Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3205 Carolyn Ave Sioux Falls, SD 57106-0744

    • Industrial properties
    • 1.43 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0053925
    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

    • Industrial properties

    Property Details for 3205 Carolyn Ave

    Year built
    1998
    Construction
    CONCRETE
    Lot size
    1.43 lot acres
    Zone code
    C4;GENERAL COMMERCIAL
    Property type
    Industrial properties
    APN
    71976
    APU
    71976

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7787
    Latitude
    43.5165
    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
    $0.00
    $0.00
    $49,700
    $49,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      2101 Ellis Rd

      HEAVY INDUSTRIAL
      2101 Ellis Rd, Sioux Falls, SD 57106
      View Details
    • Value Estimation by Request
      144 SF

      5008 14th St

      HEAVY INDUSTRIAL • 144 SF
      5008 14th St, Sioux Falls, SD 57106-0344
      View Details
    • Value Estimation by Request

      1701 Ellis Rd

      Land
      1701 Ellis Rd, Sioux Falls, SD 57106
      View Details
    • Value Estimation by Request
      0.50 Acres

      3201 Ellis Rd

      Land • 0.50 Acres
      3201 Ellis Rd, Sioux Falls, SD 57106
      View Details
    • Value Estimation by Request
      11,105 SF

      2519 Shirley Ave

      Distribution properties • 11,105 SF
      2519 Shirley Ave, Sioux Falls, SD 57106
      View Details
    • Value Estimation by Request
      1,060 SF

      3512 Gtwy Ln, Unit 104

      WAREHOUSE, STORAGE • 1,060 SF
      3512 Gtwy Ln, Sioux Falls, SD 57106-8316
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      0.50 Acres

      Sioux Falls Commercial Land Investment

      Prime Ellis Road location, high-growth area.
      3201 Ellis Rd, Sioux Falls, SD 57106
      View Details
    • $1,000,000
      Pending

      Functional Industrial Property in Sioux Falls

      Well-maintained industrial property with flexible space and convenient access.
      701 E 48Th St N, Sioux Falls, SD 57106
      View Details
    • Contact for pricing
      2.64 Acres

      Kinect Shoreline: Retail Spaces Available

      Prime Shoreline retail, high foot traffic.
      2750 Lorraine Pl, Sioux Falls, SD 57106
      View Details
    • $424,710
      32,670 SF

      Corner Lot in Dawley Office

      Commercial land in a growing mixed-use development.
      5102 E 26Th St, Sioux Falls, SD 57106
      View Details
    • $614,960

      Commercial Land in Growing Area

      Commercial land near business center, airport, and technical institute.
      4001 34Th St, Sioux Falls, SD 57106
      View Details
    • $990,000
      4,476 SF

      Remodeled Office Space For Sale

      Remodeled office space near 49th Street and Louise Avenue.
      4105 S Carnegie Pl, Sioux Falls, SD 57106
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Sioux Falls Land - Build to Suit

      4.38 acres, high traffic, ideal for commercial development.
      1701 Ellis Rd, Sioux Falls, SD 57106
      View Details
    • $8 SF/Yr
      35,000 SF

      Versatile Flex Space Available

      Adaptable flex space with warehouse and office components for rent.
      3901 W 53Rd St, Sioux Falls, SD 57106
      View Details
    • $15 SF/Yr
      2,340 SF

      Sertoma Plaza Office Space Available

      Prime Sioux Falls Office Space, High Visibility
      6701 41St St, Sioux Falls, SD 57106
      View Details
    • $18 SF/Yr

      Restaurant Building on Large Lot

      10,765 SF restaurant on 2.23 acres for lease.
      4301 W 41St St, Sioux Falls, SD 57106
      View Details
    • $14 SF/Yr
      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
    • $17 SF/Yr
      10,584 SF

      Retail Space Near Harmodon Park

      Retail space available near Harmodon Park and future middle school.
      4600 E 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.
    3205 Carolyn Ave
    Sioux Falls, SD 57106-0744
    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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.