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Property profile & analytics
OFF-MARKET
Estimated value
$5,050,000
Hotels
4304 Empire Pl, Sioux Falls, SD 57106-6525
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US79-0009822
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Construction
FRAME
Total area
54,098 SF
Lot
1.97 ac (85,683 SF)
Zoning code
C4;GENERAL COMMERCIAL
APN
46842
UPID
US79-0009822
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
Current use
Occupant on record · Public records
-
SpringHill Suites Sioux Falls Hotel & Motel
-
4304 W. Empire Place Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$5.78M
CAP Approach
CAP
$4.67M
Comparable Approach
Comparable
$3.66M
Blend (final)
Blend
$5.05M
Owner & transaction history
Ems Hospitality LLC · 3 yrs held
Ems Hospitality LLC
since 2023
Last sale
$5.0M
3 recorded transactions
Zoning & alternative use
C4;GENERAL COMMERCIAL · Sioux Falls, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.3M
+64.1%
Office building
$4.6M
+41.4%
Restaurant
$4.3M
+34.0%
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
$6,230,000
ML approach
$5,775,000
CAP Approach
CAP Return
Estimation
6%
$5,055,000
6.5%
$4,670,000
7%
$4,335,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,220,000
Current use
COMMERCIAL (GENERAL)
$5,285,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$4,555,000
Change: +41% · Conversion: Difficult
RESTAURANT
$4,315,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,165,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$3,410,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$5.05M
Range $4.55M – $5.56M · ±10% · vs last sale $4.98M (May 30 2023)
Last sale anchor
$4.98M
May 30 2023
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
$93 / 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
$89,436
Tax year 2022
Assessed value
$5,091,000
Assessed 2022
Previous assessed
$5,091,000
+0.0% YoY
Effective rate
1.76%
On assessed value
Assessed land
$878,000
Assessed improvement
$4,213,000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
2007
Construction
FRAME
Heating
YES
Stories
4
Units
84
Rooms
84
Total area
54,098 SF
Lot
1.97 ac (85,683 SF)
Zoning code
C4;GENERAL COMMERCIAL
APN
46842
UPID
US79-0009822
Jurisdiction
MINNEHAHA
Zoning & alternative use
C4;GENERAL COMMERCIAL · Sioux Falls, SD
Zoning C4;GENERAL COMMERCIAL · permitted uses
C4;GENERAL COMMERCIAL · Sioux Falls, SD
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Sioux Falls. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$5.3M
OFFICE BUILDING
Est. value
$4.6M
RESTAURANT
Est. value
$4.3M
AUTO REPAIR, GARAGE
Est. value
$4.2M
MEDICAL BUILDING
Est. value
$3.4M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
YES
Stories
4
Units
84
Rooms
84
Lot
1.97 ac
Current owner
From public records · entity-resolved
Ems Hospitality LLC
Entity
Mailing address
4424 S TECHNOLOGY DR, SIOUX FALLS, SD 57106-4236
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 30, 2023
$4,980,000
Ems Hospitality LLC
Main And Main LLC
Warranty Deed
$6,090,000 · Cs Bank
Apr 4, 2022
$168,000
Soukup Construction
Sioux Falls Development Foundation
Warranty Deed
—
Aug 23, 2021
$400,000
Marlene M Kriech
Paul Fick Homes INC
Warranty Deed
$114,900 · First Bank & Trust
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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