Realmo Analytics

Unlock property reports, ownership, financials, or compile property list owners likely to sell.

Property profile

1500 W 51St St Sioux Falls, SD 57105

FOR LEASE
Office buildings
Property ID
US79-0046482
15,778 SF 3.03 ac lot Built 1994
Last sale Jan 2019 · $3,365,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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Property summary

AI-generated overview

The property is an office building located at 1500 W 51st St in Sioux Falls, South Sioux Falls, with access to 41st Street, Minnesota Avenue, Western Avenue, and I-229. It is configured as a multi-tenant building with common-area restrooms serving occupants and provides established occupant identification through both monument signage and interior signage. Parking is allocated based on a stated ratio of 1 space per 240 square feet.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$55k
Tax billed · 2022
Assessed value$2.86M
Assessed land$660k
Assessed improvement$2.20M
Effective rate1.91%

Value estimate

· Nov 2026
$2.72M
$2.45M – $2.99M
CAP approach$3.47M
Submarket $/SF estimate$2.51M
NOI build-up
Gross scheduled income$93k
Vacancy & credit loss−$14k
Operating expenses−$20k
NOI · 475,952.00% cap applied$59k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$117/SF
Submarket average, outlier-cleaned · 55 recorded sales of this use type
Observed band · Q1–Q3$73 – $159

Cap rate analysis

How does the asset earn?
475,952.00%
$59k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
FP;FP
JurisdictionMINNEHAHA

Location intelligence

Which uses thrive at this corner?
Best fit: Garden Center
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Garden Center12.6
HVAC Service12.4
Food Market11.0

Location

1500 W 51St St Sioux Falls, SD 57105
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2415 Sherman, Sioux Falls, SD 57105-4133 $950,000 Jun 2023 7,844 SF
3500 Kiwanis, Sioux Falls, SD 57105-8119 $947,000 Mar 2023 8,588 SF
2900 Phillips, Sioux Falls, SD 57105-5731 $820,000 Oct 2022 5,895 SF
307 41st, Sioux Falls, SD 57105-6424 $1,560,000 Oct 2021 11,800 SF
3500 Sheldon, Sioux Falls, SD 57105-6136 $929,000 Oct 2021 7,681 SF
2500 46th, Sioux Falls, SD 57105-6588 $75,000 May 2021 12,166 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
Research This Page with AI

Rey answers here. ChatGPT, Grok and Claude get the same data packet.

Includes: Price & PSF · Cap rate · Location · Zoning

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