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Property profile & analytics
OFF-MARKET
Estimated value
$2,415,000
Office buildings
431 Phillips Ave Sioux Falls, SD 57104-5935
Entity Owned
Free & Clear
Property ID
US79-0047039
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1896
Construction
TYPE NOT SPECIFIED
Total area
57,200 SF
Lot
0.46 ac (20,138 SF)
Zoning code
C3;GENERAL COMMERCIAL
APN
27659
UPID
US79-0047039
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
-
SEMPA Health Insurance Insurance Agency
-
Christensen Law Office, PC Law Firm
-
9 Clouds Advertising Agency Marketing & Advertising
-
Rehfeld's Art & Framing (Bike/Boat/Book/etc) Store Home Decor Store
-
HR Green, Inc. Engineering Consultant Consultant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.93M
Blend (final)
Blend
$2.42M
Owner & transaction history
FALLS CENTER, INC
FALLS CENTER, INC
Zoning & alternative use
C3;GENERAL COMMERCIAL · Sioux Falls, SD
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
$2.42M
Range $2.17M – $2.66M · ±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
$54,844
Tax year 2022
Assessed value
$3,144,300
Assessed 2022
Previous assessed
$3,005,600
+4.6% YoY
Effective rate
1.74%
On assessed value
Assessed land
$281,900
Assessed improvement
$2,862,400
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
1896
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
CENTRAL
Stories
4
Total area
57,200 SF
Lot
0.46 ac (20,138 SF)
Zoning code
C3;GENERAL COMMERCIAL
APN
27659
UPID
US79-0047039
Jurisdiction
MINNEHAHA
Zoning & alternative use
C3;GENERAL COMMERCIAL · Sioux Falls, SD
Zoning C3;GENERAL COMMERCIAL · permitted uses
C3;GENERAL COMMERCIAL · Sioux Falls, SD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sioux Falls. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1896
Construction
TYPE NOT SPECIFIED
Heating
YES
Cooling
Yes
Stories
4
Lot
0.46 ac
Current owner
From public records · entity-resolved
FALLS CENTER, INC
Entity
Free & Clear · 0 yrs held
Mailing address
431 N PHILLIPS AVE, SIOUX FALLS, SD 57104-5935
Mailing matches property
Yes
Owner-occupied
Yes
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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