Golf-Course-Front Office
For Sale
$1,198,400
600 E Tan Tara Cir, Sioux Falls, SD 57108
Renovated professional setting with access to major arterial roads and established medical offices.
Property Size2,942 SF
Price / SF$407.34
Days on Market440
Property Features for 600 E Tan Tara Cir
General Information
Standard status
Active
Size
2,942 SF
Property subtype
Commercial
Amenities
golf-course frontage
Building Details
Year Built
1997
Listing Agency:
Midwest Realty
Listed By:
Christopher Thompson
(605) 256-6921
Source:
Siouxfallsareahomesearch
Added: Aug 7, 2025
Changed: Oct 1
Last Checked: Oct 19 at 7:19AM
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 Midwest Realty
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Investment Insights
Based on property information with market context.
This office building at 600 E Tan Tara Circle was constructed in 1997 and has undergone interior and exterior renovation and upgrades. The property overlooks the 18th green, providing golf-course frontage and a distinct setting for professional operations. Its configuration is suited to office use within an established commercial environment.
The property is positioned among established medical and professional offices, with access to major arterial roads, downtown Sioux Falls, retail destinations, and executive residential neighborhoods. The site also offers direct visibility toward the golf course and a private, easy-to-navigate setting for visitors and staff.
The property is positioned among established medical and professional offices, with access to major arterial roads, downtown Sioux Falls, retail destinations, and executive residential neighborhoods. The site also offers direct visibility toward the golf course and a private, easy-to-navigate setting for visitors and staff.
Key Highlights
- Overlooks the 18th green with golf‑course frontage
- Interior and exterior renovations and upgrades completed
- Located among established medical and professional offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$39,386
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$787,720
$787.7K
Cap Rate 7%
$562,657
$562.7K
Cap Rate 9%
$437,622
$437.6K
Market Conditions
NOI Build-Up for 2,942 SF
Gross rent
$61.8K $21.00/SF
− Vacancy
−$9.3K −$3.15/SF
EGI
$52.5K $17.85/SF
− OpEx
−$13.1K −$4.46/SF
NOI
$39.4K $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%
$787,720
Cap Rate 7%
$562,657
Cap Rate 9%
$437,622
Alternative Uses
Best Use
Office B
$562.7K
$492.3K – $656.4K
NOI $39,386 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$798.9K
$699.0K – $932.0K
NOI $55,922 @ 7.0% cap · market cap 4.67%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
745
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 - Renovated professional setting with access to major arterial roads and established medical offices.
Where is this office building located?
The property is located at 600 E Tan Tara Cir Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,198,400.
What are key features of this property?
This property features: Overlooks the 18th green with golf‑course frontage; Interior and exterior renovations and upgrades completed; Located among established medical and professional offices
