Sioux Falls Office
4912 S Technopolis Dr Sioux Falls, SD 57106
4912 S Technopolis Dr, Sioux Falls, SD, 57106
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For Sale
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Office property for sale in Sioux Falls, South Dakota.
Property Size5,023 SF
Lot Size0.62 Acres
Price / SF$209.04
Days on Market620
Property Features for 4912 S Technopolis Dr
General Information
- Standard status
- Active
- Size
- 5,023 SF
- Lot size
- 0.62 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1999
Listing agency
Bender Commercial
(605) 336-7600
Listed by
Andi Anderson · License #11675
Source
Crexi
Added: Nov 8, 2024 Updated: Jul 6 at 7:42AM Checked: Jul 21 at 1:09PM
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
Investment Insights
Based on property information with market context.
This office property is located near 57th Street and Louise Avenue in southwest Sioux Falls. Built in 1999, the property includes Suite 4916, which offers 2,453 square feet of space, featuring an open work area, three private offices, and a separate locked storage area. Suite 4912 is currently leased through October 2026. The property provides common area restrooms and a kitchen/break room. Monument signage is available. The parking ratio is 1:238. The property has quick access to 57th Street, Louise Avenue, and I-229. Recent improvements include a new roof and HVAC. The lot size is 0.62 acres. The property consists of 5,023 square feet.
Key Highlights
- Convenient location near 57th Street and Louise Avenue with quick access to I‑229.
- Suite 4916 (2,453 SF) available with open work area, three private offices, and separate locked storage.
- Recent improvements include new roof and HVAC.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $105.5k | $21.00 |
| − Vacancy | −$15.8k | −$3.15 |
| EGI | $89.7k | $17.85 |
| − OpEx | −$22.4k | −$4.46 |
| NOI | $67.2k | $13.39 |
5,023 SF · lease $21.00/SF/yr · vacancy 15.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$960.6K
$840.6K – $1.12M
NOI $67,245 @ 7.0% cap · market cap 6.40%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,477 @ 7.0% cap · market cap 9.09%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Reynoza Realty Group ...
Real Estate Agency
Julie Roth Real ...
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The Hayzlett Group
Consultant
Michele Latham Real ...
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FAQs
What type of property is this?
Office units - Office property for sale in Sioux Falls, South Dakota.
Where is this office units located?
The property is located at 4912 S Technopolis Dr Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,050,000.
What are key features of this property?
This property features: Convenient location near 57th Street and Louise Avenue with quick access to I‑229.; Suite 4916 (2,453 SF) available with open work area, three private offices, and separate locked storage.; Recent improvements include new roof and HVAC.
