Turnkey Multi-Tenant Office
For Sale
Contact for pricing
5201 S Sycamore Ave, Sioux Falls, SD 57108
Two identical office suites each include seven windowed offices, conference room, bathrooms, break room, and reception area.
Property Size4,750 SF
Price / SF$320
Days on Market268
Property Features for 5201 S Sycamore Ave
General Information
Standard status
Active
Size
4,750 SF
Property subtype
OFFICE
Additional Details
Office Units
2
Building Details
Tenancy
Multi
Listing Agency:
NAI | Sioux Falls
(605) 357-7100
Listed By:
Marcus Mahlen, CCIM, SIOR
(605) 228-9744
Source:
Moodyscre
Added: Jan 29
Changed: Oct 13
Last Checked: Oct 23 at 7:25AM
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 NAI | Sioux Falls
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Investment Insights
Based on property information with market context.
This multi-tenant office building is available for sale or lease, with occupancy scheduled for June 2026. The property is configured as two side-by-side suites, Side A (South) and Side B (North), and each suite is described as a fully functional office layout. Each suite includes seven windowed offices, a conference room, bathrooms, a break room, and a reception area.
The quoted pricing assumes the building will be fully finished as a turnkey space. The tenant or buyer has the option to select carpet and paint finishes.
Each suite is sized equally based on the provided information, making the building straightforward for an owner-user seeking two similar office spaces or for multiple tenants sharing the asset.
The quoted pricing assumes the building will be fully finished as a turnkey space. The tenant or buyer has the option to select carpet and paint finishes.
Each suite is sized equally based on the provided information, making the building straightforward for an owner-user seeking two similar office spaces or for multiple tenants sharing the asset.
Key Highlights
- Multi‑tenant office building offered for sale or lease with occupancy planned for June 2026
- Two identical suites available: Side A (South) 2,375 SF and Side B (North) 2,375 SF
- Each suite includes 7 windowed offices plus a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,591
Cap Rate
4.18%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,271,820
$1.3M
Cap Rate 7%
$908,443
$908.4K
Cap Rate 9%
$706,567
$706.6K
Market Conditions
NOI Build-Up for 4,750 SF
Gross rent
$99.8K $21.00/SF
− Vacancy
−$15.0K −$3.15/SF
EGI
$84.8K $17.85/SF
− OpEx
−$21.2K −$4.46/SF
NOI
$63.6K $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%
$1,271,820
Cap Rate 7%
$908,443
Cap Rate 9%
$706,567
Alternative Uses
Best Use
Office B
$908.4K
$794.9K – $1.06M
NOI $63,591 @ 7.0% cap · market cap 4.18%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.29M
$1.13M – $1.50M
NOI $90,288 @ 7.0% cap · market cap 5.94%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Office units
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
167
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two identical office suites each include seven windowed offices, conference room, bathrooms, break room, and reception area.
Where is this office building located?
The property is located at 5201 S Sycamore Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,520,000.
What are key features of this property?
This property features: Multi‑tenant office building offered for sale or lease with occupancy planned for June 2026; Two identical suites available: Side A (South) 2,375 SF and Side B (North) 2,375 SF; Each suite includes 7 windowed offices plus a conference room
