Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1500 W 51St St Sioux Falls, SD 57105

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Professional office suites in south Sioux Falls with private offices.

    Property size:
    4,444 SF
    Lot size:
    3.01 Acres

    Property Features for 1500 W 51St St

    General Information

    Size
    4,444 SF
    Lot size
    3.01 Acres

    We can help!

    Listing Contact
    Bobbie Tibbetts
    Bobbie Tibbetts
    Source: Moodyscre

    Listing Agency: Bender Commercial Listing Agent: Bobbie Tibbetts

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

    Learn more

    Property Insight Report

    Overview

    South Sioux Falls Office Suites

    Professional office suites are available for rent in south Sioux Falls. Suite 102 features eleven private offices, a conference room, a work room with a storage area, a break room, and an IT/server room. Suite 106 includes ten private offices, an open work area, a break room, and a reception/entry area. Common area restrooms are available. The parking ratio is 1 space per 240 square feet. Monument and interior signage are included. A negotiable Tenant Improvement Allowance is offered. The property provides easy access to 41st Street, Minnesota Avenue, Western Avenue, and I-229. The property size is 4,444 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Mc Grath Michael ... Physician Neuropsychology Consultants Physician Honeywell HVAC Service Horizon Enterprises Inc Home Appliance Store Elite Solutions Big Box & Wholesale Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon 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
    -96.7429452
    Latitude
    43.5079861

    Nearby Similar for Lease

    • Sponsored
      Contact for pricing

      CNA Building

      Flexible workspace in Irvine Spectrum
      101 Reid St, Sioux Falls, SD 57103
      View Details
    • $700 /Mo

      Executive Office with Window

      Office space for rent featuring a common conference room.
      108 E 38Th St, Sioux Falls, SD 57105
      View Details
    • $5,990 /Mo

      Versatile Industrial Space with Drive-Through

      Industrial space featuring drive-through doors, in-floor heating, and secure parking.
      25735 Cottonwood Ave, Sioux Falls, SD 57107
      View Details
    • $729 /Mo

      Office Space Near Downtown

      Office space available February 1st, 2026, close to downtown.
      100 S Spring Ave, Sioux Falls, SD 57104
      View Details
    • $8 SF/Yr

      Versatile Flex Space with Office

      Flex space featuring extensive office and shop areas for rent.
      47168 Haylie St, Sioux Falls, SD 57107
      View Details
    • Contact for pricing

      Combined Shop Space For Lease

      2,560 sq ft shop space with office and restroom.
      1005 South Hillside Dr, Sioux Falls, SD 57110
      View Details
    • $6 SF/Yr

      Sioux Falls Flex Space

      16,000 SF flex space with showroom and storage.
      5620 W 9Th St, Sioux Falls, SD 57107
      View Details
    • $22 SF/Yr

      Highly Visible Retail Location Available

      Retail spaces with flexible size options and excellent access.
      2524-2530 S Louise Ave, Sioux Falls, SD 57106
      View Details
    • $14 SF/Yr

      Retail Space on Western Avenue

      Retail space for lease with high-traffic location and on-site parking.
      1714 S Western Ave, Sioux Falls, SD 57105
      View Details
    • $575 /Mo

      Executive Suites For Rent

      Executive suites available for rent with included utilities.
      4320 South Louise Ave, Sioux Falls, SD 57106
      View Details
    • $575 /Mo

      Executive Suites For Rent

      Executive suites available for rent, utilities included.
      4320 South Louise Ave, Sioux Falls, SD 57106
      View Details
    • $28 SF/Yr
      2,600 SF

      Retail Space in Dawley Farms

      Retail space for lease in Dawley Farms development.
      622 S Highline Pl, Sioux Falls, SD 57110
      View Details

    FAQs

    What type of property is this?
    Office units - Professional office suites in south Sioux Falls with private offices.
    Where is this office units located?
    The property is located at 1500 W 51St St Sioux Falls, SD.
    What are key features of this property?
    This property features: - Professional office suites in south Sioux Falls location.; - Easy access to 41st Street, Minnesota Avenue, Western Avenue and I-229.; - Suite 102: **11 private offices**, conference room, work room, break room, IT/server room.
    (605) 336-7600 Call to check price and availability
    Request Owner's contact information
    1500 W 51St St Sioux Falls, SD 57105
    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.
    1500 W 51St St
    Sioux Falls, SD 57105
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    1500 W 51St St Sioux Falls, SD 57105
    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
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Bobbie Tibbetts
    Bobbie Tibbetts
    Real Estate License ID: 20333
    (605) 336-7600 (605) 670-9455
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!