Property profile

3801 Elmwood Ave Sioux Falls, SD 57105

OFF-MARKET
Medical Office Space
Property ID
US79-0049877
8,560 SF 1.86 ac lot Built 1991
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 1991
Construction FRAME
Total area 8,560 SF
Lot 1.86 ac (80,934 SF)
Zoning code NO;SPECIAL NOTE
APN 59498
UPID US79-0049877

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
  • Medical Clinic Ophthalmologist
  • Ophthalmologist
  • Physician
  • Physician
  • Physician

Location

3801 Elmwood Ave Sioux Falls, SD 57105-6565
Sioux Falls metro Census 1109 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$480k
CAP Approach CAP
by Request
Comparable Approach Comparable
$702k
Blend (final) Blend
$590k

Owner & transaction history

since 2022
1 recorded transaction
2022
Price N/A

Zoning & alternative use

NO;SPECIAL NOTE · Sioux Falls, SD
Top alternative use upside
Commercial (general) $835,000 +57.7%
Office building $755,000 +42.5%
Retail stores $755,000 +42.0%

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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