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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3200 W Russell St Sioux Falls, SD 57107

    • Hotels
    • 54,722 SF
    • 4.00 lot acres
    For Sale
    View listing
    $4,600,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0051503
    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

    • OYO Hotel Sioux Falls Airport SD / Hotel
    • The Dakota / Hotel

    Property Details for 3200 W Russell St

    Year built
    1975
    Construction
    TYPE NOT SPECIFIED
    Lot size
    4.00 lot acres
    Property size
    54,722 SF
    Property type
    Hotels
    APN
    38305
    APU
    38305

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $945,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $943,000
      Market price range: $943k - $2.03M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $1,200,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7691
    Latitude
    43.5708
    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
    $59,278
    $479,000
    $2,734,800
    $3,213,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $535,000
      23,322 SF

      3101 Russell St

      HOTEL • 23,322 SF
      3101 Russell St, Sioux Falls, SD 57107-0709
      View Details
    • Value Estimation
      $2,440,000
      168,359 SF

      3200 Maple St

      HOTEL • 168,359 SF
      3200 Maple St, Sioux Falls, SD 57107-1302
      View Details
    • Value Estimation
      $985,000
      46,488 SF

      4035 Bobhalla Dr

      HOTEL • 46,488 SF
      4035 Bobhalla Dr, Sioux Falls, SD 57107-6414
      View Details
    • Value Estimation
      $1,020,000
      55,853 SF

      5410 Granite Ln

      HOTEL • 55,853 SF
      5410 Granite Ln, Sioux Falls, SD 57107-0868
      View Details
    • Value Estimation
      $1,020,000
      41,223 SF

      3300 Russell St

      HOTEL • 41,223 SF
      3300 Russell St, Sioux Falls, SD 57107-0714
      View Details
    • Value Estimation
      $2,400,000
      23,678 SF

      3009 Russell St

      MOTEL • 23,678 SF
      3009 Russell St, Sioux Falls, SD 57107-0707
      View Details

    Similar Nearby for Sale

    • $4,600,000
      54,722 SF

      98-Room Hotel with Manager’s Apartment

      Two-story hotel with conversion opportunity in expanding market.
      3200 W Russell St, Sioux Falls, SD 57107
      View Details
    • $4,600,000

      98-Room Motel for Sale

      98 guestrooms, manager's apartment, and brand conversion opportunity available.
      3200 W Russell St, Sioux Falls, SD 57107
      View Details
    • Contact for pricing
      9.70 Acres

      Sioux Falls Industrial Land - 9.7 Acres

      Prime I-90 Commercial/Industrial Land
      5505 Annika Ave, Sioux Falls, SD 57107
      View Details
    • Contact for pricing
      68.90 Acres

      Musso Land: Prime Development Opportunity

      68.9 Acres, Sioux Falls, SD - Ag, Commercial, Industrial Potential
      SD 57107 Sioux Fls, Sioux Falls, SD 57107
      View Details
    • $891,981
      1.95 Acres

      Boyce Park Commercial Land Opportunity

      1.95-acre C-2 zoned lot, prime Sioux Falls location.
      4519 Frank Boyce Dr, Sioux Falls, SD 57107
      View Details
    • Contact for pricing

      Land Parcel in Sioux Falls

      Commercial land parcel with potential for multiple uses.
      & La Mesa Benson Rd, Sioux Falls, SD 57107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      145,200 SF

      Alloy1: Premier Sioux Falls Industrial Space

      Modern Manufacturing/Flex Facility, 145,200 SF
      5400 Career Ave, Sioux Falls, SD 57107
      View Details
    • $7 SF/Yr
      13,728 SF

      Sioux Falls Warehouse - 13,728 SF

      1.16-acre industrial warehouse, fully vacant.
      25773 Cottonwood Ave, Sioux Falls, SD 57107
      View Details
    • $7 SF/Yr
      544,540 SF

      The Docks Industrial Park: Sioux Falls

      Class A Industrial Space: Flexible Options Available
      5500 Wireless St, Sioux Falls, SD 57107
      View Details
    • $5,990 /Mo
      6,930 SF

      Sioux Falls Warehouse with Drive-Through

      6,930 SF warehouse with drive-through doors and heavy-duty features.
      25733 Cottonwood Ave, Sioux Falls, SD 57107
      View Details
    • $6 SF/Yr
      18,000 SF

      Sioux Falls Warehouse and Manufacturing Space

      Renovated warehouse and manufacturing space with convenient interstate access.
      5604 W 9Th St, Sioux Falls, SD 57107
      View Details
    • $8 SF/Yr
      30,400 SF

      Century Business Park Flex Space

      Modern flex/manufacturing space available.
      700 Ebenezer Ave, Sioux Falls, SD 57107
      View Details
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    Sioux Falls, SD 57107
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    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
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