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Property profile & analytics
OFF-MARKET
Estimated value
$5,840,000
Hotels
4521 41st St, Sioux Falls, SD 57106-0917
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US79-0092716
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2014
Construction
FRAME
Total area
59,687 SF
Lot
1.99 ac (86,597 SF)
APN
86813
UPID
US79-0092716
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
-
La Quinta Inn & Suites by Wyndham Sioux Falls Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.21M
CAP Approach
CAP
$5.15M
Comparable Approach
Comparable
$4.35M
Blend (final)
Blend
$5.84M
Owner & transaction history
I 29 Hotel Development LLC · 5 yrs held
I 29 Hotel Development LLC
since 2020
Last sale
$5.7M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$5.8M
+64.1%
Office building
$5.0M
+41.4%
Restaurant
$4.8M
+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
$6,430,000
ML approach
$6,210,000
CAP Approach
CAP Return
Estimation
6%
$5,580,000
6.5%
$5,150,000
7%
$4,780,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,555,000
Current use
COMMERCIAL (GENERAL)
$5,830,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$5,025,000
Change: +41% · Conversion: Difficult
RESTAURANT
$4,760,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,595,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$3,765,000
Change: +6% · Conversion: Difficult
Blend value · Realmo final
$5.84M
Range $5.26M – $6.42M · ±10% · vs last sale $5.71M (Jul 31 2020)
Last sale anchor
$5.71M
Jul 31 2020
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
$98 / 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
$106,240
Tax year 2022
Assessed value
$6,053,800
Assessed 2022
Previous assessed
$5,832,400
+3.8% YoY
Effective rate
1.75%
On assessed value
Assessed land
$844,200
Assessed improvement
$5,209,600
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
2014
Construction
FRAME
Heating
YES
Cooling
YES
Stories
4
Units
89
Rooms
89
Total area
59,687 SF
Lot
1.99 ac (86,597 SF)
APN
86813
UPID
US79-0092716
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
HOTEL/MOTEL Current
Est. value
$3.6M
COMMERCIAL (GENERAL)
Est. value
$5.8M
OFFICE BUILDING
Est. value
$5.0M
RESTAURANT
Est. value
$4.8M
AUTO REPAIR, GARAGE
Est. value
$4.6M
MEDICAL BUILDING
Est. value
$3.8M
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
2014
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
4
Units
89
Rooms
89
Lot
1.99 ac
Current owner
From public records · entity-resolved
I 29 Hotel Development LLC
Entity
Mailing address
PO BOX 198, PLATTE, SD 57369-0198
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2021
—
1 29 Hotel Development LLC
—
Deed
related
$3,091,650 · American Bank & Trust Co
Dec 28, 2020
—
I 29 Hotel Development LLC
—
Deed
related
$1,907,000 · Dakota Business Finance
Jul 31, 2020
$5,711,000
I 29 Hotel Development LLC
Kelly Midwest Ventures LP
Warranty Deed
$4,984,000 · American Bank & Trust Co
Jun 14, 2019
—
Kelly Midwest Ventures LP
—
Deed
related
$6,500,000 · Us Bank NA
Nov 7, 2014
—
Kelly Midwest Ventures Limited Part
Not Provided
Warranty Deed
—
Oct 7, 2013
—
River Plaza INC,
Robert L Miller
Quit Claim Deed
related
—
Sep 11, 2013
$800,000
Gateway Hospitality INC, A South Da
River Plaza INC, A South Dakota Cor
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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