Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1740 Saint Michaels Cir Sioux Falls, SD 57106-3505
    Back to Search
    Property profile & analytics

    1740 Saint Michaels Cir, Sioux Falls, SD 57106-3505

    View on Map
    • Retail space
    • 6,000 SF
    • 0.71 lot acres
    Off-Market
    Last Sale Sep 24, 2021
    Property ID
    US79-0369786
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $595,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 1740 Saint Michaels Cir

    Year built
    2021
    Lot size
    0.71 lot acres
    Property type
    Retail space
    APN
    90489
    APU
    90489

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 5, 2023 — Dustin Robinson — Deed · related $1.7M · Central Bank
    Sep 24, 2021 — Ws Buildings LLC Ws Construction Management LLC Intrafamily Transfer · related —
    Dec 9, 2020 — Ws Construction Management LLC — Deed · related $1.4M · First Bank & Trust
    Dec 5, 2019 — Midwest Fidelity Partiners — Deed · related $1.5M · American Bank & Trust

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $636,000
      Market price range: $219k - $841k
      AI Estimate
      $368,000
      Market price range: $145k - $549k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $545,000
      Current use
      OFFICE BUILDING
      $700,000
      Change: +28% Conversion: Easy
      AUTO REPAIR, GARAGE
      $560,000
      Change: +3% Conversion: Difficult
      WAREHOUSE, STORAGE
      $475,000
      Change: -13% Conversion: Difficult

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7874
    Latitude
    43.5298
    CBSA code
    43620
    CBSA name
    SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $15,442
    $338,300
    $477,100
    $815,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $3,870,000
      28,320 SF

      3700 41st St

      RETAIL STORES (PERSONAL SERVICES)
      3700 41st St, Sioux Falls, SD 57106-0714
      View Details
    • Value Estimation by Request
      1,584 SF

      4216 Empire Pl

      Individual retail properties
      4216 Empire Pl, Sioux Falls, SD 57106
      View Details
    • Value Estimation by Request
      2,294 SF

      4600 Homefield Dr

      RETAIL STORES (PERSONAL SERVICES)
      4600 Homefield Dr, Sioux Falls, SD 57106
      View Details
    • Value Estimation
      $595,000
      4,870 SF

      3801 41st St

      RETAIL STORES (PERSONAL SERVICES)
      3801 41st St, Sioux Falls, SD 57106-0722
      View Details
    • Value Estimation
      $1,100,000
      11,880 SF

      2801 Carolyn Ave

      RETAIL STORES (PERSONAL SERVICES)
      2801 Carolyn Ave, Sioux Falls, SD 57106-0734
      View Details
    • Value Estimation by Request
      3,720 SF

      4633 Homefield Dr

      RETAIL STORES (PERSONAL SERVICES)
      4633 Homefield Dr, Sioux Falls, SD 57106-3511
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,500 SF

      Retail Space with Walk-In Cooler

      Retail property featuring a walk-in cooler and restroom.
      5512 W 41St St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      Pending

      Commercial Building with Ample Parking

      Stand-alone commercial building with easy access and ample parking.
      4701 W 12Th St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      4,995 SF

      Chick-Fil-A Ground Lease Opportunity

      20-year NNN lease with high-performing Chick-Fil-A.
      4005 W 41St St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing

      Agricultural Land on Corner Lot

      Over one acre of agricultural land with building eligibility.
      482Nd Ave, Brandon, SD 57106
      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Commercial land in a growing area with high development potential.
      26th St & Ellis Rd, Sioux Falls, SD 57106
      View Details
    • Contact for pricing

      Redevelopment Site at Crossroads

      26.24 acre redevelopment site with high traffic counts.
      4211 W 12Th St, Sioux Falls, SD 57106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,014 SF

      Retail Space on 41st Street

      Retail space for lease in premier shopping destination.
      3502-3510 W 41St St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      5,449 SF

      Retail Space Near Empire Mall

      Shell space available near major retail and high-traffic area.
      2804-2810 S Louise Ave, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      1,618 SF

      Retail Suites Available in Sioux Falls

      Retail suites available in high-traffic Sioux Falls location.
      4017-4027 W 41St St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      1,379 SF

      Retail Space on 41st Street

      Retail space with high visibility and easy highway access.
      3902 W 41St St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      3,605 SF

      Empire Mall Outlot Retail Space

      Retail space available on Empire Mall outlot.
      4200-4224 W Empire Pl, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      2,340 SF

      Retail Space in Sertoma Plaza

      Retail/office space in west Sioux Falls, available Spring 2019.
      6701-6717 W 41St St, Sioux Falls, SD 57106
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1740 Saint Michaels Cir
    Sioux Falls, SD 57106-3505
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1740 Saint Michaels Cir, Sioux Falls, SD, 57106
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!