1620 Sycamore Ave Sioux Falls, SD 57110-4204
Property Lookup
Property profile & analytics
1620 Sycamore Ave Sioux Falls, SD 57110-4204
- Car washes
- 3,126 SF
- 0.69 lot acres
Property ID
US79-0038774
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.
Location Intelligence
Current Use by Public Records
- Silverstar Car Wash / Car Wash
Property Details for 1620 Sycamore Ave
- Year built
- 2015
- Construction
- TYPE NOT SPECIFIED
- Lot size
- 0.69 lot acres
- Property size
- 3,126 SF
- Zone code
- NO;SPECIAL NOTE
- Property type
- Car washes
- APN
- 61389
- APU
- 61389
Description
This exceptional investment opportunity presents a thriving car wash business in Sioux Falls, South Dakota. Located at 1620 S Sycamore Ave, this 3,126 square foot facility sits on a 0.69-acre lot and boasts a strong 100% occupancy rate. The property is subject to a 14.9-year triple-net (NNN) lease, commencing July 24, 2024, and expiring June 30, 2039, with a remaining term of approximately 14.6 years. The current annual net operating income (NOI) is $225,000, representing a compelling 6.90% capitalization rate. The asking price is $3,260,870, translating to $1,043.14 per square foot. The lease includes annual rent increases of 1.50%, providing consistent growth potential. Further enhancing the investment's security is a corporate guarantee. Built in 2015, this well-maintained car wash offers a stable and lucrative investment prospect with significant long-term value. The property's prime location in Sioux Falls ensures high visibility and consistent customer traffic. This is a rare opportunity to acquire a high-performing, low-maintenance asset with a secure, long-term lease.
Value Estimations
based on Realmo’s proprietary methodology
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
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Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Minnehaha
- State
- South Dakota
- Longitude
- -96.6708
- Latitude
- 43.5304
- 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
$11,888
$210,600
$407,700
$618,300
-
$0.00
$0.00
$0.00
