Sign Up Successful!
You now have access to more from Realmo!
    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

    1607 C Ave Sioux Falls, SD 57104

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Single-tenant office, ample parking, great location.

    Lot size:
    7,411 SF

    Property Features for 1607 C Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    7,411 SF
    Total Rate
    7411

    Building Details

    Year Built
    1970
    Stories
    1

    Spaces For Lease

    at 1607 C Ave, Sioux Falls, SD 57104 Contact us
    Unit

    $12 /Mo

    Size
    2,254 SF
    Contact us

    We can help!

    Listing Contact
    Stacey Sieverding
    Stacey Sieverding

    Listing Agency: Berkshire Hathaway HomeServices Midwest Realty Listing Agent: Stacey Sieverding

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

    Learn more

    Overview

    This 7,411-square-foot single-tenant office building at 1607 North C Avenue in Sioux Falls, South Dakota, presents a compelling opportunity. Built in 1970, this one-story structure is zoned for Light Industrial use within Minnehaha County and features 2,254 square feet of vacant space. The property boasts a well-designed layout including three windowed private offices, a spacious open area, and warehouse space, providing versatility for a range of business operations. The existing tenant pays a modified gross lease, covering utilities, internet, and garbage disposal. The building's convenient location offers easy access to major roadways and the airport, ensuring effortless commuting for employees and clients. Ample parking is available on-site. The cross street is Blackhawk Street, and the zip code is 57104. This property is ideal for a business seeking a functional and accessible space in a thriving South Dakota market. The open floor plan and combination of private offices and warehouse space offer significant flexibility for customization and adaptation to specific business needs.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Dental Office Auto Repair Shop Big Box & Wholesale Store Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.737196350802
    Latitude
    43.566654070888

    Nearby Similar for Lease

    • Contact for pricing
      3,158 SF

      Turn-Key Office Suites Available

      Class A office spaces in expanding Dawley Farms Village.
      5501-5545 E 18Th St, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      5,977 SF

      Mixed-Use Development in Steel District

      Integrated live, work, play, stay development with office and retail.
      150 E 4 Pl, Sioux Falls, SD
      View Details
    • Contact for pricing
      1,108 SF

      Retail Space in Steel District

      Retail space available in a mixed-use development in Sioux Falls.
      151 E 4 Pl, Sioux Falls, SD
      View Details
    • Contact for pricing
      907 SF

      Retail Space in Uptown Development

      Retail or office space in a growing downtown area.
      701-721 N Phillips Ave, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      2,949 SF

      Sioux Falls Office Space Available

      Office spaces for lease with abundant natural light and parking.
      3904 W Technology Cir, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      2,817 SF

      Prime Retail Complex Available Now

      Retail suites available in a high-traffic Sioux Falls location.
      4805-4827 S Louise Ave, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      811 SF

      Mixed-Use Building in Growing Area

      Mixed-use building with office, service space, and apartment units.
      7805 Dakota Hawk Pl, Sioux Falls, SD
      View Details
    • Contact for pricing
      1,145 SF

      New Retail Space in Sioux Falls

      New construction strip mall in a high-traffic area.
      1404-1420 E 69Th St, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      45,339 SF

      New Professional Office Building

      New three-story office building with underground parking and high visibility.
      4080 S Grange Ave, Sioux Falls, SD 57105
      View Details
    • Contact for pricing
      3,220 SF

      Corner Office Space Available

      Main floor office space with abundant windows and parking.
      600 S Main Ave, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      2,000 SF

      Retail Space with Drive-Thru Potential

      Retail space with drive-thru and patio potential in Sioux Falls.
      5701 E 41St St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      1,870 SF

      Downtown Sioux Falls Office Space

      Historic office space in vibrant downtown Sioux Falls. Available 2025.
      126 S Phillips Ave, Sioux Falls, SD 57104
      View Details

    FAQs

    What type of property is this?
    Office Property / Space - Single-tenant office, ample parking, great location.
    Where is this office property / space located?
    The property is located at 1607 C Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: 7,411 SF single-tenant office building in Sioux Falls, SD.; 1970-built, one-story building with 2,254 SF of vacant space.; Light Industrial zoning in Minnehaha County.
    (605) 728-1390 Call to check price and availability
    Request Owner's contact information
    1607 C Ave Sioux Falls, SD 57104
    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.
    1607 C Ave
    Sioux Falls, SD 57104
    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
    1607 C Ave Sioux Falls, SD 57104
    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 Stacey Sieverding
    Stacey Sieverding
    Real Estate License ID: 19722
    (605) 728-1390 (605) 274-1034
    Learn more
    Google sign-in failed. Please try again or use another login method.