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Property profile & analytics
OFF-MARKET Estimated value $10,970,000
Office buildings

4811 4th Ave Sioux Falls, SD 57104-0405

111,104 SF 9.65 ac lot Built 1989
Entity Owned Free & Clear
Property ID
US79-0066585
Property summary
AI-generated overview

This exceptional investment opportunity presents a 111,104-square-foot office building situated on a 9.65-acre lot in Sioux Falls, South Dakota. Located within the Sioux Empire Development Park 2 in northeast Sioux Falls, this single-story building, constructed in 1988 and 1999, boasts a spacious layout ideal for a variety of uses, particularly call centers or large office operations. The property features a large open workspace capable of accommodating approximately 800 workstations, complemented by 24 private offices, six training rooms, and four conference rooms. Additional amenities include a full kitchen and cafeteria, a mail center, and three dedicated data rooms. The building is equipped with a sprinkler system and a standing seam roof, ensuring both safety and longevity. The property is zoned I-1 Light Industrial and offers convenient access to major thoroughfares including 60th Street North, Minnesota Avenue, Cliff Avenue, and Interstate 90. The asking price is $7,999,000, translating to $72 per square foot. This presents a compelling opportunity for investors seeking a substantial, well-maintained property in a thriving South Dakota market. The building's size, amenities, and strategic location make it an attractive prospect for a wide range of businesses.

Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1989
Construction STEEL FRAME
Total area 111,104 SF
Lot 9.65 ac (420,354 SF)
Zoning code NO;SPECIAL NOTE
APN 58317
UPID US79-0066585
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$12.68M
Blend (final) Blend
$10.97M
Owner & transaction history
NORWEST BANK SOUTH DAKOTA NA
NORWEST BANK SOUTH DAKOTA NA
Zoning & alternative use
NO;SPECIAL NOTE · Sioux Falls, SD
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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