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    1300 West Russell St Sioux Falls, SD 57104
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    Property profile & analytics

    1300 West Russell St, Sioux Falls, SD 57104

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    • Motels
    • 33,562 SF
    • 1.55 lot acres
    For Sale
    $3,500,000
    View Listing →
    100-Room Hospitality Investment Opportunity For Sale
    $3,500,000

    100-Room Hospitality Investment Opportunity

    Hospitality property with 100 rooms, great investment opportunity.

    1300 West Russell Street, Sioux Falls, SD 57104
    View Listing
    Property ID
    US79-0059574
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sioux Falls Inn / Hotel & Motel / Vacation Rental

    Property Details for 1300 West Russell St

    Year built
    1979
    Construction
    FRAME
    Lot size
    1.55 lot acres
    Property type
    Motels
    APN
    24687
    APU
    24687

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 24, 2014 — Tf Martin Thomas F Martin Warranty Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $715,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $578,000
      Market price range: $579k - $1.24M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $735,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7441
    Latitude
    43.5644
    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
    $21,532
    $235,700
    $875,300
    $1,111,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,376 SF

      3307 Clf Ave

      MOTEL
      3307 Clf Ave, Sioux Falls, SD 57104-0847
      View Details
    • Value Estimation by Request
      10,702 SF

      2401 Russell St

      MOTEL
      2401 Russell St, Sioux Falls, SD 57104-1129
      View Details
    • Value Estimation
      $535,000
      21,428 SF

      4900 Clf Ave

      MOTEL
      4900 Clf Ave, Sioux Falls, SD 57104-0557
      View Details
    • Value Estimation
      $560,000
      29,738 SF

      1508 Russell St

      MOTEL
      1508 Russell St, Sioux Falls, SD 57104-1329
      View Details
    • Value Estimation by Request
      7,300 SF

      3305 Clf Ave

      MOTEL
      3305 Clf Ave, Sioux Falls, SD 57104
      View Details
    • Value Estimation
      $530,000
      21,484 SF

      4808 Clf Ave

      MOTEL
      4808 Clf Ave, Sioux Falls, SD 57104-0556
      View Details

    Similar Nearby for Sale

    • $3,500,000

      100-Room Hospitality Investment Opportunity

      Hospitality property with 100 rooms, great investment opportunity.
      1300 West Russell St, Sioux Falls, SD 57104
      View Details
    • $3,200,000

      Sioux Falls Commercial Property For Sale

      Two-building commercial property with strong revenue potential in Sioux Falls.
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    • $16,500,000
      123,702 SF

      Ramada Hotel: Sioux Falls, SD

      Profitable Hotel, Prime Location, High Cap Rate
      1301 Russell St, Sioux Falls, SD 57104
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    • Contact for pricing
      60,798 SF

      Sioux Falls Multifamily Investment Property

      30-unit apartment complex in Sioux Falls, 100% occupied.
      3113 W 12Th St, Sioux Falls, SD 57104
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    • $2,230,000

      High-Quality Building on Russell Street

      Well-maintained building with newer roof and HVAC, great visibility.
      621 West Russell St, Sioux Falls, SD 57104
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    • $9,524,711

      Sioux Falls Data Center Opportunity

      122,293 SF data center or office building for sale.
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    Similar Nearby for Lease

    • Contact for pricing
      1,580 SF

      Retail Space in Steel District

      Retail space available in a mixed-use development in Sioux Falls.
      151 E 4 Pl, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      7,207 SF

      Mixed-Use Development in Steel District

      Integrated live, work, play, stay development with office and retail.
      150 E 4 Pl, Sioux Falls, SD 57104
      View Details
    • $1,400 /Mo

      Industrial Shop Spaces For Rent

      Industrial shop spaces with convenient access and secured property.
      2200-2260 E 34Th St N, Sioux Falls, SD 57104
      View Details
    • $16 SF/Yr

      Retail Space with Windowed Offices

      Retail space featuring windowed offices, storage, and in-suite restrooms.
      715 S Minnesota Ave, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      3,150 SF

      Functional Flex/Industrial Space Available

      3,150 SF flex/industrial space with drive-in bay for lease.
      3632 N Casco Ave, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      2,400 SF

      Downtown Office/Retail Space Available

      Office/retail space with high traffic and convenient access.
      112 N Phillips Ave, Sioux Falls, SD 57104
      View Details
    View Listing
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    Sioux Falls, SD 57104
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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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