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Property profile & analytics
OFF-MARKET
Estimated value
$1,825,000
Office buildings
3600 Westport Ave Sioux Falls, SD 57106-6342
Entity Owned
4-yr Hold
Absentee Owner
Free & Clear
Property ID
US79-0064809
Property summary
AI-generated overview
This exceptional Class A office building, totaling 18,160 square feet, is situated on a 1.6-acre lot at 3600 S. Westport Avenue in Minnehaha County. Built in 1978 and completely renovated in 2023, the property offers five available executive office suites ranging from 98 to 146 contiguous square feet. Currently, 622 square feet of space is vacant. The building features a shared lobby area, conference room, and restroom facilities, all conveniently accessible to tenants. A significant advantage is the all-inclusive lease rate, encompassing utilities and internet access. Ample parking is provided with 68 spaces available. The building's prime location offers excellent visibility and accessibility, with nearby neighbors including Target, Kohl's, Billion Automotive, The Empire Mall, Starbucks, Walgreens, Barnes & Noble, Empire Bowl, and Hy-Vee. While there are no elevators, the building's layout ensures easy access to all suites. This is an ideal opportunity for businesses seeking modern, efficient, and conveniently located executive office space. The property is a single building with multiple tenancies.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1978
Construction
TYPE NOT SPECIFIED
Total area
16,908 SF
Lot
1.6 ac (69,696 SF)
Zoning code
FP;FP
APN
40716
UPID
US79-0064809
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
-
3 Cord Photography Photography Service (Bike/Boat/Book/etc) Store
-
Solis Photography Wedding Service Photography Service
-
Solis Photo Portraits (Bike/Boat/Book/etc) Store Photography Service
-
Kamie Wittrock Photography Photography Service (Bike/Boat/Book/etc) Store
-
Primal - Sioux Falls Personal Training/Group Fitness Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.82M
Blend (final)
Blend
$1.83M
Owner & transaction history
Wild IV Enterprises LLC · 4 yrs held
Wild IV Enterprises LLC
since 2022
2 recorded transactions
Zoning & alternative use
FP;FP · Sioux Falls, SD
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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,970,000
Current use
AUTO REPAIR, GARAGE
$1,585,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.83M
Range $1.64M – $2.01M · ±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
$108 / 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
$34,371
Tax year 2022
Assessed value
$1,821,200
Assessed 2022
Previous assessed
$1,756,100
+3.7% YoY
Effective rate
1.89%
On assessed value
Assessed land
$453,000
Assessed improvement
$1,368,200
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
NONE
Stories
1
Total area
16,908 SF
Lot
1.6 ac (69,696 SF)
Zoning code
FP;FP
APN
40716
UPID
US79-0064809
Jurisdiction
MINNEHAHA
Zoning & alternative use
FP;FP · Sioux Falls, SDZoning FP;FP · permitted uses
FP;FP · Sioux Falls, SD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 160: ZONING
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$2.0M
AUTO REPAIR, GARAGE
Est. value
$1.6M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
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
1978
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
1
Lot
1.6 ac
Current owner
From public records · entity-resolved
Wild IV Enterprises LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4304 S ARWAY DR, SIOUX FALLS, SD 57106-3131
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 7, 2022
—
Swi Funds Tower Holdings LLC
—
Deed
related
$75,000,000 · Texas Capital Bank NA
Apr 18, 2022
$1,685,000
Wild IV Enterprises LLC
Red River Broadcast Co LLC
Warranty Deed
—
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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