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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Strip malls
3301 26th St Sioux Falls, SD 57103-4174
Entity Owned
Free & Clear
Property ID
US79-0037794
Property summary
AI-generated overview
Village Square Mall, located at 3301 E 26th St, Sioux Falls, SD 57103, offers a prime opportunity for businesses seeking office space in a vibrant location. This Class B retail and office property, built in 1984 and renovated in 2005, encompasses 21,375 square feet on a 2.47-acre lot. The property is zoned C-3 and features ample parking with 121 spaces. Currently, one 1,000 square foot suite is available, representing the minimum divisible space and the maximum contiguous space currently available. The building does not have elevators. Situated less than a mile from I-229 along E 26th St, and near the cross street of E 26th St, this established strip mall benefits from its proximity to a thriving neighborhood. Within a one-mile radius, there are 223 businesses and 5,513 housing units, providing a strong customer base and employee pool. Convenient access to Dawley Farm Village and Downtown Sioux Falls, both within approximately 10 minutes or less, adds to the property's appeal. This is a multi-tenant building in Minnehaha County.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
1984
Construction
FRAME
Total area
11,818 SF
Lot
2.47 ac (107,767 SF)
APN
54163
UPID
US79-0037794
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
-
The Club Hotel & Motel Resort
-
GreatLIFE 26th & Village Gym & Fitness Center
-
Olga Alteration & Tailoring (Bike/Boat/Book/etc) Store
-
R J Ries Valet Cleaners (Bike/Boat/Book/etc) Store
-
Dareo's Pizza Casino Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$405k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$677k
Blend (final)
Blend
$540k
Owner & transaction history
PAM PROPERTIES LLC
PAM PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$800,000
+69.0%
Medical building
$745,000
+57.6%
Warehouse, storage
$580,000
+22.9%
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
Method
Estimation
Statistic approach
by Request
ML approach
$405,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$475,000
Current use
RETAIL STORES
$800,000
Change: +69% · Conversion: Easy
MEDICAL BUILDING
$745,000
Change: +58% · Conversion: Difficult
WAREHOUSE, STORAGE
$580,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$46 / SF
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
$42,499
Tax year 2022
Assessed value
$2,213,800
Assessed 2022
Previous assessed
$2,241,800
-1.2% YoY
Effective rate
1.92%
On assessed value
Assessed land
$619,600
Assessed improvement
$1,594,200
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
Off-Market
Year built
1984
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Stories
1
Total area
11,818 SF
Lot
2.47 ac (107,767 SF)
APN
54163
UPID
US79-0037794
Jurisdiction
MINNEHAHA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$475,000
RETAIL STORES
Est. value
$800,000
MEDICAL BUILDING
Est. value
$745,000
WAREHOUSE, STORAGE
Est. value
$580,000
NEIGHBORHOOD: SHOPPING CENTER Current
RETAIL STORES
MEDICAL BUILDING
WAREHOUSE, STORAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1984
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Lot
2.47 ac
Current owner
From public records · entity-resolved
PAM PROPERTIES LLC
Entity
Free & Clear · 0 yrs held
Mailing address
3301 E 26TH ST STE #123, SIOUX FALLS, SD 57103-4180
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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.
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