Freestanding Office
5100 East 57th Street, Sioux Falls, SD 57110
For Sale
Contact for pricing
A standalone office property on East 57th Street provides a dedicated commercial building.
Property Size3,152 SF
Price / SF$261.74
Days on Market61
Property Features for 5100 East 57th Street
General Information
Standard status
Size
Property subtype
Additional Details
Property Use
Building Details
Buildings
Building Size
Listing Agency:
Tysdal Commercial
Listed By:
Ryan Tysdal · License SD #15186
(605) 376-0127
Source:
Crexi
Added: Sep 10
Changed: Nov 8
Last Checked: Nov 8 at 3:17PM
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 Tysdal Commercial
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This freestanding office building contains 3,152 square feet of office space. The property is located at 5100 East 57th Street in Sioux Falls, South Dakota.
Key Highlights
- 3,152 square feet of office space
- Address: 5100 East 57th Street, Sioux Falls, SD 57110
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,197
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$843,940
$843.9K
Cap Rate 7%
$602,814
$602.8K
Cap Rate 9%
$468,856
$468.9K
Market Conditions
NOI Build-Up for 3,152 SF
Gross rent
$66.2K $21.00/SF
− Vacancy
−$9.9K −$3.15/SF
EGI
$56.3K $17.85/SF
− OpEx
−$14.1K −$4.46/SF
NOI
$42.2K $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%
$843,940
Cap Rate 7%
$602,814
Cap Rate 9%
$468,856
Alternative Uses
Best Use
Office B
$602.8K
$527.5K – $703.3K
NOI $42,197 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$855.9K
$748.9K – $998.6K
NOI $59,913 @ 7.0% cap · market cap 7.26%
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
152
Businesses Nearby
Explore this area
Business Placement
Demographics for 57110, SD
22,013
Population
9,178
Households
2.4
Avg Household Size
35
Median Age
43%
College-Educated
92%
High-School Grad
20.9 sq mi
ZIP Area
1,053
Density / Sq Mi
$87,114
Median Household Income
$52,202
Median Earnings
$1,018
Median Rent
$365,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - A standalone office property on East 57th Street provides a dedicated commercial building.
Where is this office building located?
The property is located at 5100 East 57th Street Sioux Falls, SD.
What is the asking price?
The asking price for this property is $825,000.
What are key features of this property?
This property features: 3,152 square feet of office space; Address: 5100 East 57th Street, Sioux Falls, SD 57110
