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    Property profile & analytics

    101 Phillips Ave Sioux Falls, SD 57104

    • Office buildings
    • 92,461 SF
    • 1.28 lot acres
    For Lease
    View listing
    $8 SF/Yr
    Value Estimation
    $1,020,000
    Last Sale
    Feb 08, 2022
    $916,115
    Location Intelligence
    Property ID
    US79-0045497
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hard Money Lenders Sioux Falls SD / Mortgage Lender
    • HDR / Engineering Consultant
    • Falls Fintech / Financial Institution
    • Wells Fargo Bank / Bank / Atm
    • King Law Firm, P.C. / Legal Services / Social Security Attorney

    Property Details for 101 Phillips Ave

    Year built
    1974
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.28 lot acres
    Property size
    92,461 SF
    Property type
    Office buildings
    APN
    30003
    APU
    30003

    Description

    This Class A office building, "The Plaza," located at 101 S Phillips Ave, Sioux Falls, SD 57104, offers a dynamic downtown location at the corner of Phillips Avenue and 9th Street. Built in 1982 and extensively renovated in 2014, the 85,194 square foot building sits on a 25,161 square foot lot and is zoned DTPUD. The property boasts multiple tenancies and caters to a variety of office needs, including executive, traditional, coworking, medical, and creative office spaces. Suites range from 2,066 to 3,968 square feet, providing flexibility for businesses of various sizes. Its central location offers unparalleled convenience, with easy access to numerous restaurants, shopping options, Lewis Drug, and parking ramps. The building's proximity to the Phillips Avenue Diner adds to its appeal. This exceptional property presents a rare opportunity to establish a presence in the vibrant heart of Sioux Falls. The building's modern amenities and prime location make it an ideal choice for businesses seeking a prestigious and functional workspace.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,030,000

    • CAP approach

      CAP return
      Estimation
      6%
      $905,000
      6.5%
      $900,000
      7%
      $905,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $880,000
      Geo Method
      $880,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $985,000
      Retail
      $865,000
      Mixed-Use
      $865,000
      Hospitality
      $1,085,000
      Educational
      $1,080,000
      Residential Income
      $1,000,000
      Energy
      $945,000
      Income-Based Land
      $885,000
      Food Service
      $955,000

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7275
    Latitude
    43.5477
    CBSA code
    43620
    CBSA name
    SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $237,376
    $778,600
    $12,307,600
    $13,086,200
    -
    $0.00
    $0.00
    $0.00

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    • Value Estimation by Request
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      2500 52nd N St

      OFFICE BUILDING • 45,318 SF
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      View Details

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    101 Phillips Ave
    Sioux Falls, SD 57104
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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
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