Sioux Falls Office
For Sale
Contact for pricing
4912 S Technopolis Dr, Sioux Falls, SD 57106
Office property for sale in Sioux Falls, South Dakota.
Property Size5,023 SF
Lot Size0.62 Acres
Price / SF$209.04
Days on Market666
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
Listed By:
Andi Anderson · License #11675
(605) 336-7600
Source:
Crexi
Added: Nov 8, 2024
Changed: Aug 18
Last Checked: Sep 4 at 4:53AM
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.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$67,245
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,900
$1.3M
Cap Rate 7%
$960,643
$960.6K
Cap Rate 9%
$747,167
$747.2K
Market Conditions
NOI Build-Up for 5,023 SF
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.
Gross rent
$105.5K $21.00/SF
− Vacancy
−$15.8K −$3.15/SF
EGI
$89.7K $17.85/SF
− OpEx
−$22.4K −$4.46/SF
NOI
$67.2K $13.39/SF
Area
Sioux Falls, SD
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,344,900
Cap Rate 7%
$960,643
Cap Rate 9%
$747,167
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 authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,209
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
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
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.
