3701 49th St Sioux Falls, SD 57106-4241
Property Lookup
Property profile & analytics
3701 49th St Sioux Falls, SD 57106-4241
- Office buildings
- 27,223 SF
- 1.53 lot acres
Property ID
US79-0070843
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.
Location Intelligence
Current Use by Public Records
- Grevco Inc / Auto Repair Shop
- Volbrecht Marie PHD / Physician / Medical Clinic
- Joan L. Benz, PHD, MSW, CSW-PIP, LLC / Foster Care Service / Social Service Agency
- AAA South Dakota Sioux Falls - 49th Street / Insurance Agency
- Jacob Cox - Wedding Officiant / Wedding Service
Property Details for 3701 49th St
- Year built
- 1986
- Construction
- FRAME
- Lot size
- 1.53 lot acres
- Property size
- 27,223 SF
- Zone code
- FP;FP
- Property type
- Office buildings
- APN
- 35068
- APU
- 35068
Description
This exceptional investment opportunity presents a fully leased, 47,896 square foot office complex situated on a prominent 2.94-acre corner lot in Sioux Falls, South Dakota. The property, comprised of two buildings, boasts 31 tenants, achieving 100% occupancy and generating a strong net operating income (NOI) of $319,311, representing a 7.02% cap rate. Priced at $4,550,000 ($95/sq ft), this Class B office building offers significant upside potential. The property features a modified lease structure with short-term leases, strategically positioned to facilitate redevelopment or a buy-and-hold strategy with the potential to convert to long-term NNN leases at market rates. The location benefits from high traffic counts on W 49th Street (approx. 11,800 vehicles/day) and S Louise Avenue (approx. 23,300 vehicles/day), and enjoys excellent visibility due to its hard corner location and a billboard. The land itself is valued at $35 per square foot, totaling 127,995 square feet. The permitted zoning is retail, offering further flexibility for future development. Nearby prominent businesses include the Empire Mall, Hy-Vee, and Target. This property presents a compelling combination of immediate income and significant long-term redevelopment potential in a thriving Sioux Falls location. The property is zoned for retail use. The total frontage is 716 feet.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,721,000
- AI Estimate
- $1,965,000
Market price range: $1.99M - $4.33MMarket price range: $1.07M - $3.14M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $3,175,000 Current use
- AUTO REPAIR, GARAGE
- $2,550,000 Change: -20% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Minnehaha
- State
- South Dakota
- Longitude
- -96.7717
- Latitude
- 43.5071
- 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
$50,896
$665,900
$2,062,500
$2,728,400
-
$0.00
$0.00
$0.00
