Zoned Office Building with
For Sale
Contact for pricing
5020 S Broadband Ln, Sioux Falls, SD 57108
Fully leased office building features two suites with private offices, conference space, and 59 surface parking stalls.
Property Size10,293 SF
Price / SF$220.44
Days on Market152
Property Features for 5020 S Broadband Ln
General Information
Standard status
Active
Size
10,293 SF
Total Parking Spaces
59
Property subtype
OFFICE
Zoning
Office
Occupancy
100%
Additional Details
Cap Rate
7.16%
Office Units
2
Amenities
private offices
conference space
open work areas
break rooms
common area restrooms
monument signage
landscaping
Building Details
Year Renovated
2021
Tenancy
Multi
Listing Agency:
Lloyd Companies - Corporate
(605) 275-4258
Listed By:
Jordan Rieffenberger, CCIM, SIOR
Source:
Moodyscre
Added: Mar 2
Changed: Jul 25
Last Checked: Jul 25 at 10:51PM
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 - Corporate
Investment Insights
Based on property information with market context.
This fully leased office building consists of approximately 10,293 square feet laid out across two suites. The professional floor plans include private offices, conference space, open work areas, break rooms, and common area restrooms, supporting a core office environment. Interior remodel work was completed in 2020/2021, and new monument signage was installed in 2021. The property also includes consistent landscaping and 59 surface parking stalls.
The building is zoned Office and is currently occupied by Sioux Falls Vet Center and Rabo AgriFinance.
As currently configured, the asset provides two distinct office suites within one building, with shared support spaces such as break rooms and common area restrooms.
The building is zoned Office and is currently occupied by Sioux Falls Vet Center and Rabo AgriFinance.
As currently configured, the asset provides two distinct office suites within one building, with shared support spaces such as break rooms and common area restrooms.
Key Highlights
- Fully leased, stabilized office investment with two suites totaling 10,293 SF
- Tenants include Sioux Falls Vet Center and Rabo AgriFinance
- Office layout includes private offices, conference space, open work areas, break rooms, and common area restrooms
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 | $216.2k | $21.00 |
| − Vacancy | −$32.4k | −$3.15 |
| EGI | $183.7k | $17.85 |
| − OpEx | −$45.9k | −$4.46 |
| NOI | $137.8k | $13.39 |
10,293 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
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
Current Use
Lease Details
2
Office units
100%
Occupancy
Multi-tenant
Tenancy
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
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 - Fully leased office building features two suites with private offices, conference space, and 59 surface parking stalls.
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, stabilized office investment with two suites totaling 10,293 SF; Tenants include Sioux Falls Vet Center and Rabo AgriFinance; Office layout includes private offices, conference space, open work areas, break rooms, and common area restrooms
