Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2000 41st St Sioux Falls, SD 57105-5441
    Back to Search
    Property profile & analytics

    2000 41st St, Sioux Falls, SD 57105-5441

    View on Map
    • Retail space
    • 5,000 SF
    • 0.91 lot acres
    Off-Market
    Last Sale Apr 2, 2020
    $3,083,500
    Property ID
    US79-0038053
    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
    $3,215,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Verizon Business Services / Business To Business Service
    • Verizon / Mobile Phone Store / Electronics & Wireless Store

    Property Details for 2000 41st St

    Year built
    2015
    Construction
    FRAME
    Lot size
    0.91 lot acres
    Zone code
    NO;SPECIAL NOTE
    Property type
    Retail space
    APN
    42770
    APU
    42770

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Apr 2, 2020 $3,083,500 Taylor Family Limited Partnership Rami Shankar LLC Warranty Deed $700k · First Dakota National Bank
    Oct 2, 2018 — Rami Shankar LLC — Deed · related $325k · First Dakota National Bank
    May 20, 2015 $1,275,000 Rami Shankar LLC John D Jones Deed —

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,470,000
      ML approach
      $3,230,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7502
    Latitude
    43.5154
    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
    $18,116
    $445,400
    $497,400
    $942,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      920 SF

      1312 Clf Ave

      RETAIL STORES (PERSONAL SERVICES)
      1312 Clf Ave, Sioux Falls, SD 57105-1027
      View Details
    • Value Estimation by Request
      1,104 SF

      1301 Duluth Ave

      RETAIL STORES (PERSONAL SERVICES)
      1301 Duluth Ave, Sioux Falls, SD 57105-0643
      View Details
    • Value Estimation by Request
      5.49 Acres

      1900 50th St

      RETAIL STORES (PERSONAL SERVICES)
      1900 50th St, Sioux Falls, SD 57105
      View Details
    • Value Estimation
      $1,400,000
      9,168 SF

      912 41st St

      RETAIL STORES (PERSONAL SERVICES)
      912 41st St, Sioux Falls, SD 57105-6321
      View Details
    • Value Estimation by Request
      5,016 SF

      1316 Clf Ave

      RETAIL STORES (PERSONAL SERVICES)
      1316 Clf Ave, Sioux Falls, SD 57105-1027
      View Details
    • Value Estimation
      $565,000
      16,805 SF

      1212 Clf Ave

      RETAIL STORES (PERSONAL SERVICES)
      1212 Clf Ave, Sioux Falls, SD 57105-1026
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      4,000 SF

      Retail Building with Parking

      Retail property with parking, updated facade, and security cameras.
      3800 S Western Ave, Sioux Falls, SD 57105
      View Details
    • $7,000,000

      Retail Center on Western Avenue

      Retail center with high-traffic location and on-site parking.
      1600 South Western Ave, Sioux Falls, SD 57105
      View Details
    • $7,000,000

      Retail Center on Western Avenue

      Retail center with high-traffic location and on-site parking.
      1600 South Western Ave, Sioux Falls, SD 57105
      View Details
    • Contact for pricing

      Rare Sioux Falls Building Site

      One-acre building site with mature trees in premier location.
      308 W Harpel Dr, Sioux Falls, SD 57105
      View Details
    • $3,500,000
      1.18 Acres

      Self Storage Facility Investment

      Storage facility positioned for consistent demand and low-maintenance income in Sioux Falls’ growing market.
      1400 S Van Epps Ave, Sioux Falls, SD 57105
      View Details
    • New
      $450,000
      2,420 SF

      Furnished Triplex in Sioux Falls

      Triplex with flexible rental potential near amenities in Sioux Falls.
      2504 S Summit Ave, Sioux Falls, SD 57105
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,575 SF

      Retail/Office Space on 41st Street

      End-cap retail/office space with high visibility and ample parking.
      3312 S Lincoln Ave, Sioux Falls, SD 57105
      View Details
    • Contact for pricing
      1,418 SF

      Retail Space on 41st Street

      Retail space with high traffic and prominent frontage.
      1501 W 41St St, Sioux Falls, SD 57105
      View Details
    • Contact for pricing
      2,262 SF

      Retail Space with Open Showroom

      End-cap suite with showroom, offices, and convenient access.
      1112-1224 W 41St St, Sioux Falls, SD 57105
      View Details
    • Contact for pricing
      1,250 SF

      Retail Space with Private Offices

      Retail space featuring private offices, open area, and breakroom.
      1500-1508 W 41St St, Sioux Falls, SD 57105
      View Details
    • Contact for pricing
      2,254 SF

      Retail Space on Western Avenue

      Retail space available immediately in high-traffic location on Western Avenue.
      1600-1714 S Western Ave, Sioux Falls, SD 57105
      View Details
    • Contact for pricing
      4,419 SF

      Retail Space Near Interstate 90

      Open retail space with storage and dressing rooms available for rent.
      2107-2211 W 49Th St, Sioux Falls, SD 57105
      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.
    2000 41st St
    Sioux Falls, SD 57105-5441
    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
    2000 41st St, Sioux Falls, SD, 57105
    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!