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Financial
Distress signals
Property profile

1800 S Summit Ave Sioux Falls, SD 57105

FOR SALE
Medical Office Space
Property ID
US79-0073923
6,570 SF 0.35 ac lot Built 1951
Entity Owned Owner of record is a legal entity (LLC / corporation). Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This O–Office zoned property built in 1951 contains 2,190 square feet of office space with a layout that includes a large open work area, two private offices, a conference room, a small kitchenette-style area, and a restroom. The space was renovated in 2022 and includes access to a full basement that can be used for storage and is shared with the first-floor tenant. The building includes 29 on-site surface parking stalls (about 1 stall per 153 square feet) and offers signage opportunities. The…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2022

What does the county charge?
$9k
Tax billed · 2022
Assessed value$471k
Assessed land$76k
Assessed improvement$395k
Effective rate1.89%

Value estimate

· Oct 2026
$330k
$297k – $363k
AI approach$330k
NOI build-up
Gross scheduled income$138k
Vacancy & credit loss−$21k
Operating expenses−$29k
NOI · 5.86% cap applied$88k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
5.86%
$88k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionMINNEHAHA

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store11.5
HVAC Service10.4
Locksmith9.4

Location

1800 S Summit Ave Sioux Falls, SD 57105
County assessor Recorded deeds · not on file Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

3 recorded sales · 16 properties nearby
Recent sales nearby
3 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2600 Western, Sioux Falls, SD 57105-4429 $435,000 Nov 2022 2,948 SF
3805 Kiwanis, Sioux Falls, SD 57105-4266 $825,000 Jul 2021 4,686 SF
2521 Western, Sioux Falls, SD 57105-3430 $195,000 Oct 2019 2,146 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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