Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    47219 Hobbs Cir Sioux Falls, SD 57107-6438

    • Distribution centers
    • 8,400 SF
    • 1.77 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0034107
    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

    • XFreight / Trucking Company
    • Rock River Transit Inc / Trucking Company

    Property Details for 47219 Hobbs Cir

    Year built
    1990
    Lot size
    1.77 lot acres
    Property size
    8,400 SF
    Zone code
    I1;LIGHT INDUSTRIAL
    Property type
    Distribution centers
    APN
    15172
    APU
    15172

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7675
    Latitude
    43.6432
    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
    $5,597
    $70,800
    $289,900
    $360,700
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $510,000
      36.85 Acres

      5051 Foundation Ct

      DISTRIBUTION WAREHOUSE • 36.85 Acres
      5051 Foundation Ct, Sioux Falls, SD 57107-6471
      View Details
    • Value Estimation
      $5,595,000
      75,460 SF

      4815 Northview Ave

      DISTRIBUTION WAREHOUSE • 75,460 SF
      4815 Northview Ave, Sioux Falls, SD 57107-0865
      View Details
    • Value Estimation by Request
      9.68 Acres

      4920 Foundation Ct

      DISTRIBUTION WAREHOUSE • 9.68 Acres
      4920 Foundation Ct, Sioux Falls, SD 57107-6492
      View Details
    • Value Estimation
      $1,390,000
      20,646 SF

      3601 Tickman St

      DISTRIBUTION WAREHOUSE • 20,646 SF
      3601 Tickman St, Sioux Falls, SD 57107-0122
      View Details
    • Value Estimation by Request
      544,540 SF

      5500 Wireless St

      Refrigerated & Cold Storages • 544,540 SF
      5500 Wireless St, Sioux Falls, SD 57107
      View Details
    • Value Estimation
      $1,345,000
      15,000 SF

      2410 54th N St

      DISTRIBUTION WAREHOUSE • 15,000 SF
      2410 54th N St, Sioux Falls, SD 57107-2113
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Industrial Land: Sioux Falls, SD

      Prime I-1 zoned land, ideal for various uses.
      2955 Maple St, Sioux Falls, SD 57107
      View Details
    • Contact for pricing
      9.70 Acres

      Sioux Falls Industrial Land - 9.7 Acres

      Prime I-90 Commercial/Industrial Land
      5505 Annika Ave, Sioux Falls, SD 57107
      View Details
    • Contact for pricing
      68.90 Acres

      Musso Land: Prime Development Opportunity

      68.9 Acres, Sioux Falls, SD - Ag, Commercial, Industrial Potential
      SD 57107 Sioux Fls, Sioux Falls, SD 57107
      View Details
    • $600,726
      2.51 Acres

      Sioux Falls Industrial Land - 2.51 Acres

      Prime Light Industrial Land, I-29 Access
      3601 Innovation St, Sioux Falls, SD 57107
      View Details
    • Contact for pricing
      2,314 SF

      Sioux Falls Commercial Flex Space

      Flex space for storage or shop in Sioux Falls, SD.
      601 S Watson Ave, Sioux Falls, SD 57107
      View Details
    • $274,428
      1.05 Acres

      Green Valley Industrial Land for Sale

      1.05-acre lot, prime industrial location
      0 Dominic St, Sioux Falls, SD 57107
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      145,200 SF

      Alloy1: Premier Sioux Falls Industrial Space

      Modern Manufacturing/Flex Facility, 145,200 SF
      5400 Career Ave, Sioux Falls, SD 57107
      View Details
    • $7 SF/Yr
      13,728 SF

      Sioux Falls Warehouse - 13,728 SF

      1.16-acre industrial warehouse, fully vacant.
      25773 Cottonwood Ave, Sioux Falls, SD 57107
      View Details
    • $7 SF/Yr
      544,540 SF

      The Docks Industrial Park: Sioux Falls

      Class A Industrial Space: Flexible Options Available
      5500 Wireless St, Sioux Falls, SD 57107
      View Details
    • $7 SF/Yr
      22,145 SF

      Sioux Falls Warehouse - 22,145 SF

      Class A warehouse, 1.85 acres, immediate occupancy.
      47187 Winter Pl, Sioux Falls, SD 57107
      View Details
    • Contact for pricing
      10,000 SF

      Interchange Business Park Warehouses

      Modern Sioux Falls warehouse space available.
      5501 Interchange Ave, Sioux Falls, SD 57107
      View Details
    • $8 SF/Yr
      28,800 SF

      Boyce Park Warehouse Space Available

      Modern Sioux Falls Warehouse, Flex Space
      4925 Frank Boyce Dr, Sioux Falls, SD 57107
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    47219 Hobbs Cir
    Sioux Falls, SD 57107-6438
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.