Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3500 Marion Rd Sioux Falls, SD 57106-1370

    • Medical offices
    • 6,000 SF
    • 1.10 lot acres
    OFF-MARKET
    Value Estimations
    $425,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0040974
    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

    • Wenande B Scott DDS / Dentist
    • Dr. Ross L. Crist, DDS / Dentist
    • B. Scott Wenande, DDS, MS / Dentist / Orthodontist
    • Schieck Jacquelyn K DDS / Orthodontist
    • Journey Orthodontics: South Marion Location / Orthodontist

    Property Details for 3500 Marion Rd

    Year built
    1991
    Construction
    FRAME
    Lot size
    1.10 lot acres
    Property size
    6,000 SF
    Zone code
    C4;GENERAL COMMERCIAL
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    54606
    APU
    54606

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $380,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $474,000
      Market price range: $213k - $532k

    • Alternative Use

      Use
      Estimation
      MEDICAL BUILDING
      $380,000
      Current use
      COMMERCIAL (GENERAL)
      $585,000
      Change: +55% Conversion: Easy
      OFFICE BUILDING
      $505,000
      Change: +34% Conversion: Easy
      RESTAURANT
      $480,000
      Change: +27% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $460,000
      Change: +22% Conversion: Difficult
      RETAIL STORES
      $315,000
      Change: -16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7905
    Latitude
    43.5136
    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
    $19,756
    $322,200
    $702,300
    $1,024,500
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $840,000
      11,478 SF

      3401 49th St

      MEDICAL BUILDING • 11,478 SF
      3401 49th St, Sioux Falls, SD 57106-2322
      View Details
    • Value Estimation
      $995,000
      42,810 SF

      2525 Ellis Rd

      MEDICAL BUILDING • 42,810 SF
      2525 Ellis Rd, Sioux Falls, SD 57106-7066
      View Details
    • Value Estimation
      $270,000
      4,720 SF

      5704 41st St

      MEDICAL BUILDING • 4,720 SF
      5704 41st St, Sioux Falls, SD 57106-1011
      View Details
    • Value Estimation
      $285,000
      4,340 SF

      6511 41st St

      MEDICAL BUILDING • 4,340 SF
      6511 41st St, Sioux Falls, SD 57106-1286
      View Details
    • Value Estimation
      $595,000
      10,665 SF

      6000 41st St

      MEDICAL BUILDING • 10,665 SF
      6000 41st St, Sioux Falls, SD 57106-3012
      View Details
    • Value Estimation
      $290,000
      4,376 SF

      3401 Kelley Ave

      MEDICAL BUILDING • 4,376 SF
      3401 Kelley Ave, Sioux Falls, SD 57106-6300
      View Details

    Similar Nearby for Sale

    • $5,300,000
      40,451 SF

      Valhalla Building: Prime Office Investment

      Fully Leased, High-Traffic Location
      4009 49Th St, Sioux Falls, SD 57106
      View Details
    • $1,479,000
      12,908 SF

      Sioux Falls Office Building

      Two-story office building with included FF&E for sale.
      3900 W 53Rd St, Sioux Falls, SD 57106
      View Details
    • $951,350
      2.24 Acres

      Prime Sioux Falls Commercial Land

      2.24 Acres, Office/Retail Zoning
      4512 59Th St, Sioux Falls, SD 57106
      View Details
    • $1,119,000
      4,476 SF

      Prime Sioux Falls Office Building

      Executive & Traditional Office Space, $1.1M
      4105 Carnegie Pl, Sioux Falls, SD 57106
      View Details
    • $1,050,000
      5,023 SF

      Technopolis Office Building, Sioux Falls

      Prime Office Space, Sioux Falls, SD
      4912 Technopolis Dr, Sioux Falls, SD 57106
      View Details
    • $660,000
      4,400 SF

      Accessible Office Condo For Sale

      Office condo near 41st St and I-29 with ample storage.
      3205 S Meadow Ave, Sioux Falls, SD 57106
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      9,936 SF

      Prime Office Condo/Lease Opportunity

      Versatile Office Space, High-Traffic Location
      4214 38Th St, Sioux Falls, SD 57106
      View Details
    • $13 SF/Yr
      1,900 SF

      West 41st Street Retail Space

      Prime Sioux Falls retail/office opportunity.
      5107 41St St, Sioux Falls, SD 57106
      View Details
    • $15 SF/Yr
      3,768 SF

      Meadows Square Office Suites

      Prime Sioux Falls Office Space Available
      3801 34Th St, Sioux Falls, SD 57106
      View Details
    • $15 SF/Yr
      2,340 SF

      Sertoma Plaza Office Space Available

      Prime Sioux Falls Office Space, High Visibility
      6701 41St St, Sioux Falls, SD 57106
      View Details
    • $17 SF/Yr
      9,486 SF

      Sioux Falls Office Space Available

      Office space for rent with quick highway access.
      3900 W Technology Cir, Sioux Falls, SD 57106
      View Details
    • $10 SF/Yr
      11,476 SF

      Office Space with Direct Access

      Office suites available with parking and signage opportunities.
      4205 W 53Rd St, Sioux Falls, SD 57106
      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.
    3500 Marion Rd
    Sioux Falls, SD 57106-1370
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.