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    Property profile & analytics

    2507 Shirley Ave Sioux Falls, SD 57106-4324

    • Turn key restaurants
    • 9,989 SF
    • 1.56 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US79-0033432
    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

    • Morrie’s Steakhouse / Steak House

    Property Details for 2507 Shirley Ave

    Year built
    2003
    Construction
    TYPE NOT SPECIFIED
    Lot size
    1.56 lot acres
    Property size
    9,989 SF
    Property type
    Turn key restaurants
    APN
    75961
    APU
    75961

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7772
    Latitude
    43.5227
    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
    $41,138
    $528,300
    $1,661,900
    $2,190,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      9,492 SF

      2409 Shirley Ave

      RESTAURANT • 9,492 SF
      2409 Shirley Ave, Sioux Falls, SD 57106-4326
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    • Value Estimation by Request
      9,820 SF

      4610 Empire Pl

      RESTAURANT • 9,820 SF
      4610 Empire Pl, Sioux Falls, SD 57106-6503
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    • Value Estimation by Request
      6,481 SF

      3400 Gtwy Blvd

      RESTAURANT • 6,481 SF
      3400 Gtwy Blvd, Sioux Falls, SD 57106-1556
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    • Value Estimation
      $375,000
      2,209 SF

      3500 Louise Ave

      RESTAURANT • 2,209 SF
      3500 Louise Ave, Sioux Falls, SD 57106-6331
      View Details
    • Value Estimation by Request
      7,866 SF

      4307 Empire Pl

      RESTAURANT • 7,866 SF
      4307 Empire Pl, Sioux Falls, SD 57106-6525
      View Details
    • Value Estimation by Request
      7,042 SF

      3901 41st St

      RESTAURANT • 7,042 SF
      3901 41st St, Sioux Falls, SD 57106-0721
      View Details

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      Ellis Road Frontage Land

      Land with frontage on Ellis Road, Sioux Falls.
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    Similar Nearby for Lease

    • $18 SF/Yr

      Restaurant Building on Large Lot

      10,765 SF restaurant on 2.23 acres for lease.
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    • $40 SF/Yr
      2,000 SF

      Retail Space with Drive-Thru Potential

      Retail space with drive-thru and patio potential in Sioux Falls.
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      Prime Sioux Falls Office Space, High Visibility
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      Retail Space Near Empire Mall

      Shell space available near major retail and high-traffic area.
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      Retail Space Near Harmodon Park

      Retail space available near Harmodon Park and future middle school.
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      1,917 SF

      Retail Space on 41st Street

      Retail space for lease in premier shopping destination.
      3502-3510 W 41St St, Sioux Falls, SD 57106
      View Details

    Property Visit Statistics

    • Visits by month
      7.5k
    • Visitors by month
      3.4k
    • Avg Time on site
      516 min
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    2507 Shirley Ave
    Sioux Falls, SD 57106-4324
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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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