Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    201 Weber Ave Sioux Falls, SD 57103-7037
    Back to Search
    Property profile & analytics

    201 Weber Ave, Sioux Falls, SD 57103-7037

    View on Map
    • Retail space
    • 6,435 SF
    • 0.25 lot acres
    Off-Market
    Property ID
    US79-0045942
    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.
    Value Estimations
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Astronaut Studio / Advertising Agency / Marketing & Advertising
    • Friends of the Big Sioux River / Charitable Organization / Social Service Agency
    • Elite Leadership Consulting, LLC / Consultant
    • Convolo / Hotel & Motel / Resort
    • Roots of Brasil / Restaurant

    Property Details for 201 Weber Ave

    Year built
    1910
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.25 lot acres
    Property type
    Retail space
    APN
    53842
    APU
    53842

    Description

    This exceptional 225-square-foot office space is situated on the second floor of the Stockmans Building, a beautifully preserved 1918 structure located at 201 N Weber Ave in Sioux Falls, South Dakota, 57103. The building boasts a prime location in the vibrant East Bank neighborhood, within easy walking distance of the downtown area, numerous restaurants, and coffee shops. This single-tenant space is classified as Class B and offers a traditional office layout ideal for a variety of professional uses. The suite features stunning original hardwood floors, rich stained woodwork, and large windows that flood the space with natural light. A shared kitchenette and bathroom are conveniently located on the same floor. The asking rent is $450 per month, inclusive of utilities. Office furniture is available for an additional fee. This is a rare opportunity to lease a unique and historically significant office space in a thriving urban setting. The building is two stories tall. The property is part of a larger building, but this specific suite is a single tenancy.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $691,000
      Market price range: $235k - $902k
      AI Estimate
      $514,000
      Market price range: $215k - $711k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $585,000
      Current use
      OFFICE BUILDING
      $750,000
      Change: +28% Conversion: Easy
      AUTO REPAIR, GARAGE
      $605,000
      Change: +3% Conversion: Difficult
      WAREHOUSE, STORAGE
      $510,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7202
    Latitude
    43.5491
    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
    $8,643
    $43,700
    $412,200
    $455,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      3224 10Th St

      Individual retail properties
      3224 10Th St, Sioux Falls, SD 57103
      View Details
    • Value Estimation by Request
      1,008 SF

      1122 Weber Ave

      RETAIL STORES (PERSONAL SERVICES)
      1122 Weber Ave, Sioux Falls, SD 57103-0162
      View Details
    • Value Estimation by Request
      7,105 SF

      1500 10th St

      RETAIL STORES (PERSONAL SERVICES)
      1500 10th St, Sioux Falls, SD 57103
      View Details
    • Value Estimation by Request
      8,406 SF

      2412 10th St

      RETAIL STORES (PERSONAL SERVICES)
      2412 10th St, Sioux Falls, SD 57103-1917
      View Details
    • Value Estimation by Request
      2,420 SF

      806 10th St

      RETAIL STORES (PERSONAL SERVICES)
      806 10th St, Sioux Falls, SD 57103-1614
      View Details
    • Value Estimation by Request
      8,100 SF

      109 Indiana Ave

      RETAIL STORES (PERSONAL SERVICES)
      109 Indiana Ave, Sioux Falls, SD 57103-1629
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,617 SF

      Retail Space Near 8th & Railroad

      Retail space for sale near a popular commercial center.
      430 E 8Th St, Sioux Falls, SD 57103
      View Details
    • Contact for pricing
      12,554 SF

      Mixed-Use Property With Retail

      Mixed-use property featuring apartments and retail spaces for sale.
      2412 E 10Th St, Sioux Falls, SD 57103
      View Details
    • Contact for pricing
      1,624 SF

      Retail/Restaurant Corner Opportunity in Sioux Falls

      Hard corner retail or restaurant space near downtown Sioux Falls.
      1120 E 10Th St, Sioux Falls, SD 57103
      View Details
    • Contact for pricing
      8,750 SF

      Mixed-Use Property Near Arrowhead Pkwy

      Two buildings with office, shop, and storage spaces for sale.
      600 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • Contact for pricing
      1,624 SF

      Retail/Restaurant Corner Opportunity

      Hard corner retail or restaurant opportunity near downtown Sioux Falls.
      1120 E 10Th St, Sioux Falls, SD 57103
      View Details
    • $1,500,000
      18,296 SF

      Spacious Showroom on E 10th

      Highly visible showroom with ample parking and easy highway access.
      2715 E 10Th St, Sioux Falls, SD 57103
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      8,000 SF

      Prime Retail Space Available

      Retail space in 10-story building with river views.
      350 N Reid Pl, Sioux Falls, SD 57103
      View Details
    • Contact for pricing
      9,837 SF

      Prime Retail/Office Space Available

      First floor retail/office space with river and downtown views.
      345 N Reid Pl, Sioux Falls, SD 57103
      View Details
    • Contact for pricing

      Office/Retail Spaces in Sioux Falls

      Office and retail spaces available for lease in Sioux Falls.
      1200 E 3Rd St, Sioux Falls, SD 57103
      View Details
    • Contact for pricing

      Modern Open-Concept Retail/Office Suite

      Contemporary suite with industrial design, ideal for retail or office.
      210 S Wayland Ave, Sioux Falls, SD 57103
      View Details
    • Contact for pricing

      Retail/Office Space in Harrisburg Crossing

      Located in central Harrisburg, near commercial, residential, and schools.
      220 S Cliff Ave, Sioux Falls, SD 57103
      View Details
    • Contact for pricing

      Renovated Office in Historic Building

      Renovated office space in a historic former fire station.
      600 E 7Th St, Sioux Falls, SD 57103
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    201 Weber Ave
    Sioux Falls, SD 57103-7037
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    201 Weber Ave, Sioux Falls, SD, 57103
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!