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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    4300 Louise Ave Sioux Falls, SD 57106-3144

    • Office buildings
    • 15,975 SF
    • 1.06 lot acres
    OFF-MARKET
    Value Estimations
    $1,660,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0051678
    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

    • Aaron Smith Insurance Group / Insurance Agency
    • Comfort Keepers Home Care / Home Health Care Service / Hospice
    • Larsen & Larsen Auction Company / Trade Show Venue / (Bike/Boat/Book/etc) Store
    • Larry Dancler / Counselor / Psychiatrist
    • Elizabeth Crabtree / Physician

    Property Details for 4300 Louise Ave

    Year built
    1981
    Construction
    FRAME
    Lot size
    1.06 lot acres
    Property size
    15,975 SF
    Zone code
    FP;FP
    Property type
    Office buildings
    APN
    28632
    APU
    28632

    Description

    The Professional Center of Louise offers exceptional office space in a highly visible location along Louise Avenue near 49th Street in Minnehaha County. This traditional office building boasts a total of 15,858 square feet, divided into two suites. Currently, 2,600 square feet of space is immediately available, with a minimum divisible unit of 1,000 square feet, providing flexibility for various business needs. The building features convenient common area restrooms. Benefit from excellent visibility with monument signage along Louise Avenue, enjoying exposure to an impressive 22,100 vehicles daily. Ample parking is provided, with a generous ratio of one space per 278 square feet. This prime location offers easy access to 41st Street and I-229, placing your business within close proximity to a variety of shopping and dining options. The strategic location and available space make this an ideal opportunity for businesses seeking a prominent and convenient office presence. The building's design and amenities cater to the needs of multiple tenants, ensuring a comfortable and productive work environment. Contact us today to learn more about this exceptional opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,542,000
      Market price range: $1.17M - $2.54M
      AI Estimate
      $1,113,000
      Market price range: $628k - $1.84M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $1,860,000
      Current use
      AUTO REPAIR, GARAGE
      $1,495,000
      Change: -20% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7705
    Latitude
    43.5064
    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
    $20,402
    $462,500
    $1,083,600
    $1,546,100
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $9,170,000
      92,037 SF

      3901 53rd St

      OFFICE BUILDING • 92,037 SF
      3901 53rd St, Sioux Falls, SD 57106-4221
      View Details
    • Value Estimation
      $1,825,000
      16,908 SF

      3600 Westport Ave

      OFFICE BUILDING • 16,908 SF
      3600 Westport Ave, Sioux Falls, SD 57106-6342
      View Details
    • Value Estimation
      $1,015,000
      8,400 SF

      3409 Gtwy Blvd

      OFFICE BUILDING • 8,400 SF
      3409 Gtwy Blvd, Sioux Falls, SD 57106-8314
      View Details
    • Value Estimation by Request
      4,476 SF

      4105 Carnegie Pl

      OFFICE BUILDING • 4,476 SF
      4105 Carnegie Pl, Sioux Falls, SD 57106-2360
      View Details
    • Value Estimation by Request
      2,512 SF

      3809 Technology Cir

      OFFICE BUILDING • 2,512 SF
      3809 Technology Cir, Sioux Falls, SD 57106-4233
      View Details
    • Value Estimation by Request
      2,512 SF

      3811 Technology Cir

      OFFICE BUILDING • 2,512 SF
      3811 Technology Cir, Sioux Falls, SD 57106-4233
      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
    • $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
    • $5,300,000
      40,451 SF

      Valhalla Building: Prime Office Investment

      Fully Leased, High-Traffic Location
      4009 49Th St, 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
    • $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
    • $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

    • $550 /Mo
      7,424 SF

      Versatile Office Space Available Now

      Office space for lease with ample parking and shared restrooms.
      3710 S Westport Ave, Sioux Falls, SD 57106
      View Details
    • $2,255 /Mo

      Renovated Office Suite For Lease

      Recently renovated office suite with private restroom and entrance.
      3600 South Westport Ave Suite, Sioux Falls, SD 57106
      View Details
    • $15 SF/Yr
      3,768 SF

      Meadows Square Office Suites

      Prime Sioux Falls Office Space Available
      3801 34Th St, Sioux Falls, SD 57106
      View Details
    • $13 SF/Yr
      2,775 SF

      Turn-Key Office Space Available

      Office space with multiple offices, conference rooms, and amenities.
      2425 S Shirley Ave, Sioux Falls, SD 57106
      View Details
    • $5,300,000
      2,608 SF

      Sioux Falls Office Space Available

      Office space featuring open layout, private offices, and conference room.
      4009 W 49Th St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing

      Executive Office Suites Available

      Fully remodeled office space with shared amenities included in lease.
      3600 S Westport Ave, Sioux Falls, SD 57106
      View Details
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    4300 Louise Ave
    Sioux Falls, SD 57106-3144
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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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