919 Gordon Dr Sioux City, IA 51101-1831
Property Lookup
Property profile & analytics
919 Gordon Dr Sioux City, IA 51101-1831
- Drive through restaurants
- 3,332 SF
- 0.59 lot acres
Property ID
US25-0929821
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.
Location Intelligence
Current Use by Public Records
- Arby's / Restaurant
Property Details for 919 Gordon Dr
- Year built
- 1988
- Lot size
- 0.59 lot acres
- Property size
- 3,332 SF
- Property type
- Drive through restaurants
- APN
- 894733202008
- APU
- 894733202008
Description
This exceptional investment opportunity presents a fee-simple ownership of a newly renovated Arby's restaurant located at 919 Gordon Dr, Sioux City, IA 51102. The 3,322 square foot building sits on a 0.85-acre lot and benefits from a hard-corner location at a major intersection, ensuring high visibility and accessibility. The property enjoys a prominent position near the Hard Rock Casino and Hotel, Tyson Events Center, and Sioux City Public Museum, attracting significant foot and vehicle traffic. Further enhancing its appeal is its proximity to I-29, a major highway with an average daily traffic count of 27,400 vehicles. The current tenant, a franchisee operating 188 Arby's units, will sign a new 20-year absolute NNN lease at closing, providing long-term stability and predictable cash flow. The lease includes a 10% rent increase every five years, ensuring consistent growth in rental income. Built in 1988 and renovated in 2021, this single-story building boasts a strong operational history and above-average sales performance. The property's strong location, coupled with the long-term lease and built-in rent escalations, makes this a compelling investment opportunity with a 5.50% cap rate and a net operating income (NOI) of $169,908. The asking price is $3,089,229, translating to $929.93 per square foot. The property is zoned commercial and offers a secure investment with a proven track record.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,865,000
- ML approach
- $1,860,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sioux City
- County
- Woodbury
- State
- Iowa
- Longitude
- -96.3983
- Latitude
- 42.4902
- 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
$32,002
$387,800
$580,000
$967,800
-
$387,800
$580,000
$967,800
