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Property profile & analytics
OFF-MARKET
Estimated value
$725,000
Banks
200 10th St Sta A, Sioux Falls, SD 57104-6361
Entity Owned
Absentee Owner
Free & Clear
Property ID
US79-0035225
Property summary
AI-generated overview
River Centre, a Class A office building located at 200 E 10th St, Sioux Falls, SD 57117, offers exceptional office space in the heart of downtown. Built in 1999, this Minnehaha County property boasts stunning views of the Sioux Falls skyline and riverfront. Two suites are currently available, one of 12,867 square feet (available September 2025) and another of 12,909 square feet (available January 2025). The building offers a variety of office styles, suitable for executive, traditional, and creative office needs. Amenities include ample natural light from expansive windows, dedicated meeting rooms, spacious outdoor decks, and convenient underground executive parking. The building's prime location at the corner of E 10th St and River Road provides unparalleled signage opportunities, making it a highly visible and desirable location for businesses seeking a prominent downtown presence. The total leasable space within the building is 25,776 square feet. This is a multi-tenant building offering a prestigious address and a sophisticated work environment. Contact us today to learn more about these exceptional office spaces.
Property profile
Verified
Property type
Banks
Use group
FINANCIAL BUILDING
Year built
2000
Construction
STEEL FRAME
Total area
14,202 SF
Lot
0.18 ac (7,645 SF)
APN
73285
UPID
US79-0035225
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$610k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$842k
Blend (final)
Blend
$725k
Owner & transaction history
RIVERVIEW HOLDINGS LLC
RIVERVIEW HOLDINGS LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$970,000
+31.8%
Medical building
$895,000
+21.9%
Auto repair, garage
$885,000
+20.7%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sioux Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sioux Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$610,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
FINANCIAL BUILDING
$735,000
Current use
RETAIL STORES
$970,000
Change: +32% · Conversion: Difficult
MEDICAL BUILDING
$895,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$885,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$765,000
Change: +4% · Conversion: Difficult
COMMERCIAL (GENERAL)
$690,000
Change: -6% · Conversion: Difficult
WAREHOUSE, STORAGE
$625,000
Change: -15% · Conversion: Difficult
Blend value · Realmo final
$725k
Range $653k – $798k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$51 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$42,794
Tax year 2022
Assessed value
$2,361,900
Assessed 2022
Previous assessed
$2,281,500
+3.5% YoY
Effective rate
1.81%
On assessed value
Assessed land
$95,600
Assessed improvement
$2,266,300
Applied tax rate
90,495.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Banks
Use group
FINANCIAL BUILDING
Status
Off-Market
Year built
2000
Construction
STEEL FRAME
Heating
YES
Cooling
OTHER
Stories
1
Total area
14,202 SF
Lot
0.18 ac (7,645 SF)
APN
73285
UPID
US79-0035225
Jurisdiction
MINNEHAHA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
FINANCIAL BUILDING Current
Est. value
$735,000
RETAIL STORES
Est. value
$970,000
MEDICAL BUILDING
Est. value
$895,000
AUTO REPAIR, GARAGE
Est. value
$885,000
OFFICE BUILDING
Est. value
$765,000
COMMERCIAL (GENERAL)
Est. value
$690,000
WAREHOUSE, STORAGE
Est. value
$625,000
FINANCIAL BUILDING Current
RETAIL STORES
MEDICAL BUILDING
AUTO REPAIR, GARAGE
OFFICE BUILDING
COMMERCIAL (GENERAL)
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
STEEL FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
0.18 ac
Current owner
From public records · entity-resolved
RIVERVIEW HOLDINGS LLC
Entity
Free & Clear · 0 yrs held
Mailing address
1445 S WESTWARD HO PL, SIOUX FALLS, SD 57105-0155
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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