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    Property profile & analytics

    1417 Minnesota Aveune Sioux Falls, SD 57105

    • Office properties & Spaces
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office properties & Spaces

    Property Details for 1417 Minnesota Aveune

    Property type
    Office properties & Spaces
    Property subtype
    Medical Office Space

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7317
    Latitude
    43.5324

    Comparable in this City

    • Value Estimation by Request

      2201 49Th St

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    • Value Estimation by Request
      0.47 Acres

      625 18Th St

      Medical Office Space • 0.47 Acres
      625 18Th St, Sioux Falls, SD 57105
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    • Value Estimation by Request
      1.83 Acres

      1403 Clf Ave

      MEDICAL BUILDING • 1.83 Acres
      1403 Clf Ave, Sioux Falls, SD 57105-1006
      View Details
    • Value Estimation
      $5,630,000
      90,878 SF

      1417 Clf Ave

      MEDICAL BUILDING • 90,878 SF
      1417 Clf Ave, Sioux Falls, SD 57105-1022
      View Details
    • Value Estimation
      $3,610,000
      87,762 SF

      1205 Grange Ave

      MEDICAL BUILDING • 87,762 SF
      1205 Grange Ave, Sioux Falls, SD 57105-0407
      View Details
    • Value Estimation by Request
      2,146 SF

      2521 Western Ave

      DENTAL BUILDING • 2,146 SF
      2521 Western Ave, Sioux Falls, SD 57105-3430
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    Similar Nearby for Sale

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      9,288 SF

      Sioux Falls Office/Medical Building

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      6,858 SF

      Sioux Falls Medical Office

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      Rare Sioux Falls Building Site

      One-acre building site with mature trees in premier location.
      308 W Harpel Dr, Sioux Falls, SD 57105
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      Two-Story Office Building For Sale

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      Two-Story Office Building For Sale

      19,804 sq ft office building on 43,778 sq ft lot.
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      Prime Land in Growing Area

      Land with frontage on Ellis Road in a growing area.
      2801 41St St, Sioux Falls, SD 57105
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    Similar Nearby for Lease

    • $10 SF/Yr
      1,754 SF

      Prime Sioux Falls Office Space

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      Professional Service Building For Lease

      Professional building suitable for service businesses, available March 1, 2025.
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      5,723 SF

      Executive Suites, Sioux Falls

      Prime Office Space Available, 2,643-3,080 SF
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      360,262 SF

      Western Mall Office Space Available

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      2,337 SF

      Western Ave Office Suites For Lease

      Prime Office Space, Two Suites Available
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    • $10 SF/Yr
      12,125 SF

      Prime Office Sublease Opportunity

      12,125 SF Office Space - Immediate Occupancy
      2101 41St St, Sioux Falls, SD 57105
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    1417 Minnesota Aveune
    Sioux Falls, SD 57105
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    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
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