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Property profile & analytics
OFF-MARKET
Estimated value
$6,235,000
Hotels
4509 Empire Pl, Sioux Falls, SD 57106-6506
Entity Owned
3-yr Hold
Free & Clear
Property ID
US79-0031920
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1993
Construction
FRAME
Total area
42,553 SF
Lot
2.15 ac (93,480 SF)
APN
61293
UPID
US79-0031920
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
-
Residence Inn Sioux Falls Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.35M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.24M
Owner & transaction history
Emr Hospitality LLC · 3 yrs held
Emr Hospitality LLC
since 2023
Last sale
$6.2M
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$10.1M
+300.1%
Commercial (general)
$4.2M
+64.1%
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
$7,760,000
ML approach
$7,350,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$10,135,000
Change: +300% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,155,000
Change: +64% · Conversion: Difficult
Blend value · Realmo final
$6.24M
Range $5.61M – $6.86M · ±10% · vs last sale $6.20M (Mar 31 2023)
Last sale anchor
$6.20M
Mar 31 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
$147 / 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
$72,968
Tax year 2022
Assessed value
$4,126,000
Assessed 2022
Previous assessed
$4,126,000
+0.0% YoY
Effective rate
1.77%
On assessed value
Assessed land
$654,200
Assessed improvement
$3,471,800
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
1993
Construction
FRAME
Heating
YES
Cooling
CENTRAL
Buildings
2
Stories
3
Units
66
Rooms
66
Total area
42,553 SF
Lot
2.15 ac (93,480 SF)
APN
61293
UPID
US79-0031920
Jurisdiction
MINNEHAHA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE
Est. value
$10.1M
COMMERCIAL (GENERAL)
Est. value
$4.2M
WAREHOUSE, STORAGE
COMMERCIAL (GENERAL)
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
1993
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Buildings
2
Units
66
Rooms
66
Lot
2.15 ac
Current owner
From public records · entity-resolved
Emr Hospitality LLC
Entity
Free & Clear · 3 yrs held
Mailing address
4424 S TECHNOLOGY DR STE #400, 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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 31, 2023
$6,200,000
Emr Hospitality LLC
Supreme Bright Tri State V LLC
Special Warranty Deed
—
Dec 22, 2022
$4,000,000
Supreme Bright Tri State V LLC
Cy Heritage Inn Of Sioux Falls LP
Special Warranty Deed
$2,991,000 · Interbank
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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