Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    3200 W Russell St Sioux Falls, SD 57107

    For Sale
    $4,600,000

    Two-story hotel with conversion opportunity in expanding market.

    Property size:
    54,722 SF

    Property Features for 3200 W Russell St

    General Information

    Size
    54,722 SF

    Building Details

    Year built
    1975

    Source: Dale Zomer Agent Dale Zomer

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    98-Room Hotel with Manager’s Apartment

    This two-story hotel property features interior corridors and includes 98 guestrooms as well as a manager’s apartment. The property presents a brand conversion opportunity with Hilton, IHG, and other brands. The revenue for the twelve months ending in June 2024 was $1,377,953, with an occupancy rate of 70% and an ADR of $53.92. The net operating income for the same period was $274,033, representing a net operating percentage of 19.9%. The property is located in an expanding market with a growing population and is offered at a discount to replacement cost.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    OYO Hotel Sioux ... Hotel The Dakota Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Building Supply Hair Salon Wholesale Shop Auto Repair Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7690439
    Latitude
    43.5707556

    Nearby Similar for Sale

    • $382,400
      2,178 SF

      Sioux Falls Duplex For Sale

      South Sioux Falls duplex with detached garage. Income potential.
      3801 S Hawthorne Ave, Sioux Falls, SD 57105
      View Details
    • $1,000,000
      Pending

      Functional Industrial Property in Sioux Falls

      Well-maintained industrial property with flexible space and convenient access.
      701 E 48Th St N, Sioux Falls, SD 57106
      View Details
    • $340,000
      2,082 SF

      Well-Maintained Duplex in Sioux Falls

      Updated duplex with separate utilities and convenient location.
      616 N Garfield Ave, Sioux Falls, SD 57104
      View Details
    • New
      $365,000
      2,050 SF

      Sioux Falls Duplex For Sale

      Duplex in Sioux Falls with immediate income potential.
      2204 S Holt Ave, Sioux Falls, SD 57103
      View Details
    • $199,000
      Pending

      Sioux Falls Duplex: Investment Opportunity

      Versatile duplex near Sanford and USF, great for investors.
      710 S Walts Ave, Sioux Falls, SD 57104
      View Details
    • New
      $1,500,000
      18,296 SF

      Sioux Falls Showroom For Sale

      Highly visible showroom with ample parking and convenient access.
      2715 E 10Th St, Sioux Falls, SD 57103
      View Details

    FAQs

    What type of property is this?
    Hotel - Two-story hotel with conversion opportunity in expanding market.
    Where is this hotel located?
    The property is located at 3200 W Russell St Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: - Strong Revenue: $1,377,953 (T12 June 2024); - High Occupancy: 70% (T12 June 2024); - Solid NOI: $274,033 (T12 June 2024)
    (605) 351-1218
    Request Owner's contact information
    3200 W Russell St Sioux Falls, SD 57107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3200 W Russell St
    Sioux Falls, SD 57107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    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.

    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.

    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
    3200 W Russell St Sioux Falls, SD 57107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.