Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    900 Honey Locust Ave Sioux Falls, SD 57110-5307

    • Specialty properties
    • 3,205 SF
    • 1.96 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0050352
    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

    • Arbors Edge Clubhouse / Hotel & Motel / Resort

    Property Details for 900 Honey Locust Ave

    Year built
    2009
    Construction
    FRAME
    Lot size
    1.96 lot acres
    Property size
    3,205 SF
    Zone code
    E
    Property type
    Specialty properties
    APN
    81823
    APU
    81823

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.6164
    Latitude
    43.5386
    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
    $13,721
    $213,200
    $544,400
    $757,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      960 SF

      7001 Pne Lk Dr

      PROFESSIONAL CLUBS/ASSOCIATIONS • 960 SF
      7001 Pne Lk Dr, Sioux Falls, SD 57110
      View Details
    • Value Estimation
      $2,005,000
      17,117 SF

      8000 Arrowhead Pkwy

      PROFESSIONAL CLUBS/ASSOCIATIONS • 17,117 SF
      8000 Arrowhead Pkwy, Sioux Falls, SD 57110-7004
      View Details
    • Value Estimation
      $920,000
      4,358 SF

      4600 54th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 4,358 SF
      4600 54th St, Sioux Falls, SD 57110-4393
      View Details
    • Value Estimation by Request
      2.16 Acres

      8901 Black Walnut St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2.16 Acres
      8901 Black Walnut St, Sioux Falls, SD 57110-7625
      View Details
    • Value Estimation by Request
      1,104 SF

      4600 26th St

      PROFESSIONAL CLUBS/ASSOCIATIONS • 1,104 SF
      4600 26th St, Sioux Falls, SD 57110-4252
      View Details
    • Value Estimation
      $655,000
      2,406 SF

      4003 Grand Slam Pl

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,406 SF
      4003 Grand Slam Pl, Sioux Falls, SD 57110-4829
      View Details

    Similar Nearby for Sale

    • $3,976,640

      Development Land Near Veterans Parkway

      116.96 acres of development land in NE Sioux Falls.
      1901 N Six Mile Rd, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Sioux Falls Commercial Land Available

      Prime commercial land on east-side Sioux Falls with Veterans Parkway.
      6010 E 41St St, Sioux Falls, SD 57110
      View Details
    • $389,000
      0.77 Acres

      Residential Land in Sioux Falls

      0.77 acre residential land in a desirable Sioux Falls location.
      E Everest Cir, Sioux Falls, SD 57110
      View Details
    • $419,000
      1.17 Acres

      Land in Sioux Falls Sanctuary

      1.17 acre lot in a desirable Sioux Falls location.
      E Buckthorn Trl, Sioux Falls, SD 57110
      View Details
    • $439,000
      1.31 Acres

      Land in Sioux Falls Sanctuary

      1.31 acre land in a desirable Sioux Falls location.
      E Buckthorn Trl, Sioux Falls, SD 57110
      View Details
    • $269,000
      1.05 Acres

      Land in Sanctuary, Sioux Falls

      1.05 acre land in a growing Sioux Falls community.
      N Sanctuary Dr, Sioux Falls, SD 57110
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Strip Center For Rent

      New retail strip center in southeast Sioux Falls.
      5020 S Highline Ave, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Combined Shop Space For Lease

      2,560 sq ft shop space with office and restroom.
      1005 South Hillside Dr, Sioux Falls, SD 57110
      View Details
    • Contact for pricing
      1,535 SF

      Retail Space Near Dawley Farm

      Retail space with strong co-tenants and high visibility.
      5416 E Arrowhead Pkwy, Sioux Falls, SD 57110
      View Details
    • $26 SF/Yr

      Retail Space in Dawley Farms

      Retail spaces available in Sioux Falls' Dawley Farms development.
      620-622 S Highline Pl, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Office Space Near South Veterans

      To be constructed office space with high street visibility.
      5001 E Rosa Park Pl, Sioux Falls, SD 57110
      View Details
    • $28 SF/Yr
      2,600 SF

      Retail Space in Dawley Farms

      Retail space for lease in Dawley Farms development.
      620-622 S Highline Pl, Sioux Falls, SD 57110
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    900 Honey Locust Ave
    Sioux Falls, SD 57110-5307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!