Office Building with Call Center
For Sale
Contact for pricing
5929 S Mogen Ave, Sioux Falls, SD 57108
Multi-level office/call center facility configured for office use with conversion potential to multi-tenant occupancy.
Property Size17,930 SF
Price / SF$172.89
Days on Market971
Property Features for 5929 S Mogen Ave
General Information
Standard status
Active
Size
17,930 SF
Property subtype
OFFICE
Additional Details
Furnished
No
Listing Agency:
NAI | Sioux Falls
(605) 310-6666
Listed By:
Dennis Breske, CCIM, SIOR · License #SD - 18471
Source:
Moodyscre
Added: Dec 5, 2023
Changed: Jul 30
Last Checked: Aug 2 at 10:46AM
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
Investment Insights
Based on property information with market context.
This office building includes a main level of 14,400 SF and a lower level of 3,530 SF, for a total of 17,930 SF. The property is currently configured for office/call center use and offers the ability to convert into a multi-tenant building. Existing systems furniture will be removed.
The current lease expires 1-31-2024. In addition, the offering includes additional 60,000 SF of land for expansion, future development, or equity development for the buyer.
With its current layout and available acreage, the property provides a functional office base with options to reimagine the space for multiple tenants, depending on how you plan to use the building and the included land.
The current lease expires 1-31-2024. In addition, the offering includes additional 60,000 SF of land for expansion, future development, or equity development for the buyer.
With its current layout and available acreage, the property provides a functional office base with options to reimagine the space for multiple tenants, depending on how you plan to use the building and the included land.
Key Highlights
- 14,400 SF main level office/call center configuration
- 3,530 SF lower level for additional office/call center space
- Total building size: 17,930 SF
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 | $376.5k | $21.00 |
| − Vacancy | −$56.5k | −$3.15 |
| EGI | $320.1k | $17.85 |
| − OpEx | −$80.0k | −$4.46 |
| NOI | $240.0k | $13.39 |
17,930 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$3.43M
$3.00M – $4.00M
NOI $240,038 @ 7.0% cap · market cap 7.74%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.87M
$4.26M – $5.68M
NOI $340,813 @ 7.0% cap · market cap 10.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,006
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Multi-level office/call center facility configured for office use with conversion potential to multi-tenant occupancy.
Where is this office building located?
The property is located at 5929 S Mogen Ave Sioux Falls, SD.
What is the asking price?
The asking price for this property is $3,100,000.
What are key features of this property?
This property features: 14,400 SF main level office/call center configuration; 3,530 SF lower level for additional office/call center space; Total building size: 17,930 SF
