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Property profile & analytics
FOR LEASE
Office buildings
400 S Sycamore Ave Sioux Falls, SD 57110
Entity Owned
Absentee Owner
Free & Clear
Property ID
US79-0037995
For Lease
1 / 12
$9 SF/Yr
400 S Sycamore Ave, Sioux Falls, SD 57110
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Property summary
AI-generated overview
This 32,398-square-foot office building in Sioux Falls, South Dakota, offers flexible space ideal for various uses. Located at 400 S Sycamore Ave, 57110, at the corner of East 10th Street and Sycamore Avenue, this single-tenant property is immediately available. The building previously served as a bank operations center, featuring a wide-open layout adaptable to diverse needs. Multiple suite options are available, including Suite 100 (4,987 sq ft), Suite 101 (20,460 sq ft), Suite 102 (5,665 sq ft), and Suite 103-1 (4,100 sq ft). The property is offered at a rate of $9 per square foot (NNN), with an estimated NNN expense of $1.91 per square foot. The building's location in Minnehaha County provides excellent access and visibility. This versatile space presents a unique opportunity for businesses seeking a prominent location in Sioux Falls. The building's size allows for subdivision to accommodate various tenant requirements.
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1966
Construction
FRAME
Total area
130,206 SF
Lot
8.91 ac (388,337 SF)
APN
27847
UPID
US79-0037995
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
-
Dakota Loads Inc Trucking Company
-
Arietis Tax & Business Services Tax Preparation
-
Kaskile Tax Service Tax Preparation
-
Eagle Vision Trucking and CDL School Freight Service Logistics Company
-
T2 Roofing Roofing Company General Contractor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.89M
Blend (final)
Blend
$5.46M
Owner & transaction history
SYCAMORE COMMERCE CENTER LLC
SYCAMORE COMMERCE CENTER LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
Blend value · Realmo final
$5.46M
Range $4.91M – $6.00M · ±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
$42 / 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
$113,730
Tax year 2022
Assessed value
$6,910,100
Assessed 2022
Previous assessed
$6,910,100
+0.0% YoY
Effective rate
1.65%
On assessed value
Assessed land
$1,165,000
Assessed improvement
$5,745,100
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
For Lease
Year built
1966
Construction
FRAME
Heating
YES
Cooling
YES
Buildings
2
Stories
1
Total area
130,206 SF
Lot
8.91 ac (388,337 SF)
APN
27847
UPID
US79-0037995
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
Building & site characteristics
From public records
Year built
1966
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
1
Buildings
2
Lot
8.91 ac
Current owner
From public records · entity-resolved
SYCAMORE COMMERCE CENTER LLC
Entity
Free & Clear · 0 yrs held
Mailing address
309 W 43RD ST STE #105, SIOUX FALLS, SD 57105-6805
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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