Fully Leased Office Building
For Sale
Contact for pricing
5020 S Broadband Ln, Sioux Falls, SD 57108
Stabilized office building for sale in Sioux Falls, South Dakota.
Property Size10,293 SF
Price / SF$220.44
Days on Market243
Property Features for 5020 S Broadband Ln
General Information
Standard status
Active
Size
10,293 SF
Class
A
Property subtype
Office
Zoning
Office
Occupancy
100%
Lease Type
NNN
Investment Type
Stabilized
Building Details
Year Built
2004
Year Renovated
2021
Units
2
Tenancy
Multi
Listing Agency:
Lloyd Companies
Listed By:
Jordan Rieffenberger, CCIM · License #SD 14932
(605) 231-1654
Source:
Crexi
Added: Feb 4
Changed: Oct 3
Last Checked: Oct 4 at 10:05AM
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 Lloyd Companies
Investment Insights
Based on property information with market context.
A fully leased office building is available for sale as a stabilized investment opportunity within the Interstate Crossing Business Park in Sioux Falls, South Dakota. The building has a size of 10,293 square feet and is 100% occupied by two established tenants: Sioux Falls Vet Center and Rabo AgriFinance, providing reliable income.
Key Highlights
- Fully leased office building providing reliable income.
- Stabilized investment opportunity.
- Located within the Interstate Crossing Business Park.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$137,798
Cap Rate
6.07%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,755,960
$2.8M
Cap Rate 7%
$1,968,543
$2.0M
Cap Rate 9%
$1,531,089
$1.5M
Market Conditions
NOI Build-Up for 10,293 SF
Gross rent
$216.2K $21.00/SF
− Vacancy
−$32.4K −$3.15/SF
EGI
$183.7K $17.85/SF
− OpEx
−$45.9K −$4.46/SF
NOI
$137.8K $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%
$2,755,960
Cap Rate 7%
$1,968,543
Cap Rate 9%
$1,531,089
Alternative Uses
Best Use
Office B
$1.97M
$1.72M – $2.30M
NOI $137,798 @ 7.0% cap · market cap 6.07%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.79M
$2.45M – $3.26M
NOI $195,649 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
628
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
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 - Stabilized office building for sale in Sioux Falls, South Dakota.
Where is this office building located?
The property is located at 5020 S Broadband Ln Sioux Falls, SD.
What is the asking price?
The asking price for this property is $2,269,000.
What are key features of this property?
This property features: Fully leased office building providing reliable income.; Stabilized investment opportunity.; Located within the Interstate Crossing Business Park.
