5101 S Nevada Ave, Sioux Falls, SD 57108
A 21,788 RSF office building on 1.73 acres, positioned for an owner-occupant strategy under LW live/work zoning.
- Added:
- Jun 18, 2026
- Days on Market:
- 10
- Last Refresh:
- Jun 24 at 5:09 am
Property Features for 5101 S Nevada Ave
General Information
- Standard status
- Active
- Size
- 21,788 SF
- Lot size
- 1.73 Acres
- Property subtype
- OFFICE
Properties For Sale
at 5101 S Nevada Ave Contact usListing office Van Buskirk Companies - Corporate (605) 361-8211
Listing date Jun 18, 2026
Source Moodyscre
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 Van Buskirk Companies - Corporate
HighLights
- 21,788 RSF office building on 1.73 acres
- Located off 57th Street and Louise Avenue near Interstate 229
- LW – Live/Work zoning
- Tenant mix includes Panera Bread, Qdoba, Jimmy John’s, Jersey Mike’s, Verizon, Casey’s, Papa Murphy’s, and more
- Owner‑occupant strategy noted in the listing remarks
Overview
Located off 57th Street and Louise Avenue near Interstate 229, the site benefits from access to a commercial corridor. The surrounding area is described as home to a range of well-known tenants, including Quick-service and casual dining operators, as well as service and lodging users. The provided tenant list includes Panera Bread, Noodles and Company, Qdoba, Jimmy John’s, Jersey Mike’s, Tavern Grill, McDonald’s, Taco John’s, Pancheros, Verizon, Casey’s, Papa Murphy’s, Highest Health Chiropractic, and Hilton Garden Inn, among others.
For buyers or owner-occupants looking for a live/work-compatible building, this asset offers a straightforward platform within a mixed consumer and service environment. The property’s zoning and the nearby tenant mix may support a variety of office-centric uses, including those that benefit from proximity to everyday retail and dining demand.
Local 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 | $457.5k | $21.00 |
| − Vacancy | −$68.6k | −$3.15 |
| EGI | $388.9k | $17.85 |
| − OpEx | −$97.2k | −$4.46 |
| NOI | $291.7k | $13.39 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.7749553
- Latitude
- 43.4981715
