Remodeled Two-Tenant Office
4105 S Carnegie Pl, Sioux Falls, SD 57106
Remodeled office building near 49th Street and Louise Avenue.
Type:Office
Property size:
4,476 SFPrice / SF:
$221/SF- Added:
- Oct 23, 2024
- Days on Market:
- 577
- Last Refresh:
- May 12 at 9:24 pm
Property Features for 4105 S Carnegie Pl
General Information
- Standard status
- Active
- Size
- 4,476 SF
- Property subtype
- Office
Building Details
- Year Built
- 1989
Listing agent Isaac Jorgensen License #SD 20285
Listing office Bender Commercial
Listing date Oct 23, 2024
Source Crexi
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
HighLights
- Recently remodeled in 2022.
- Two‑tenant office building.
- Located near 49th Street and Louise Avenue.
- Suite 1: Eight private offices, conference room, breakroom.
- Suite 2: Seven private offices, work area, separate entrance.
- Easy access to 49th Street, Louise Avenue and I‑229.
Overview
This is a recently remodeled, two-tenant office building located near 49th Street and Louise Avenue in southwest Sioux Falls. Constructed in 1989 and remodeled in 2022, the property offers a parking ratio of 1 space per 172 square feet. Suite 1 features eight private offices with individual locks, a conference or meeting room, and a breakroom. Suite 2 includes seven private offices, a work area, and a separate entrance. The building has common area restrooms. The property is conveniently located near shopping and restaurants, with easy access to 49th Street, Louise Avenue, and I-229. The building's size is 4,476 square feet.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$665.8K
NOI $59,922 @ 9.00% cap · cautious / downside scenario
Moderate
$856.0K
NOI $59,922 @ 7.00% cap · market / base-case scenario
Aggressive
$1.20M
NOI $59,922 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.0k | $21.00 |
| − Vacancy | −$14.1k | −$3.15 |
| EGI | $79.9k | $17.85 |
| − OpEx | −$20.0k | −$4.46 |
| NOI | $59.9k | $13.39 |
4,476 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$856.0K
$749.0K – $998.7K
NOI $59,922 @ 7.0% cap · market cap 6.05%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.22M
$1.06M – $1.42M
NOI $85,080 @ 7.0% cap · market cap 8.59%
Zoning and permitted uses should be independently verified with local authorities.
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
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.7658485
- Latitude
- 43.5088175
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FAQs
What type of property is this?
Office building - Remodeled office building near 49th Street and Louise Avenue.
Where is this office building 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: Recently remodeled in 2022.; Two‑tenant office building.; Located near 49th Street and Louise Avenue.
