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    Property profile & analytics

    2801 Carolyn Ave Sioux Falls, SD 57106-0734

    • Retail space
    • 11,880 SF
    • 3.05 lot acres
    OFF-MARKET
    Value Estimation
    $1,220,000
    Last Sale
    Aug 08, 2022
    $1,100,000
    Location Intelligence
    Property ID
    US79-0042058
    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

    • Goalsetter Sioux Falls SD / Outdoor Sports Store
    • Rainbow Play Midwest - Sioux Falls / Playground Equipment Supplier / Basketball Court Contractor

    Property Details for 2801 Carolyn Ave

    Year built
    1970
    Construction
    STEEL FRAME
    Lot size
    3.05 lot acres
    Property size
    11,880 SF
    Zone code
    FP;FP
    Property type
    Retail space
    APN
    27857
    APU
    27857

    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%
      $1,160,000
      6.5%
      $1,155,000
      7%
      $1,135,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $1,235,000
      Geo Method
      $1,085,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $1,245,000
      Retail
      $1,090,000
      Mixed-Use
      $1,480,000
      Hospitality
      $1,515,000
      Educational
      $1,325,000
      Residential Income
      $1,515,000
      Energy
      $1,430,000
      Income-Based Land
      $1,245,000
      Food Service
      $1,395,000

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7793
    Latitude
    43.519
    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
    $28,703
    $931,000
    $487,400
    $1,418,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      25,217 SF

      3407 Louise Ave

      RETAIL STORES (PERSONAL SERVICES) • 25,217 SF
      3407 Louise Ave, Sioux Falls, SD 57106
      View Details
    • Value Estimation by Request
      8,111 SF

      4000 57th St

      RETAIL STORES (PERSONAL SERVICES) • 8,111 SF
      4000 57th St, Sioux Falls, SD 57106-4228
      View Details
    • Value Estimation by Request
      7,488 SF

      2720 Louise Ave

      RETAIL STORES (PERSONAL SERVICES) • 7,488 SF
      2720 Louise Ave, Sioux Falls, SD 57106-4316
      View Details
    • Value Estimation by Request
      14,736 SF

      7120 41st St

      RETAIL STORES (PERSONAL SERVICES) • 14,736 SF
      7120 41st St, Sioux Falls, SD 57106-6006
      View Details
    • Value Estimation by Request
      8,500 SF

      5221 18th St

      RETAIL STORES (PERSONAL SERVICES) • 8,500 SF
      5221 18th St, Sioux Falls, SD 57106-3960
      View Details
    • Value Estimation
      $1,800,000
      9,928 SF

      2701 Carolyn Ave

      RETAIL STORES (PERSONAL SERVICES) • 9,928 SF
      2701 Carolyn Ave, Sioux Falls, SD 57106
      View Details

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      Retail space available near schools and colleges with parking.
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      Meadows Square Office Suites

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    Sioux Falls, SD 57106-0734
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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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