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    Property profile & analytics

    1200 3rd St Sioux Falls, SD 57103-0901

    • Office buildings
    • 42,392 SF
    • 1.82 lot acres
    OFF-MARKET
    Value Estimation
    $700,000
    Location Intelligence
    Property ID
    US79-0052830
    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

    • U.N.A RECORD / Video Production Service / Photography Service
    • IRC Studios / Media Company
    • Mama Africa Fashion Usa (African Super Market) / Grocery Store
    • Eli Home Care LLC / Home Health Care Service / Transportation Service

    Property Details for 1200 3rd St

    Year built
    1923
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.82 lot acres
    Property size
    42,392 SF
    Property type
    Office buildings
    APN
    38435
    APU
    38435

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $720,000

    • CAP approach

      CAP return
      Estimation
      6%
      $850,000
      6.5%
      $765,000
      7%
      $825,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $765,000
      Geo Method
      $640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $770,000
      Retail
      $710,000
      Mixed-Use
      $820,000
      Hospitality
      $705,000
      Educational
      $735,000
      Residential Income
      $675,000
      Energy
      $875,000
      Income-Based Land
      $700,000
      Food Service
      $870,000

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7108
    Latitude
    43.5554
    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
    $8,543
    $198,000
    $674,300
    $872,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      5.22 Acres

      1900 Bahnson Ave

      OFFICE BUILDING • 5.22 Acres
      1900 Bahnson Ave, Sioux Falls, SD 57103-6108
      View Details
    • Value Estimation by Request
      25,486 SF

      1741 Cleveland Ave

      OFFICE BUILDING • 25,486 SF
      1741 Cleveland Ave, Sioux Falls, SD 57103-3901
      View Details
    • Value Estimation
      $375,000
      520 SF

      1500 Cleveland Ave

      OFFICE BUILDING • 520 SF
      1500 Cleveland Ave, Sioux Falls, SD 57103
      View Details
    • Value Estimation
      $340,000
      2,984 SF

      731 Clf Ave

      OFFICE BUILDING • 2,984 SF
      731 Clf Ave, Sioux Falls, SD 57103-0126
      View Details
    • Value Estimation
      $1,400,000
      23,412 SF

      102 Krohn Pl

      OFFICE BUILDING • 23,412 SF
      102 Krohn Pl, Sioux Falls, SD 57103-1800
      View Details
    • Value Estimation by Request
      0.13 Acres

      1108 3rd St

      OFFICE BUILDING • 0.13 Acres
      1108 3rd St, Sioux Falls, SD 57103-0808
      View Details

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    • Contact for pricing
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    Similar Nearby for Lease

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      15,820 SF

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    • $1,830 /Mo
      1,045 SF

      Office/Retail Space in Sioux Falls

      Office/retail spaces available in downtown Sioux Falls near Eastbank.
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    • $84 SF/Yr
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      Prime Sioux Falls Office Space

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    • $10 SF/Yr
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      Prime Sioux Falls Office Suite

      1,499 SF Office Space for Lease
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      View Details
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    Sioux Falls, SD 57103-0901
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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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