Sioux Falls Office
For Sale
Contact for pricing
3400 S Holbrook Ave, Sioux Falls, SD 57106
3,185 SF office space available for sale in Sioux Falls.
Property Size3,185 SF
Price / SF$272.84
Days on Market361
Property Features for 3400 S Holbrook Ave
General Information
Standard status
Active
Size
3,185 SF
Property subtype
Office
Building Details
Year Built
1999
Buildings
1
Listing Agency:
Vantis Commercial
Listed By:
Craig Hagen · License #10123
Source:
Crexi
Added: Oct 10, 2025
Changed: Sep 20
Last Checked: Oct 4 at 8:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vantis Commercial
Investment Insights
Based on property information with market context.
This 3,185 square foot office space is available for sale. The property is located in Sioux Falls, South Dakota. The space will be available starting April 1, 2026. The sale price is $895,000.
Key Highlights
- Size: 3,185 SF
- Sale Price: $895,000
- Available April 1, 2026
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,639
Cap Rate
4.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,780
$852.8K
Cap Rate 7%
$609,129
$609.1K
Cap Rate 9%
$473,767
$473.8K
Market Conditions
NOI Build-Up for 3,185 SF
Gross rent
$66.9K $21.00/SF
− Vacancy
−$10.0K −$3.15/SF
EGI
$56.9K $17.85/SF
− OpEx
−$14.2K −$4.46/SF
NOI
$42.6K $13.39/SF
Area
Sioux Falls, SD
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$852,780
Cap Rate 7%
$609,129
Cap Rate 9%
$473,767
Alternative Uses
Best Use
Office B
$609.1K
$533.0K – $710.7K
NOI $42,639 @ 7.0% cap · market cap 4.91%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$864.9K
$756.8K – $1.01M
NOI $60,540 @ 7.0% cap · market cap 6.97%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
307
Businesses Nearby
Explore this area
Business Placement
Demographics for 57106, SD
47,877
Population
21,722
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
93%
High-School Grad
30.3 sq mi
ZIP Area
1,580
Density / Sq Mi
$77,070
Median Household Income
$47,554
Median Earnings
$996
Median Rent
$268,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office units - 3,185 SF office space available for sale in Sioux Falls.
Where is this office units located?
The property is located at 3400 S Holbrook Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $869,000.
What are key features of this property?
This property features: Size: 3,185 SF; Sale Price: $895,000; Available April 1, 2026
