Property profile

2505 Carolyn Ave Sioux Falls, SD 57106

OFF-MARKET
Hotels
Property ID
US79-0038132
68,684 SF 2.95 ac lot Built 2005
Entity Owned 3-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2005
Construction FRAME
Total area 68,684 SF
Lot 2.95 ac (128,546 SF)
Zoning code FP;FP
APN 24747
UPID US79-0038132

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

2505 Carolyn Ave Sioux Falls, SD 57106-4304
Sioux Falls metro Census 1109 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.93M
Comparable Approach Comparable
$4.33M
Blend (final) Blend
$5.13M

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

FP;FP · Sioux Falls, SD
Top alternative use upside
Commercial (general) $6.7M +64.1%
Office building $5.8M +41.4%
Restaurant $5.5M +34.0%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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