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    Property profile & analytics

    4210 53rd St Sioux Falls, SD 57106

    • Office buildings
    • 31,722 SF
    • 2.87 lot acres
    OFF-MARKET
    Last Sale
    Apr 24, 2024
    $3,440,500
    Value Estimations
    $3,400,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0080806
    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

    • Office buildings

    Property Details for 4210 53rd St

    Year built
    2000
    Construction
    TYPE NOT SPECIFIED
    Lot size
    2.87 lot acres
    Property size
    31,722 SF
    Zone code
    NO;SPECIAL NOTE
    Property type
    Office buildings
    APN
    63522
    APU
    63522

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,440,000
      ML approach
      $3,440,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,323,000
      Market price range: $2.32M - $5.05M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7755
    Latitude
    43.5037
    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
    2024
    $67,140
    $718,200
    $119,800
    $838,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $475,000
      1,344 SF

      3507 Marion Rd

      OFFICE BUILDING • 1,344 SF
      3507 Marion Rd, Sioux Falls, SD 57106-1384
      View Details
    • Value Estimation
      $615,000
      4,419 SF

      26767 466th Ave

      OFFICE BUILDING • 4,419 SF
      26767 466th Ave, Sioux Falls, SD 57106-6902
      View Details
    • Value Estimation by Request
      1.56 Acres

      4509 Louise Ave

      OFFICE BUILDING • 1.56 Acres
      4509 Louise Ave, Sioux Falls, SD 57106-2209
      View Details
    • Value Estimation
      $425,000
      6,610 SF

      2501 Louise Ave

      OFFICE BUILDING • 6,610 SF
      2501 Louise Ave, Sioux Falls, SD 57106-4325
      View Details
    • Value Estimation
      $425,000
      7,200 SF

      6001 12th St

      OFFICE BUILDING • 7,200 SF
      6001 12th St, Sioux Falls, SD 57106-0247
      View Details
    • Value Estimation
      $325,000
      5,494 SF

      4300 Arway Dr

      OFFICE BUILDING • 5,494 SF
      4300 Arway Dr, Sioux Falls, SD 57106
      View Details

    Similar Nearby for Sale

    • $1,479,000
      12,908 SF

      Sioux Falls Office Building

      Two-story office building with included FF&E for sale.
      3900 W 53Rd St, Sioux Falls, SD 57106
      View Details
    • $5,300,000
      40,451 SF

      Valhalla Building: Prime Office Investment

      Fully Leased, High-Traffic Location
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    • $951,350
      2.24 Acres

      Prime Sioux Falls Commercial Land

      2.24 Acres, Office/Retail Zoning
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    • $1,119,000
      4,476 SF

      Prime Sioux Falls Office Building

      Executive & Traditional Office Space, $1.1M
      4105 Carnegie Pl, Sioux Falls, SD 57106
      View Details
    • $1,050,000
      5,023 SF

      Technopolis Office Building, Sioux Falls

      Prime Office Space, Sioux Falls, SD
      4912 Technopolis Dr, Sioux Falls, SD 57106
      View Details
    • $660,000
      4,400 SF

      Accessible Office Condo For Sale

      Office condo near 41st St and I-29 with ample storage.
      3205 S Meadow Ave, Sioux Falls, SD 57106
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,800 SF

      Westown Marketplace: Office/Retail Space

      Prime Sioux Falls Coworking Space
      8000 41St St, Sioux Falls, SD 57106
      View Details
    • $12 SF/Yr
      18,331 SF

      Oxbow Village Retail Space

      Sioux Falls retail space, high visibility.
      3400 49Th St, Sioux Falls, SD 57106
      View Details
    • $18 SF/Yr
      2,949 SF

      Sioux Falls Office Space Available

      Office spaces for lease with abundant natural light and parking.
      3904 W Technology Cir, Sioux Falls, SD 57106
      View Details
    • $20 SF/Yr
      498 SF

      Open Office Suite on Louise

      Main level office suite with ample windows and parking.
      4309 S Louise Ave, 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
    • $12 SF/Yr
      2,600 SF

      Professional Office Space For Rent

      Main level office space available in high-traffic location.
      4300 S Louise Ave, Sioux Falls, SD 57106
      View Details
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    4210 53rd St
    Sioux Falls, SD 57106
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    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
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