Sioux Falls Office Building For
5002 S Broadband Ln, Sioux Falls, SD 57108
For Sale
Contact for pricing
NNN leased office building in established business park.
Property Size13,434 SF
Price / SF$292.17
Days on Market238
Property Features for 5002 S Broadband Ln
General Information
Standard status
Size
Class
Total Parking Spaces
Property subtype
Zoning
Occupancy
Lease Type
Building Details
Year Built
Buildings
Stories
Units
Tenancy
Listing Agency:
Bender Commercial
Listed By:
Alex Soundy · License SD #18022
(605) 376-3700
Source:
Crexi
Added: Mar 20
Changed: Nov 12
Last Checked: Nov 12 at 7:37AM
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 Bender Commercial
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 13,434-square-foot commercial property is located within the Interstate Crossing Business Park in southwest Sioux Falls. The property is currently 100% occupied under a NNN lease structure, featuring a professional tenant mix. The building has a modern design and includes conference rooms, private offices, break rooms, and open collaborative areas. The property offers value-add potential with a blended average lease rate below market. The property is being offered with a 6.05% cap rate.
Key Highlights
- 6.05% Cap Rate
- 100% Occupied
- NNN Lease Structure
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$179,848
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,596,960
$3.6M
Cap Rate 7%
$2,569,257
$2.6M
Cap Rate 9%
$1,998,311
$2.0M
Market Conditions
NOI Build-Up for 13,434 SF
Gross rent
$282.1K $21.00/SF
− Vacancy
−$42.3K −$3.15/SF
EGI
$239.8K $17.85/SF
− OpEx
−$59.9K −$4.46/SF
NOI
$179.8K $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%
$3,596,960
Cap Rate 7%
$2,569,257
Cap Rate 9%
$1,998,311
Alternative Uses
Best Use
Office B
$2.57M
$2.25M – $3.00M
NOI $179,848 @ 7.0% cap · market cap 4.58%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.65M
$3.19M – $4.26M
NOI $255,353 @ 7.0% cap · market cap 6.51%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
808
Businesses Nearby
Explore this area
Business Placement
Demographics for 57108, SD
31,953
Population
13,933
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
97%
High-School Grad
30.4 sq mi
ZIP Area
1,051
Density / Sq Mi
$96,184
Median Household Income
$51,749
Median Earnings
$1,292
Median Rent
$401,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Average Price Trend$/SF for Office buildings in Sioux Falls, SD
Properties on Market for Office buildings in Sioux Falls
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - NNN leased office building in established business park.
Where is this office building located?
The property is located at 5002 S Broadband Ln Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,925,000.
What are key features of this property?
This property features: 6.05% Cap Rate; 100% Occupied; NNN Lease Structure
