New search
Property profile & analytics
OFF-MARKET
Hotels
200 8th St, Sioux Falls, SD 57103-7041
Individually Owned
2-yr Hold
Free & Clear
Property ID
US79-0054666
Property summary
AI-generated overview
Exceptional opportunity to acquire the established Falls Landing Bar & Grill, a thriving 2,100 square foot restaurant and bar located in Sioux Falls, South Dakota. This fully equipped, turnkey operation boasts a prime downtown location at 200 E 8th St, offering stunning Big Sioux River and bike trail views. Currently operating at 100% occupancy, the business features a spacious interior with seating for 80, including various table sizes and bar seating, plus additional outdoor patio seating. The interior was remodeled in June 2020. The sale includes all furniture, fixtures, and equipment (FF&E), along with a valuable beer and wine license. The property is situated within the Country Inn & Suites, providing convenient access via two exterior entrances and catering services to the hotel's conference room. The bar has capacity for 27 taps, and the business utilizes three POS stations and an ATM. Common area restrooms are shared. Lease terms are available upon request
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1995
Construction
FRAME
Total area
42,232 SF
Lot
0.73 ac (31,625 SF)
Zoning code
FP;FP
APN
29994
UPID
US79-0054666
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
Current use
Occupant on record · Public records
-
Country Inn & Suites by Radisson, Sioux Falls, SD Hotel & Motel
-
Queen City Deck Solutions Construction Company General Contractor
-
Falls Landing Restaurant Restaurant
-
ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Tony Sengphet · 2 yrs held
Tony Sengphet
since 2024
Last sale
$205,000
3 recorded transactions
Zoning & alternative use
FP;FP · Sioux Falls, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$57,233
Tax year 2022
Assessed value
$3,280,400
Assessed 2022
Previous assessed
$2,726,500
+20.3% YoY
Effective rate
1.74%
On assessed value
Assessed land
$292,500
Assessed improvement
$2,987,900
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1995
Construction
FRAME
Heating
YES
Cooling
YES
Stories
4
Units
70
Rooms
71
Total area
42,232 SF
Lot
0.73 ac (31,625 SF)
Zoning code
FP;FP
APN
29994
UPID
US79-0054666
Jurisdiction
MINNEHAHA
Zoning & alternative use
FP;FP · Sioux Falls, SD
Zoning FP;FP · permitted uses
FP;FP · Sioux Falls, SD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sioux Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1995
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
4
Units
70
Rooms
71
Lot
0.73 ac
Current owner
From public records · entity-resolved
Tony Sengphet
Individual
Free & Clear · 2 yrs held
Mailing address
423 S WESTERN AVE, SIOUX FALLS, SD 57104-3924
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 28, 2025
—
A Alina 88 LLC
—
Deed
related
$3,237,500 · Bank Midwest
Mar 8, 2024
$205,000
Tony Sengphet
Rokusek Homes INC
Warranty Deed
—
Mar 21, 2022
—
Sand Dollar Hospitality LLC
—
Deed
related
$2,000,000 · United States Small Business Admin
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 200 8th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
