Property profile

711 Lk Ave Sioux Falls, SD 57104

OFF-MARKET
Office buildings
Property ID
US79-0065801
10,245 SF 1.29 ac lot Built 1959
Entity Owned 12-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

The property is a 10,280-square-foot facility with a flexible floor plan designed to accommodate customization. It was previously used as a daycare, indicating an interior configuration suitable for childcare or similar community uses. On site, it provides 45 surface parking stalls and includes monument signage facing NW Avenue. The property is located near Terrace Park, a local recreation area with walking paths, baseball fields, a Japanese garden, Covell Lake, an aquatic center, and tennis courts. The site is also near Laura Anderson Elementary, All City Elementary, and Axtell Middle School, which collectively served 840 students in the 2023–2024 school year, and it is surrounded by nearby retail and service businesses including Stewart School, Urban Adventure Center, Bluestone Federal Credit Union, FastSigns, Casey’s, SportBowl, and Casa Del Ray. The property can be marketed for leasing in addition to other uses consistent with its prior institutional/community use.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1959
Construction TYPE NOT SPECIFIED
Total area 10,245 SF
Lot 1.29 ac (56,018 SF)
Zoning code FP;FP
APN 24670
UPID US79-0065801

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Daycare Center Foster Care Service
  • Employment Agency
  • Domestic Abuse Treatment Center Social Services Organization
  • Counselor
  • Physician

Location

711 Lk Ave Sioux Falls, SD 57104-2203
Sioux Falls metro Census 201 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$305k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$305k

Owner & transaction history

since 2014
2 recorded transactions
2020
Price N/A
2014
$941,500

Zoning & alternative use

FP;FP · Sioux Falls, SD

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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