Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    5900 S Western Ave Sioux Falls, SD 57107

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space featuring reception area, offices, conference room, and storage.

    Property size:
    1,154 SF
    Lot size:
    1.30 Acres

    Property Features for 5900 S Western Ave

    General Information

    Size
    1,154 SF
    Lot size
    1.30 Acres

    We can help!

    Listing Contact
    Raquel Blount, Sior
    Source: Moodyscre

    Listing Agency: Lloyd Companies - Corporate Listing Agent: Raquel Blount, Sior

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Office Space Available For Rent

    This office space, available September 1, 2025, features a floor plan that includes a reception/waiting area, two offices, a conference room, and a storage room. Common area restrooms and a conference room are available. Monument and directory signage options are present. The property is located among co-tenants such as AMERI/STAR Real Estate, Inc., Sweeter Auction, First Bank & Trust, Dakota Insurance, and Performance Data Center. Neighboring businesses include First Dakota National Bank, Wells Fargo, Avera Urgent Care, Kum & Go, 22Ten, Tavern180, Daily Clean Food & Drink, McNally’s, Form Fitness, and Motiv Fitness. The surrounding area has supportive demographics, including a median household income of $149,583 and 71.8% of residents holding an associate's degree or higher within a 1-mile radius. The property contains 1154 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Eric Larsen Real Estate Agency Chris Greve, Ameri/Star ... Real Estate Agency Angie Langford: Physicians ... Insurance Agency Corey Schmidt: Physicians ... Insurance Agency Matt Mulder Group ... Real Estate Agency

    Suggested Use

    Restaurant Law Firm Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7460926
    Latitude
    43.490716

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      CNA Building

      Discover many ways to work your way in CNA Building
      101 Reid St, Sioux Falls, SD 57103
      View Details
    • $8 SF/Yr

      Versatile Flex Space with Offices

      Flex space featuring offices, shop, and drive-in/dock-high doors.
      47168 Haylie St, Sioux Falls, SD 57107
      View Details
    • $8 SF/Yr

      Versatile Flex Space with Office

      Flex space featuring extensive office and shop areas for rent.
      47168 Haylie St, Sioux Falls, SD 57107
      View Details
    • $5,990 /Mo

      Versatile Industrial Space with Drive-Through

      Industrial space featuring drive-through doors, in-floor heating, and secure parking.
      25735 Cottonwood Ave, Sioux Falls, SD 57107
      View Details
    • $7 SF/Yr

      Sioux Falls Flex Space Available

      Flex space for lease in northeast Sioux Falls.
      1405 North Cleveland Ave, Sioux Falls, SD 57103
      View Details
    • $24 SF/Yr

      Office Building For Lease/Sale

      Multi-tenant office building available for lease or sale.
      5201 S Sycamore Ave, Sioux Falls, SD 57108
      View Details
    • $24 SF/Yr

      Office Building For Lease/Sale

      Multi-tenant office building available for lease or sale.
      5201 S Sycamore Ave, Sioux Falls, SD 57108
      View Details
    • $6 SF/Yr

      Sioux Falls Flex Space

      16,000 SF flex space with showroom and storage.
      5620 W 9Th St, Sioux Falls, SD 57107
      View Details
    • $23 SF/Yr

      Cherapa Place Office Space Available

      Attractive office space with river views and many amenities.
      300 N Cherapa Pl, Sioux Falls, SD 57103
      View Details
    • $23 SF/Yr

      Modern Office Space Available

      Office space with modern finishes and expansive windows for rent.
      350 S Main Ave, Sioux Falls, SD 57104
      View Details
    • $14 SF/Yr

      Office/Retail Space Available For Sublease

      Office/retail space available for sublease with existing lease term.
      8609 W 26Th St, Sioux Falls, SD 57106
      View Details
    • $16 SF/Yr

      Retail Space with Windowed Offices

      Retail space featuring windowed offices, storage, and in-suite restrooms.
      715 S Minnesota Ave, Sioux Falls, SD 57104
      View Details

    FAQs

    What type of property is this?
    Office units - Office space featuring reception area, offices, conference room, and storage.
    Where is this office units located?
    The property is located at 5900 S Western Ave Sioux Falls, SD.
    What are key features of this property?
    This property features: - High median household income in the immediate area ($149,583 within a 1-mile radius).; - High percentage of residents with associates degree or higher (71.8% within a 1-mile radius).; - Move-in ready September 1, 2025.
    (605) 323-2820 Call to check price and availability
    Request Owner's contact information
    5900 S Western Ave Sioux Falls, SD 57107
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    5900 S Western Ave
    Sioux Falls, SD 57107
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5900 S Western Ave Sioux Falls, SD 57107
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Raquel Blount, Sior
    (605) 323-2820 (605) 728-9092
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!