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Property profile & analytics

408 Lotta St Sioux Falls, SD 57105-6809

  • Office buildings
  • 4,990 SF
  • 0.52 lot acres
OFF-MARKET
Value Estimations
$630,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US79-0061896
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

  • Thrive Pilates Studio / Gym & Fitness Center
  • Unwind Bodywork / Alternative Medicine Practice / Spa & Massage Center
  • Rose Petals Therapeutic Massage / Alternative Medicine Practice / Spa & Massage Center
  • H&H Boutique / Clothing & Fashion Store / (Bike/Boat/Book/etc) Store
  • Greg Brostad / Counselor

Property Details for 408 Lotta St

Year built
1988
Construction
FRAME
Lot size
0.52 lot acres
Property size
4,990 SF
Property type
Office buildings
APN
51329
APU
51329

Description

The Tramik Building, located at 408 W Lotta St in Sioux Falls, South Dakota, presents a compelling investment opportunity. This traditional office building, constructed in 1988, offers 4,990 square feet of space, currently at 60% occupancy. The asking price is $699,000, translating to $140.08 per square foot. The building features a multi-tenant configuration, with each suite enjoying a separate exterior entrance, providing convenience and privacy for occupants. Ample parking is available, with a ratio of one space per 200 square feet. Its strategic location, just one block from Minnesota Avenue in a quiet neighborhood, offers excellent visibility and accessibility. Minnesota Avenue boasts a high daily traffic count of 26,500 vehicles, ensuring significant exposure. The property benefits from easy access to major thoroughfares including I-229, Minnesota Avenue, 41st Street, and 57th Street. It's important to note that the property is situated within a floodplain


Value Estimations

based on Realmo’s proprietary methodology
  • Comparable approach

    Method
    Estimation
    Statistic Estimate
    $633,000
    Market price range: $366k - $794k
    AI Estimate
    $479,000
    Market price range: $186k - $689k
  • Alternative Use

    Use
    Estimation
    OFFICE BUILDING
    $580,000
    Current use
    AUTO REPAIR, GARAGE
    $465,000
    Change: -20% 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
-96.7302
Latitude
43.5064
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
$9,761
$123,800
$383,500
$507,300
-
$0.00
$0.00
$0.00
More about this property
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