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

    4105 S Carnegie Pl Sioux Falls, SD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Remodeled office space near 49th Street and Louise Avenue.

    Type:OFFICE
    Property size:
    4,476 SF
    Lot size:
    0.41 Acres
    Price / SF:
    $221/SF
    Added:
    May 26, 2025
    Days on Market:
    340
    Last Refresh:
    Apr 5 at 10:28 pm

    Property Features for 4105 S Carnegie Pl

    General Information

    Standard status
    Active
    Size
    4,476 SF
    Lot size
    0.41 Acres
    Property subtype
    OFFICE

    Properties For Sale

    at 4105 S Carnegie Pl Contact us

    We can help!

    Listing Contact
    Isaac Jorgensen

    Listing agent Isaac Jorgensen

    Listing office Bender Commercial

    Listing date May 26, 2025

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bender Commercial

    Overview

    Remodeled Office Space For Sale

    This recently remodeled office space is located near 49th Street and Louise Avenue in southwest Sioux Falls. The property offers individually secured offices with keypad locks. Suite 1 includes a waiting area, eight offices, a conference room, and a break room. Suite 2 features a separate entrance, eight offices, and a work area. Common area restrooms are available. The parking ratio is 1 space per 172 square feet. The property provides easy access to 49th Street, Louise Avenue, and I-229. The property size is 4,476 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Leah Piersol, JD, ... Counselor Dakota Surrogacy Family Planning Center Akenga Financial Services, ... Accounting Firm Ms. Irina Goubanova Counselor Arena Search Employment Agency

    Suggested Use

    Law Firm Restaurant Real Estate Agency Dental Office Spa & Massage Center Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7658
    Latitude
    43.5088

    Nearby Similar for Sale

    • $2,600,000
      14,368 SF

      Historic Office Building Near Downtown

      Historic Sioux Falls office building with ample parking.
      335 N Main Ave, Sioux Falls, SD 57104
      View Details
    • $1,198,400
      2,942 SF

      Sioux Falls Executive Office Space

      Prime office space with golf course frontage in Sioux Falls.
      600 E TAN TARA Cir, Sioux Falls, SD 57108
      View Details
    • $685,000
      5,200 SF

      Sioux Falls Four-Plex Townhomes

      Immaculately maintained four-plex in a desirable Sioux Falls location.
      2800 E Madison St, Sioux Falls, SD 57103
      View Details
    • $675,000
      5,832 SF

      Sioux Falls 6-Plex Investment

      Well-maintained 6-plex in central Sioux Falls with income potential.
      1011 S 2nd Ave, Sioux Falls, SD 57105-0849
      View Details
    • $650,000
      4,260 SF

      Well-Maintained Sioux Falls Fourplex

      Southeastern Sioux Falls fourplex with garages, fully leased.
      3005 S Cliff Ave, Sioux Falls, SD 57105
      View Details
    • $409,900
      2,729 SF

      Sioux Falls Fourplex For Sale

      Four-unit building with recent renovations and new roof.
      201 N French Ave, Sioux Falls, SD 57103-1357
      View Details
    • $370,000
      2,431 SF

      Sioux Falls Multifamily Investment Property

      Multifamily property with updated features and large backyard.
      5100 W 47 St, Sioux Falls, SD 57106
      View Details
    • $1,300
      850 SF

      Sioux Falls Office Space

      Office space near downtown Sioux Falls with reception and offices.
      120 S Indiana Ave, Sioux Falls, SD 57104
      View Details
    • $309,900
      2,478 SF

      Sioux Falls Duplex Investment Opportunity

      Well-maintained duplex near downtown Sioux Falls, ideal for investors.
      1012 W 8th St St E, Sioux Falls, SD 57104
      View Details
    • $1,500,000
      18,296 SF

      Sioux Falls Showroom with Visibility

      Highly visible showroom on E 10th St with ample parking.
      2715 E 10th St, Sioux Falls, SD 57103
      View Details
    • $324,900
      2,000 SF

      Sioux Falls Duplex Investment Opportunity

      Well-maintained duplex in Sioux Falls with immediate cash flow.
      202 N French Ave, Sioux Falls, SD 57103-1329
      View Details
    • $1,700

      Sioux Falls Office Space

      Office space close to downtown Sioux Falls with shared amenities.
      120 S Indiana Ave, Sioux Falls, SD 57104
      View Details

    FAQs

    What type of property is this?
    Office units - Remodeled office space near 49th Street and Louise Avenue.
    Where is this office units located?
    The property is located at 4105 S Carnegie Pl Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $990,000.
    What are key features of this property?
    This property features: Prime location near 49th Street and Louise Avenue with easy access to I‑229.; Two suites available: Suite 1 (waiting area, eight offices, conference room, break room) and Suite 2 (separate entrance, eight offices, work area).; Recently remodeled office space.
    (605) 336-7600 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Isaac Jorgensen
    Learn More
    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.
    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!