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    Property profile & analytics

    1601 Sycamore Ave Sioux Falls, SD 57110-4203

    • Grocery and convenience stores
    • 84,527 SF
    • 9.76 lot acres
    OFF-MARKET
    Value Estimation
    $350,000
    Last Sale
    Dec 10, 2020
    $260,000
    Location Intelligence
    Property ID
    US79-0046812
    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

    • Hy-Vee Pharmacy / Pharmacy / Drug Store
    • Hy-Vee Chinese / South Asian Restaurant / Southeast Asian Restaurant
    • Starbucks / Coffee Shop / Cafe
    • Hy-Vee Wine & Spirits / Beverage Distributor / Cigar Shop
    • Hieb Gina M / Pharmacy

    Property Details for 1601 Sycamore Ave

    Year built
    1990
    Construction
    TYPE NOT SPECIFIED
    Lot size
    9.76 lot acres
    Property size
    84,527 SF
    Zone code
    NO;SPECIAL NOTE
    Property type
    Grocery and convenience stores
    APN
    37203
    APU
    37203

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $295,000

    • CAP approach

      CAP return
      Estimation
      6%
      $325,000
      6.5%
      $320,000
      7%
      $295,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $310,000
      Geo Method
      $335,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $310,000
      Retail
      $395,000
      Mixed-Use
      $315,000
      Hospitality
      $380,000
      Educational
      $390,000
      Residential Income
      $295,000
      Energy
      $360,000
      Income-Based Land
      $395,000
      Food Service
      $350,000

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.6725
    Latitude
    43.5307
    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
    $111,478
    $2,337,900
    $3,335,900
    $5,673,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      29,828 SF

      3301 Sycamore Ave

      GROCERY, SUPERMARKET • 29,828 SF
      3301 Sycamore Ave, Sioux Falls, SD 57110-4535
      View Details
    • Value Estimation by Request
      6,956 SF

      5400 Arrowhead Pkwy

      CONVENIENCE STORE • 6,956 SF
      5400 Arrowhead Pkwy, Sioux Falls, SD 57110-0401
      View Details
    • Value Estimation by Request
      3,213 SF

      900 Sycamore Ave

      CONVENIENCE STORE • 3,213 SF
      900 Sycamore Ave, Sioux Falls, SD 57110-5754
      View Details
    • Value Estimation by Request
      4,903 SF

      5810 26th St

      CONVENIENCE STORE • 4,903 SF
      5810 26th St, Sioux Falls, SD 57110-3963
      View Details
    • Value Estimation
      $1,000,000
      2,400 SF

      4721 26th St

      CONVENIENCE STORE • 2,400 SF
      4721 26th St, Sioux Falls, SD 57110-4240
      View Details
    • Value Estimation
      $460,000
      2,760 SF

      701 Sycamore Ave

      CONVENIENCE STORE • 2,760 SF
      701 Sycamore Ave, Sioux Falls, SD 57110-3179
      View Details

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    • Contact for pricing

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    Similar Nearby for Lease

    • $23 SF/Yr
      1,492 SF

      Retail Space in Dawley Farm

      Versatile retail space in successful South Dakota retail development.
      700-724 S Highline Pl, Sioux Falls, SD 57110
      View Details
    • $26 SF/Yr

      Retail Space in Dawley Farms

      Retail spaces available in Sioux Falls' Dawley Farms development.
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      View Details
    • $18 SF/Yr
      1,535 SF

      Retail Space Near Dawley Farm

      Retail space with strong co-tenants and high visibility.
      5416 E Arrowhead Pkwy, Sioux Falls, SD 57110
      View Details
    • $28 SF/Yr
      2,600 SF

      Retail Space in Dawley Farms

      Retail space for lease in Dawley Farms development.
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    • Contact for pricing
      2,405 SF

      Retail Space in Sioux Falls

      Retail space with high visibility near Walmart.
      5615-5623 E Arrowhead Pkwy, Sioux Falls, SD 57110
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    • Contact for pricing
      10,151 SF

      Sioux Falls Retail Investment Opportunity

      High-traffic Walmart shadow center space available.
      5623 Arrowhead Pkwy, Sioux Falls, SD 57110
      View Details

    Property Visit Statistics

    • Visits by month
      117.1k
    • Visitors by month
      49.8k
    • Avg Time on site
      22 min
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    Sioux Falls, SD 57110-4203
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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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