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    Property profile & analytics

    230 S Phillips Ave Sioux Falls, SD 57104

    • Investment properties
    • 80,702 SF
    • 0.30 lot acres
    For Lease
    View listing
    $600 /Mo
    Value Estimation
    $7,370,000
    Last Sale
    Jan 24, 2022
    $6,700,000
    Location Intelligence
    Property ID
    US79-0049648
    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.

    Current Use by Public Records

    • US Drug Enforcement Administration / Justice Department
    • Green Acre Companies / Real Estate Developer
    • Steven J Morgans / Personal Injury Attorney
    • Myers & Billion LLP: Kooistra Stacy F / Personal Injury Attorney
    • Chef Dominique's Catering and Banquet Facility / Banquet Hall / Caterer

    Property Details for 230 S Phillips Ave

    Year built
    1918
    Construction
    TYPE NOT SPECIFIED
    Lot size
    0.30 lot acres
    Property size
    80,702 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    43062
    APU
    43062

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,530,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,500,000
      6.5%
      $6,990,000
      7%
      $7,000,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,240,000
      Geo Method
      $7,505,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $8,265,000
      Retail
      $7,085,000
      Mixed-Use
      $6,965,000
      Hospitality
      $6,810,000
      Educational
      $7,595,000
      Residential Income
      $8,310,000
      Energy
      $6,760,000
      Income-Based Land
      $6,050,000
      Food Service
      $7,465,000

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7264
    Latitude
    43.5449
    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
    $101,450
    $184,800
    $5,322,800
    $5,507,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      58,044 SF

      101 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 58,044 SF
      101 Main Ave, Sioux Falls, SD 57104-6427
      View Details
    • Value Estimation by Request
      66,792 SF

      400 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 66,792 SF
      400 Main Ave, Sioux Falls, SD 57104-5914
      View Details
    • Value Estimation by Request
      11,972 SF

      323 Phillips Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 11,972 SF
      323 Phillips Ave, Sioux Falls, SD 57104-6318
      View Details
    • Value Estimation by Request
      49,536 SF

      600 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 49,536 SF
      600 Main Ave, Sioux Falls, SD 57104-5972
      View Details
    • Value Estimation by Request
      17,600 SF

      319 Main Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 17,600 SF
      319 Main Ave, Sioux Falls, SD 57104-6082
      View Details
    • Value Estimation
      $355,000
      7,040 SF

      227 9th St

      OFFICE/RESIDENTIAL (MIXED USE) • 7,040 SF
      227 9th St, Sioux Falls, SD 57104-6406
      View Details

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    • $10 SF/Yr
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      Office/retail space with high traffic and convenient access.
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    230 S Phillips Ave
    Sioux Falls, SD 57104
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    Realmo Value Estimation

    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.

    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.

    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
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