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Property profile & analytics
OFF-MARKET
Estimated value
$700,000
Office buildings
530 Kiwanis Ave Sioux Falls, SD 57104-2521
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US79-0063074
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
FRAME
Total area
5,388 SF
Lot
0.36 ac (15,716 SF)
Zoning code
FP;FP
APN
41918
UPID
US79-0063074
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Next Level Technology Tech Support Center IT Consulting Firm
-
WOLVII Records Recording Studio
-
530media Advertising Agency Marketing & Advertising
-
Rock Hard Systems Trucking Company
-
Dakota Outsourcing & Training Electronics & Wireless Store Discount Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$790k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$526k
Blend (final)
Blend
$700k
Owner & transaction history
Next Level Technology Group LLC · 3 yrs held
Next Level Technology Group LLC
since 2022
Last sale
$698,000
4 recorded transactions
Zoning & alternative use
FP;FP · Sioux Falls, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sioux Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sioux Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$785,000
ML approach
$790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$630,000
Current use
AUTO REPAIR, GARAGE
$505,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$700k
Range $630k – $770k · ±10% · vs last sale $698k (Jul 28 2022)
Last sale anchor
$698k
Jul 28 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$130 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$7,623
Tax year 2022
Assessed value
$396,500
Assessed 2022
Previous assessed
$322,500
+22.9% YoY
Effective rate
1.92%
On assessed value
Assessed land
$51,100
Assessed improvement
$345,400
Applied tax rate
90,495.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
2
Total area
5,388 SF
Lot
0.36 ac (15,716 SF)
Zoning code
FP;FP
APN
41918
UPID
US79-0063074
Jurisdiction
MINNEHAHA
Zoning & alternative use
FP;FP · Sioux Falls, SD
Zoning FP;FP · permitted uses
FP;FP · Sioux Falls, SD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sioux Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$630,000
AUTO REPAIR, GARAGE
Est. value
$505,000
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1978
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
2
Lot
0.36 ac
Current owner
From public records · entity-resolved
Next Level Technology Group LLC
Entity
Mailing address
530 N KIWANIS AVE, SIOUX FALLS, SD 57104-2521
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 28, 2022
—
Next Level Technology Group LLC
—
Deed
related
$100,000 · First International Bank & Trust
Jul 28, 2022
$698,000
Next Level Technology Group LLC
Next Level Group LLC
Warranty Deed
$558,400 · The First National Bank In Sioux Fa
May 24, 2021
—
Next Level Group LLC
—
Deed
related
$483,750 · The First National Bank In Sioux Falls
Jun 26, 2017
$292,500
Pure Fitness LLC
Aaneson Investments LLC
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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