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    Property profile & analytics

    4521 41st St Sioux Falls, SD 57106-0917

    • Hotels
    • 59,687 SF
    • 1.99 lot acres
    OFF-MARKET
    Last Sale
    Jul 31, 2020
    $5,711,000
    Value Estimations
    $6,250,000
    Show details
    Cap Rate Potential
    5.2%
    Hotels
    Location Intelligence
    Property ID
    US79-0092716
    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

    • La Quinta Inn & Suites by Wyndham Sioux Falls / Hotel / Inn

    Property Details for 4521 41st St

    Year built
    2014
    Construction
    FRAME
    Lot size
    1.99 lot acres
    Property size
    59,687 SF
    Property type
    Hotels
    APN
    86813
    APU
    86813

    Value 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

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $4,350,000
      Market price range: $1.03M - $6.16M

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7831
    Latitude
    43.5141
    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
    $106,240
    $844,200
    $5,209,600
    $6,053,800
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $410,000
      29,356 SF

      3005 Carolyn Ave

      HOTEL • 29,356 SF
      3005 Carolyn Ave, Sioux Falls, SD 57106-0730
      View Details
    • Value Estimation
      $860,000
      39,317 SF

      4545 Homefield Dr

      HOTEL • 39,317 SF
      4545 Homefield Dr, Sioux Falls, SD 57106-3504
      View Details
    • Value Estimation
      $895,000
      44,980 SF

      1109 Lyons Ave

      HOTEL • 44,980 SF
      1109 Lyons Ave, Sioux Falls, SD 57106-3983
      View Details
    • Value Estimation
      $5,820,000
      33,125 SF

      3208 Carolyn Ave

      HOTEL • 33,125 SF
      3208 Carolyn Ave, Sioux Falls, SD 57106-0727
      View Details
    • Value Estimation
      $7,760,000
      42,553 SF

      4509 Empire Pl

      HOTEL • 42,553 SF
      4509 Empire Pl, Sioux Falls, SD 57106-6506
      View Details
    • Value Estimation
      $6,170,000
      54,098 SF

      4304 Empire Pl

      HOTEL • 54,098 SF
      4304 Empire Pl, Sioux Falls, SD 57106-6525
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Prime Shoreline retail, high foot traffic.
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      Remodeled Office Space For Sale

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      Development Land Near 12th Street

      Development land with frontage on West 12th Street.
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    Similar Nearby for Lease

    • $16 SF/Yr
      18,017 SF

      Westridge Mall Retail Space Available

      Prime Sioux Falls Shopping Center, Multiple Units
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      View Details
    • $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
    • 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.
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      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
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    4521 41st St
    Sioux Falls, SD 57106-0917
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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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