Property profile

5116 Solberg Ave Sioux Falls, SD 57108

OFF-MARKET
Office Spaces
15,466 SF Built 2004
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Property summary

AI-generated overview

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 profile

Verified
Property type Office Spaces
Year built 2004
Total area 15,466 SF

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Business Service Center
  • Physician
  • Corporate Office

Location

5116 Solberg Ave Sioux Falls, SD 57108
Sioux Falls metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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