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 Market711
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: Oct 15
Last Checked: Oct 19 at 5:29AM
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
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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 / Yr
$67,245
Cap Rate
6.40%
Suggested Prices Based on Cap Rates
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
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 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.
How Realmo checks its estimates
Property Analytics
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Open Analytics
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Office property for sale in Sioux Falls, South Dakota.
Where is this office unit 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.
