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    Property profile & analytics

    2109 49th St Sioux Falls, SD 57105-6549

    • Strip malls
    • 14,100 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimation
    $1,185,000
    Last Sale
    Mar 02, 2021
    $1,025,000
    Location Intelligence
    Property ID
    US79-0062483
    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.

    Current Use by Public Records

    • Atelier Photography Studio / Photography Studio
    • The Station Smoke Shop / Tobacco Shop
    • Divine Hair Design / Hair Salon

    Property Details for 2109 49th St

    Year built
    1984
    Lot size
    1.00 lot acres
    Property size
    14,100 SF
    Zone code
    FP;FP
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    55312
    APU
    55312

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $1,235,000

    • CAP approach

      CAP return
      Estimation
      6%
      $1,065,000
      6.5%
      $1,160,000
      7%
      $970,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,170,000
      Geo Method
      $905,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,025,000
      Retail
      $1,020,000
      Mixed-Use
      $1,120,000
      Hospitality
      $915,000
      Educational
      $1,160,000
      Residential Income
      $920,000
      Energy
      $855,000
      Income-Based Land
      $1,105,000
      Food Service
      $1,165,000

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7523
    Latitude
    43.5081
    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
    $20,040
    $294,300
    $753,100
    $1,047,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      67,645 SF

      2713 41st St

      SHOPPING CENTER, STRIP CENTER • 67,645 SF
      2713 41st St, Sioux Falls, SD 57105
      View Details
    • Value Estimation by Request
      0.57 Acres

      3508 Minnesota Ave

      SHOPPING CENTER, STRIP CENTER • 0.57 Acres
      3508 Minnesota Ave, Sioux Falls, SD 57105-6461
      View Details
    • Value Estimation by Request
      5,448 SF

      1900 Minnesota Ave

      SHOPPING CENTER, STRIP CENTER • 5,448 SF
      1900 Minnesota Ave, Sioux Falls, SD 57105-2813
      View Details
    • Value Estimation by Request
      16,902 SF

      2912 Minnesota Ave

      SHOPPING CENTER, STRIP CENTER • 16,902 SF
      2912 Minnesota Ave, Sioux Falls, SD 57105-5645
      View Details
    • Value Estimation by Request
      3,000 SF

      3408 Western Ave

      SHOPPING CENTER, STRIP CENTER • 3,000 SF
      3408 Western Ave, Sioux Falls, SD 57105-6109
      View Details
    • Value Estimation by Request
      14,664 SF

      3936 Western Ave

      SHOPPING CENTER, STRIP CENTER • 14,664 SF
      3936 Western Ave, Sioux Falls, SD 57105-6513
      View Details

    Similar Nearby for Sale

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      Retail Building with Parking

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    Similar Nearby for Lease

    • Contact for pricing
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      41st Street Marketplace Retail Space

      High-traffic Sioux Falls retail space available.
      1431 41St St, Sioux Falls, SD 57105
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      34,400 SF

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      Retail space in Costco-anchored power center on Sioux Falls' corridor.
      1401-1601 W 41St St, Sioux Falls, SD 57105
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    • $33 SF/Yr
      1,618 SF

      Retail Suites Available in Sioux Falls

      Retail suites available in high-traffic Sioux Falls location.
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      View Details
    • $8 SF/Yr
      360,262 SF

      Western Mall Office Space Available

      Prime Office Space, High Traffic Location
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    • $9 SF/Yr
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      Retail Showroom and Warehouse Space

      Retail/showroom and warehouse space with street frontage and signage.
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      View Details
    • $24 SF/Yr
      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
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    Sioux Falls, SD 57105-6549
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    Realmo Value Estimation

    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.

    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.

    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
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