,497 SF
    • 0.30 lot acres
    For Sale
    View Listing →
    Sioux City Office Spaces Available For Sale
    Contact for pricing
    0.30 Acres

    Sioux City Office Spaces Available

    Three private offices available for lease in Sioux City.

    620 S Rustin, Sioux City, IA 51106
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    Property ID
    US25-0416602
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Foundations Mental Health Center / Crisis Center / Medical Clinic
    • Carmen Hoogers / Counselor
    • Amy Hecht / Counselor
    • Thrivent Financial / Insurance Agency
    • C Mark / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 620 S Rustin St

    Year built
    1928
    Construction
    FRAME
    Lot size
    0.30 lot acres
    Property size
    2,497 SF
    Property type
    Office buildings
    APN
    894735155006
    APU
    894735155006

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux City
    County
    Woodbury
    State
    Iowa
    Longitude
    -96.3712
    Latitude
    42.4852
    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
    $3,398
    $42,800
    $130,700
    $173,500
    -
    $42,800
    $130,700
    $173,500

    Comparable in this City

    • Value Estimation
      $1,035,000
      9,040 SF

      4265 Sergeant Rd

      OFFICE BUILDING • 9,040 SF
      4265 Sergeant Rd, Sioux City, IA 51106-4625
      View Details
    • Value Estimation
      $940,000
      10,979 SF

      4200 Lewis Blvd

      OFFICE BUILDING • 10,979 SF
      4200 Lewis Blvd, Sioux City, IA 51106
      View Details
    • Value Estimation by Request
      1,936 SF

      4101 Gordon Dr

      OFFICE BUILDING • 1,936 SF
      4101 Gordon Dr, Sioux City, IA 51106-1377
      View Details
    • Value Estimation by Request
      748 SF

      2038 Saint Aubin St

      OFFICE BUILDING • 748 SF
      2038 Saint Aubin St, Sioux City, IA 51106-2406
      View Details
    • Value Estimation by Request
      751 SF

      2036 Saint Aubin St

      OFFICE BUILDING • 751 SF
      2036 Saint Aubin St, Sioux City, IA 51106-2406
      View Details
    • Value Estimation by Request
      2,016 SF

      3916 Transit Ave, Unit 18

      OFFICE BUILDING • 2,016 SF
      3916 Transit Ave, Sioux City, IA 51106-2445
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      11,640 SF

      Sioux City Office Building For Sale

      Centrally located office building with ample parking and easy access.
      2800 Gordon Dr, Sioux City, IA 51106
      View Details
    • Contact for pricing
      0.19 Acres

      Office Spaces in Sioux City

      Office spaces available for sale in Sioux City, Iowa.
      2002 St S, Sioux City, IA 51106
      View Details
    • Contact for pricing
      0.19 Acres

      Office Spaces in Sioux City

      Office spaces available for sale in Sioux City, Iowa.
      2002 St S, Sioux City, IA 51106
      View Details
    • $399,000
      0.41 Acres

      Sioux City Commercial Property

      Well-located commercial property with proven rental income in Sioux City.
      4242 Gordon Dr, Sioux City, IA 51106
      View Details
    • Contact for pricing
      8,939 SF

      Class A Office Space Available

      Turnkey, fully furnished office space in Sioux City, Iowa.
      5500 Sergeant Rd, Sioux City, IA 51106
      View Details
    • Contact for pricing

      Office Spaces Available For Sale

      Office spaces available, expansion possible, utilities responsibility split.
      2000 S Saint Aubin St, Sioux City, IA 51106
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Sioux City Office Building

      Office building in Sioux City with highway access and parking.
      2800 Gordon Dr, Sioux City, IA 51106
      View Details
    • $10 SF/Yr

      Sioux City Office Suite For Rent

      Office suite with open rooms, private office, restroom, conference room.
      4700 Gordon Dr, Sioux City, IA 51106
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space for rent at 2004 South Saint Aubin Street.
      2004 South Saint Aubin St, Sioux City, IA 51106
      View Details
    • $28 SF/Yr

      Medical Office Space For Rent

      Former dialysis center near Unity Point St. Lukes.
      5865 Sunnybrook Dr, Sioux City, IA 51106
      View Details
    • $15 SF/Yr
      83,200 SF

      New Class A Office Space

      Class A medical/office suites available for lease in Sioux City.
      5500 Sergeant Rd, Sioux City, IA 51106
      View Details
    • Contact for pricing

      Office Space Available For Rent

      Office space available for rent at 4240 Hickory Lane.
      4240 Hickory Ln, Sioux City, IA 51106
      View Details
    View Listing
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    620 S Rustin St
    Sioux City, IA 51106
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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