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Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Office buildings
3817 Technology Cir 3813 Sioux Falls, SD 57106-4233
Individually Owned
2-yr Hold
Free & Clear
Property ID
US79-0156957
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2019
Construction
FRAME
Total area
2,512 SF
Lot
0.23 ac (10,032 SF)
Zoning code
NO;SPECIAL NOTE
APN
90023
UPID
US79-0156957
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
$550k
Comparable Approach
Comparable
$350k
Blend (final)
Blend
$540k
Owner & transaction history
Paul J Geraets · 2 yrs held
Paul J Geraets
since 2024
Last sale
$541,000
1 recorded transaction
Zoning & alternative use
NO;SPECIAL NOTE · Sioux Falls, SD
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Sioux Falls submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Sioux Falls submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$540,000
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
$600,000
6.5%
$550,000
7%
$510,000
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $541k (Jul 5 2024)
Last sale anchor
$541k
Jul 5 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$215 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$6,551
Tax year 2022
Assessed value
$350,700
Assessed 2022
Previous assessed
$350,700
+0.0% YoY
Effective rate
1.87%
On assessed value
Assessed land
$55,200
Assessed improvement
$295,500
Applied tax rate
90,495.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2019
Construction
FRAME
Heating
YES
Stories
1
Total area
2,512 SF
Lot
0.23 ac (10,032 SF)
Zoning code
NO;SPECIAL NOTE
APN
90023
UPID
US79-0156957
Jurisdiction
MINNEHAHA
Zoning & alternative use
NO;SPECIAL NOTE · Sioux Falls, SDZoning NO;SPECIAL NOTE · permitted uses
NO;SPECIAL NOTE · Sioux Falls, SD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
CHAPTER 160: ZONING
Building & site characteristics
From public records
Year built
2019
Construction
FRAME
Heating
YES
Stories
1
Lot
0.23 ac
Current owner
From public records · entity-resolved
Paul J Geraets
Individual
Free & Clear · 2 yrs held
Mailing address
3817 W TECHNOLOGY CIR, SIOUX FALLS, SD 57106-4233
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 5, 2024
$541,000
Paul J Geraets
James O Hargens
Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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