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

    3600 Westport Ave Sioux Falls, SD 57106

    Sponsored
    For Lease
    $7,800 /Mo ($5 SF/Yr)

    Modern Executive Offices, All-Inclusive

    Lot size:
    18,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    417
    This exceptional Class A office building, totaling 18,160 square feet, is situated on a 1.6-acre lot at 3600 S. Westport Avenue in Minnehaha County. Built in 1978 and completely renovated in 2023, the property offers five available executive office suites ranging from 98 to 146 contiguous square feet. Currently, 622 square feet of space is vacant. The building features a shared lobby area, conference room, and restroom facilities, all conveniently accessible to tenants. A significant advantage is the all-inclusive lease rate, encompassing utilities and internet access. Ample parking is provided with 68 spaces available. The building's prime location offers excellent visibility and accessibility, with nearby neighbors including Target, Kohl's, Billion Automotive, The Empire Mall, Starbucks, Walgreens, Barnes & Noble, Empire Bowl, and Hy-Vee. While there are no elevators, the building's layout ensures easy access to all suites. This is an ideal opportunity for businesses seeking modern, efficient, and conveniently located executive office space. The property is a single building with multiple tenancies.

    Property Features for 3600 Westport Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    18,160 SF
    Class
    A
    Total Rate
    7800

    Building Details

    Year Built/Renovated
    1978/2023
    Buildings
    1

    Unit(s) available at that property

    Space
    Suite 110-1
    Size
    146 SF
    Rate per SF
    $8,400
    Space
    Suite 110-6
    Size
    98 SF
    Rate per SF
    $7,800
    Space
    Suite 110-5
    Size
    100 SF
    Rate per SF
    $7,800
    Space
    Suite 110-2
    Size
    146 SF
    Rate per SF
    $8,400
    Space
    Suite 110-8
    Size
    132 SF
    Rate per SF
    $8,400

    We can help!

    Listing Contact
    Marcus Mahlen
    Marcus Mahlen

    Learn more

    Property Insight Report

    HighLights

    • Class A executive office suites totaling 18,160 square feet in a single building.
    • Five available suites ranging from 98 to 146 square feet.
    • Recently renovated (2023) with new finishes.
    • Shared amenities include a lobby, conference room, and restrooms.
    • All‑inclusive lease rates covering utilities and internet.
    • 68 parking spaces available on a 1.6‑acre lot in Minnehaha County.
    Property Profile Location Intelligence

    Current Use by Public Records

    3 Cord Photography Photographer Solis Photography Wedding Photographer Solis Photo Portraits Photography Studio Kamie Wittrock Photography Photographer Primal - Sioux Falls ... Gym

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop 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
    -96.76726598
    Latitude
    43.51304947

    Nearby Similar for Lease

    • $20 SF/Yr
      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
    • $25 SF/Yr
      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
    • $25 SF/Yr
      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
    • $21 SF/Yr
      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
    • $18 SF/Yr
      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
    • $18 SF/Yr
      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
    • $18 SF/Yr
      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
    • $21 SF/Yr
      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
    • $22 SF/Yr
      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
    • $40 SF/Yr
      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
    • $11 SF/Yr
      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 - Modern Executive Offices, All-Inclusive
    Where is this office property / space located?
    The property is located at 3600 Westport Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $7,800-$8,400 SF/Yr.
    What are key features of this property?
    This property features: Class A executive office suites totaling 18,160 square feet in a single building.; Five available suites ranging from 98 to 146 square feet.; Recently renovated (2023) with new finishes.
    Request Owner's contact information
    3600 Westport Ave Sioux Falls, SD 57106
    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.
    3600 Westport Ave
    Sioux Falls, SD 57106
    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
    3600 Westport Ave Sioux Falls, SD 57106
    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!
    Listing Contact
    Marcus Mahlen
    Marcus Mahlen
    Real Estate License ID: 16852
    Learn more
    Google sign-in failed. Please try again or use another login method.