TownePlace by Marriott
For Sale
Contact for pricing
4545 W Homefield Dr, Sioux Falls, SD 57106
Extended-stay hotel with paved on-site parking and commercial zoning.
Property Size39,317 SF
Lot Size1.94 Acres
Days on Market141
Property Features for 4545 W Homefield Dr
General Information
Standard status
Active
Size
39,317 SF
Total Parking Spaces
67
Lot size
1.94 Acres
Property subtype
Hospitality
Zoning
Commercial
Occupancy
64%
Net Operating Income
$655,000
Financials
Asking Price
$6,700,000
Cap Rate
6%
Gross Income
$1,798,000
Gross Rent Multiplier
3.44
Building Details
Year Built
1997
Building Size
39,317 SF
Listing Agency:
NAI Sioux Falls
(605) 444-7117
Listed By:
Dale Zomer · License #SD 16458
Source:
Crexi
Added: Apr 12
Changed: Aug 29
Last Checked: Aug 29 at 10:42PM
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 NAI Sioux Falls
Investment Insights
Based on property information with market context.
TownePlace by Marriott is a 39,317 SF hotel containing 67 guest rooms on a 1.941 AC site. The property was built in 1997 and includes a paved parking lot with 67 spaces. Commercial zoning supports the existing hospitality use.
The hotel is located at 4545 W Homefield Dr in Sioux Falls, South Dakota. Reported 2024 occupancy is 64.13%. Operating metrics include a 6.00% cap rate, a 3.44Xs GRM, and 2024 projected revenue of $1,950,000; monetary figures are omitted from this listing copy.
The hotel is located at 4545 W Homefield Dr in Sioux Falls, South Dakota. Reported 2024 occupancy is 64.13%. Operating metrics include a 6.00% cap rate, a 3.44Xs GRM, and 2024 projected revenue of $1,950,000; monetary figures are omitted from this listing copy.
Key Highlights
- 39,317 SF hotel with 67 guest rooms
- 1.941 AC site, equal to 84,549.96 SF
- Built in 1997
Property Analytics
Property Profile
Current Use
Lease Details
64.1%
Occupancy
Location Intelligence
Trade Area within ½ mile
526
Businesses Nearby
Explore this area
Business Placement
Demographics for 57106, SD
47,877
Population
21,722
Households
2.2
Avg Household Size
35
Median Age
35%
College-Educated
93%
High-School Grad
30.3 sq mi
ZIP Area
1,580
Density / Sq Mi
$77,070
Median Household Income
$47,554
Median Earnings
$996
Median Rent
$268,800
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Hotel - Extended-stay hotel with paved on-site parking and commercial zoning.
Where is this hotel located?
The property is located at 4545 W Homefield Dr Sioux Falls, SD.
What are key features of this property?
This property features: 39,317 SF hotel with 67 guest rooms; 1.941 AC site, equal to 84,549.96 SF; Built in 1997
