Freestanding Office
For Sale
Contact for pricing
3409 N Potsdam Ave, Sioux Falls, SD 57104
Freestanding office property located just off Benson Road with easy access to I-229.
Property Size10,000 SF
Price / SF$148.55
Days on Market141
Property Features for 3409 N Potsdam Ave
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Office
Additional Details
Highway Access
Yes
Building Details
Year Built
2000
Listing Agency:
NAI Sioux Falls
(605) 321-2191
Listed By:
Sam Fawcett · License #SD - 21407
Source:
Crexi
Added: Mar 12
Changed: Jul 23
Last Checked: Jul 23 at 3:14PM
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 NAI Sioux Falls
Investment Insights
Based on property information with market context.
This freestanding office property is offered for sale and positioned just off Benson Road. The property is configured as an office facility, with the commercial space footprint sized at approximately 10,000 square feet.
Area neighbors include Circle K, Electric Construction, and Hardscapes Outlet. The location also provides easy access to I-229.
The offering is suited for buyers seeking an office building with direct access to a major interstate corridor.
Area neighbors include Circle K, Electric Construction, and Hardscapes Outlet. The location also provides easy access to I-229.
The offering is suited for buyers seeking an office building with direct access to a major interstate corridor.
Key Highlights
- Freestanding office property just off Benson Road
- Built in 2000
- Easy access to I‑229
Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $210.0k | $21.00 |
| − Vacancy | −$31.5k | −$3.15 |
| EGI | $178.5k | $17.85 |
| − OpEx | −$44.6k | −$4.46 |
| NOI | $133.9k | $13.39 |
10,000 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.91M
$1.67M – $2.23M
NOI $133,875 @ 7.0% cap · market cap 9.01%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.72M
$2.38M – $3.17M
NOI $190,080 @ 7.0% cap · market cap 12.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
247
Businesses Nearby
Explore this area
Business Placement
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Freestanding office property located just off Benson Road with easy access to I-229.
Where is this office building located?
The property is located at 3409 N Potsdam Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,485,485.
What are key features of this property?
This property features: Freestanding office property just off Benson Road; Built in 2000; Easy access to I‑229
