Add Listing
    For Sale
    • 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

    383 W Steamboat Dr Dakota Dunes, SD 57049

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    2,800 SF office condo, currently a dental office.

    Type:Office
    Property size:
    2,800 SF
    Price / SF:
    $160/SF
    Added:
    Feb 25, 2023
    Days on Market:
    1154
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 383 W Steamboat Dr

    General Information

    Standard status
    Active
    Size
    2,800 SF
    Property subtype
    Office

    Building Details

    Year Built
    1999

    We can help!

    Listing Contact
    Nathan Connelly

    Listing agent Nathan Connelly License #IA S62387000

    Listing office NAI United

    Listing date Feb 25, 2023

    Source Crexi

    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 United

    Overview

    Dakota Dunes Office Condo

    This 2,800 SF office condo is available in Dakota Dunes, South Dakota. Currently configured as a dental office, the space includes a waiting room, reception area, five exam rooms, two offices, and a procedure room. It also features restrooms and a 3,038 SF basement. The space has been recently updated and benefits from ample natural light. The property is suitable for commercial real estate use, medical office space, or general office purposes.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Embrace Dentistry Dental Office Compass Wealth Partners ... Financial Advisor Dando Carl F ... Physician Hansen II Lornell ... Physician Kolegraff Ronald J ... Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hotel & Motel Pharmacy

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

    Similar Places Nearby

    • Dunes Animal Hospital — 387 Steamboat Dr, Dakota Dunes, SD 57049
    • Dunes Animal Hospital: Hummel Mindy DVM — 387 Steamboat Dr, Dakota Dunes, SD 57049

    Location Insight

    • Map
    • Local Demand
    City
    Dakota Dunes
    County
    Union
    State
    South Dakota
    Longitude
    -96.5011328
    Latitude
    42.5070073

    Nearby Similar for Sale

    • Contact for pricing

      Restaurant Space in Dakota Dunes

      Prime commercial space with high visibility in Dakota Dunes.
      895 Cottonwood Lane, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      Prime Commercial Space Dakota Dunes

      Unbeatable visibility and traffic flow in Dakota Dunes.
      895 Cottonwood Lane, Dakota Dunes, SD 57049
      View Details
    • $450,000
      2,800 SF

      Dakota Dunes Office Condo

      2,800 SF office condo in Dakota Dunes, SD for sale.
      383 W Steamboat Dr, Ste 201, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      High-End Dakota Dunes Office Space

      Professionally managed office space in a prime business district.
      211 Sioux Point Rd, Dakota Dunes, SD 57049
      View Details
    • $450,000
      2,800 SF

      Dakota Dunes Office Condo

      2,800 SF office condo in Dakota Dunes, South Dakota.
      383 W Steamboat Dr, Ste 201, Dakota Dunes, SD 57049
      View Details
    • $17,500,000
      216,618 SF

      Dakota Dunes Corporate Campus

      A 216,618 SF corporate campus on 47 acres.
      800 Stevens Port Drive, Dakota Dunes, SD 57049
      View Details
    • $135,000

      Storage Condominiums in Dakota Dunes

      Gated 25'x50' storage condominiums suitable for RV storage.
      596-598 Flurie Road, Dakota Dunes, SD 57049
      View Details
    • $2,999,000
      32,388 SF

      Three-Story Office Building For Sale

      Three-story office building in Dakota Dunes Corporate Campus.
      600 Stevens Port Dr, Dakota Dunes, SD 57049
      View Details
    • $133,000
      1,250 SF

      Storage Condominiums For Sale

      Gated 25' x 50' storage condominiums suitable for RVs.
      596-598 Flurie Road, Dakota Dunes, SD 57049
      View Details
    • $145,000
      1,250 SF

      Storage Condominium For Sale

      Gated 25' x 50' storage condominium suitable for RVs.
      Shay Rd, Dakota Dunes, SD 57049
      View Details
    • $17,500,000
      216,618 SF

      Corporate Campus Near Sioux City

      216,618 SF corporate campus on 47 acres for sale.
      800 Stevens Port Dr, Dakota Dunes, SD 57049
      View Details

    FAQs

    What type of property is this?
    Medical Office Space - 2,800 SF office condo, currently a dental office.
    Where is this medical office space located?
    The property is located at 383 W Steamboat Dr Dakota Dunes, SD.
    What is the asking price?
    The asking price for this property is $450,000.
    What are key features of this property?
    This property features: 2,800 SF office condo suitable for immediate use.; Finished as a dental office with waiting room, reception, five exam rooms, procedure room, and offices.; Includes a 3,038 SF basement, providing ample storage or expansion potential.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Nathan Connelly
    Real Estate License ID: IA S62387000
    Learn More
    Request Owner's contact information
    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.
    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
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!