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    5116 Solberg Ave Sioux Falls, SD 57108

    Sponsored
    For Lease
    $16 SF/Yr

    Class A Office Space, Multiple Suites Available

    Lot size:
    15,466 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office property, located at 5116 & 5120 S Solberg Avenue in Sioux Falls, South Dakota, offers a rare opportunity for businesses seeking premium executive office space. Built in 2004, the property boasts a total of 15,466 square feet situated on a generous 1.6-acre lot in Lincoln County. Multiple tenancy options are available, with a minimum divisible space of 4,790 square feet and a maximum contiguous space of 10,690 square feet. Currently, 15,480 square feet is vacant, presenting a significant opportunity for immediate occupancy. The property's prime location in southwest Sioux Falls offers unparalleled convenience and visibility, with easy access to 57th Street and I-29. This thriving area is home to a variety of established businesses, including Journey Construction, Great Plains Dental, Bluestone FCU, Sky Zone Trampoline Park, Donegal Pointe Apartments, Killarney Crossing, CentralSquare, and Sammons Financial Group, ensuring a strong and vibrant business community. The property's 2004 construction ensures modern amenities and efficient layouts, making it an ideal choice for businesses seeking a prestigious and functional workspace. The zip code is 57108.

    Property Features for 5116 Solberg Ave

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    15,466 SF
    Class
    A
    Total Rate
    20621.33

    Building Details

    Year Built
    2004

    Unit(s) available at that property

    Space
    West Suite
    Size
    10,690 SF
    Rate per SF
    $16
    Space
    East Suite
    Size
    4,790 SF
    Rate per SF
    $16

    HighLights

    • Modern Class A office space with a mix of private offices and open work areas.
    • 2004 construction.
    • East suite vacant end of January 2025.
    • $50,000 seller allowance for parking lot and retaining wall repairs.
    • Annual real estate taxes: $35,916.72.
    • 1.6‑acre lot.
    Property Profile Location Intelligence

    Current Use by Public Records

    Small Business Development ... Business Development Service Avera @ Home Physical Therapist South Dakota Manufacturing ... Corporate Office

    Suggested Use

    Law Firm Restaurant Dental Office Spa & Massage Hair Salon Realty agency Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7798589
    Latitude
    43.4989451

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, Multiple Suites Available
    Where is this office property / space located?
    The property is located at 5116 Solberg Ave Sioux Falls, SD.
    What is the lease rate?
    The lease rate is $16 SF/Yr.
    What are key features of this property?
    This property features: Modern Class A office space with a mix of private offices and open work areas.; 2004 construction.; East suite vacant end of January 2025.
    Request Owner's contact information
    5116 Solberg Ave Sioux Falls, SD 57108
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    Realmo Value Estimation

    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.

    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.

    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
    5116 Solberg Ave Sioux Falls, SD 57108
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