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

    3710 S Westport Ave Sioux Falls, SD 57106

    • Strip malls
    • 7,424 SF
    • 0.93 lot acres
    For Lease
    View listing
    $550 /Mo
    Value Estimations
    $270,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0057111
    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

    • Amari Studios / Guitar Instructor / Music Instructor
    • Mr. Appliance of Sioux Falls / Appliance Repair Service

    Property Details for 3710 S Westport Ave

    Year built
    1993
    Construction
    FRAME
    Lot size
    0.93 lot acres
    Property size
    7,424 SF
    Zone code
    FP;FP
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    63211
    APU
    63211

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $223,000
      Market price range: $169k - $339k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $235,000
      Current use
      MEDICAL BUILDING
      $470,000
      Change: +98% Conversion: Difficult
      RETAIL STORES
      $390,000
      Change: +66% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7674
    Latitude
    43.5115
    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
    $17,966
    $264,200
    $674,000
    $938,200
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,220,000
      52,194 SF

      7210 41st St

      SHOPPING CENTER, STRIP CENTER • 52,194 SF
      7210 41st St, Sioux Falls, SD 57106-6038
      View Details
    • Value Estimation
      $460,000
      18,669 SF

      3400 49th St

      SHOPPING CENTER, STRIP CENTER • 18,669 SF
      3400 49th St, Sioux Falls, SD 57106-2366
      View Details
    • Value Estimation
      $680,000
      31,649 SF

      5303 41st St

      SHOPPING CENTER, STRIP CENTER • 31,649 SF
      5303 41st St, Sioux Falls, SD 57106-1381
      View Details
    • Value Estimation
      $495,000
      13,300 SF

      2310 Marion Rd

      SHOPPING CENTER, STRIP CENTER • 13,300 SF
      2310 Marion Rd, Sioux Falls, SD 57106-1107
      View Details
    • Value Estimation
      $960,000
      41,119 SF

      2425 Shirley Ave

      SHOPPING CENTER, STRIP CENTER • 41,119 SF
      2425 Shirley Ave, Sioux Falls, SD 57106-4328
      View Details
    • Value Estimation
      $1,060,000
      38,966 SF

      2812 Louise Ave

      SHOPPING CENTER, STRIP CENTER • 38,966 SF
      2812 Louise Ave, Sioux Falls, SD 57106-4300
      View Details

    Similar Nearby for Sale

    • $699,000
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      Prime Sioux Falls Retail Space

      Vacant Convenience Store, $699,000
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    • $590,000
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      Retail Space with Walk-In Cooler

      Retail property featuring a walk-in cooler and restroom.
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    • $3,125,000
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      Chick-Fil-A Ground Lease Opportunity

      20-year NNN lease with high-performing Chick-Fil-A.
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    • Contact for pricing
      2.64 Acres

      Kinect Shoreline: Retail Spaces Available

      Prime Shoreline retail, high foot traffic.
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    • $424,710
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      Corner Lot in Dawley Office

      Commercial land in a growing mixed-use development.
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    • $614,960

      Commercial Land in Growing Area

      Commercial land near business center, airport, and technical institute.
      4001 34Th St, Sioux Falls, SD 57106
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    Similar Nearby for Lease

    • $18 SF/Yr
      2,817 SF

      Prime Retail Complex Available Now

      Retail suites available in a high-traffic Sioux Falls location.
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      View Details
    • $16 SF/Yr
      18,017 SF

      Westridge Mall Retail Space Available

      Prime Sioux Falls Shopping Center, Multiple Units
      8505 26Th St, Sioux Falls, SD 57106
      View Details
    • $34 SF/Yr
      1,647 SF

      Empire Place Retail Center

      Prime Sioux Falls Retail Space Available
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      View Details
    • $15 SF/Yr
      2,340 SF

      Sertoma Plaza Office Space Available

      Prime Sioux Falls Office Space, High Visibility
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    • $18 SF/Yr
      1,895 SF

      Lake Lorraine Retail Space For Lease

      Prime Retail Space, 1895 sq ft, High Traffic
      2400 Marion Rd, Sioux Falls, SD 57106
      View Details
    • $26 SF/Yr
      19,652 SF

      Emporium On 41st Street Retail Space

      Prime Sioux Falls retail space, ready for occupancy.
      3709 41St St, Sioux Falls, SD 57106
      View Details
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    3710 S Westport Ave
    Sioux Falls, SD 57106
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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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