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Property profile & analytics
OFF-MARKET
Estimated value
$3,000,000
Hotels
4545 Homefield Dr, Sioux Falls, SD 57106-3504
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US79-0050010
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Construction
FRAME
Total area
39,317 SF
Lot
1.94 ac (84,550 SF)
APN
65518
UPID
US79-0050010
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
-
TownePlace Suites Sioux Falls Hotel & Motel
-
4545 W. Homefield Dr. Parking Parking Lot & Garage
-
Tesla Destination Charger Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.40M
Comparable Approach
Comparable
$2.60M
Blend (final)
Blend
$3.00M
Owner & transaction history
Rk Hospitality LLC · 1 yrs held
Rk Hospitality LLC
since 2024
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.8M
+64.1%
Office building
$3.3M
+41.4%
Restaurant
$3.1M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,675,000
6.5%
$3,395,000
7%
$3,150,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,340,000
Current use
COMMERCIAL (GENERAL)
$3,840,000
Change: +64% · Conversion: Difficult
OFFICE BUILDING
$3,310,000
Change: +41% · Conversion: Difficult
RESTAURANT
$3,135,000
Change: +34% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,025,000
Change: +29% · Conversion: Difficult
MEDICAL BUILDING
$2,480,000
Change: +6% · Conversion: Difficult
RETAIL STORES
$2,070,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$3.00M
Range $2.70M – $3.30M · ±10%
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
$76 / 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
$64,840
Tax year 2022
Assessed value
$3,624,300
Assessed 2022
Previous assessed
$3,175,200
+14.1% YoY
Effective rate
1.79%
On assessed value
Assessed land
$929,900
Assessed improvement
$2,694,400
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
1997
Construction
FRAME
Heating
YES
Cooling
YES
Stories
3
Units
67
Rooms
67
Total area
39,317 SF
Lot
1.94 ac (84,550 SF)
APN
65518
UPID
US79-0050010
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
$2.3M
COMMERCIAL (GENERAL)
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.3M
RESTAURANT
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.0M
MEDICAL BUILDING
Est. value
$2.5M
RETAIL STORES
Est. value
$2.1M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RESTAURANT
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
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
1997
Construction
FRAME
Heating
YES
Cooling
Yes
Stories
3
Units
67
Rooms
67
Lot
1.94 ac
Current owner
From public records · entity-resolved
Rk Hospitality LLC
Entity
Mailing address
6312 S PINEHURST CT, SIOUX FALLS, SD 57108-2426
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Nov 19, 2024
—
Rk Hospitality LLC
—
Deed
related
$2,100,000 · First Dakota National Bank
Oct 22, 2018
—
Sita INC
—
Deed
related
$150,000 · First Dakota National Bank
Feb 2, 2017
—
Sita INC
—
Deed
related
—
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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