Office Building with Monument
For Sale
Contact for pricing
3800 S Kiwanis Ave, Sioux Falls, SD 57105
Corner office property with access from both streets, monument signage, lawn irrigation, and an enclosed dumpster area.
Property Size10,572 SF
Price / SF$193.91
Days on Market179
Property Features for 3800 S Kiwanis Ave
General Information
Standard status
Active
Size
10,572 SF
Class
A
Property subtype
Office
Lease Type
NNN
Additional Details
Road Access
Yes
Building Details
Year Built
1988
Stories
1
Tenancy
Single
Listing Agency:
Jim Dunham & Associates
Listed By:
Jim Dunham · License #SD 4531
(605) 275-8500
Source:
Crexi
Added: Apr 22
Changed: Oct 13
Last Checked: Oct 16 at 7:25AM
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 Jim Dunham & Associates
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 10,572-square-foot office building was constructed in 1988 and occupies a corner position at S Kiwanis Ave and W 46th St in Sioux Falls. The property includes curb cuts on both streets, monument signage, maintained green space supported by a lawn sprinkler system, and an on-site dumpster enclosure.
S Kiwanis Ave carries reported daily traffic of 11,600 vehicles, providing exposure for occupants and signage. Traffic has increased 11.54% year over year. The existing tenant is downsizing after ten years at the property, creating an opportunity for a new owner or occupant. Showing restrictions apply.
S Kiwanis Ave carries reported daily traffic of 11,600 vehicles, providing exposure for occupants and signage. Traffic has increased 11.54% year over year. The existing tenant is downsizing after ten years at the property, creating an opportunity for a new owner or occupant. Showing restrictions apply.
Key Highlights
- 10,572‑square‑foot office building constructed in 1988
- Corner location at S Kiwanis Ave and W 46th St
- 11,600 vehicles per day reported on S Kiwanis Ave
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$141,533
Cap Rate
6.90%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,830,660
$2.8M
Cap Rate 7%
$2,021,900
$2.0M
Cap Rate 9%
$1,572,589
$1.6M
Market Conditions
NOI Build-Up for 10,572 SF
Gross rent
$222.0K $21.00/SF
− Vacancy
−$33.3K −$3.15/SF
EGI
$188.7K $17.85/SF
− OpEx
−$47.2K −$4.46/SF
NOI
$141.5K $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%
$2,830,660
Cap Rate 7%
$2,021,900
Cap Rate 9%
$1,572,589
Alternative Uses
Best Use
Office B
$2.02M
$1.77M – $2.36M
NOI $141,533 @ 7.0% cap · market cap 6.90%
Second Best
Healthcare Medical
$1.94M
$1.69M – $2.26M
NOI $135,491 @ 7.0% cap · market cap 6.61%
Theoretical Best
Office A
$2.87M
$2.51M – $3.35M
NOI $200,953 @ 7.0% cap · market cap 9.80%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,079
Businesses Nearby
Explore this area
Business Placement
Demographics for 57105, SD
22,635
Population
10,550
Households
2.1
Avg Household Size
36
Median Age
44%
College-Educated
97%
High-School Grad
7.5 sq mi
ZIP Area
3,018
Density / Sq Mi
$74,066
Median Household Income
$43,271
Median Earnings
$956
Median Rent
$247,900
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
Frequently Asked Questions
What type of property is this?
Office building - Corner office property with access from both streets, monument signage, lawn irrigation, and an enclosed dumpster area.
Where is this office building located?
The property is located at 3800 S Kiwanis Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $2,050,000.
What are key features of this property?
This property features: 10,572‑square‑foot office building constructed in 1988; Corner location at S Kiwanis Ave and W 46th St; 11,600 vehicles per day reported on S Kiwanis Ave
