4220 38Th StSioux Falls, SD 57106

Property Details for 4220 38Th St

Year built

2002

Construction

FRAME

Lot size

0.24 AC

Property size (Sq ft)

3,312 SF

Property type

Office properties

Property subtype

Office buildings

APN

75055

APU

75055

Description

This single-story, 3,312 square foot Class B office building in Sioux Falls, South Dakota, presents a fantastic owner-user investment opportunity. Located at 4220 W 38th St, this property sits on a 3.675-acre lot and is zoned C-4. Built in 2000, the building features a functional layout ideal for various professional uses, including medical or traditional office spaces. The interior includes a reception/waiting area, multiple offices, a conference room, kitchenette, copy room, ample storage, and parking for fourteen vehicles. Most furniture, including desks, a conference table and chairs, and a copy machine, is included with an accepted offer. The asking price is $525,000, translating to $158.51 per square foot. This turnkey property offers immediate occupancy and significant potential for a variety of businesses. The property's APN is 75055.

• CAP approach

  CAP return

  Valuation

  6%

  $511,533

  6.5%

  $472,184

  7%

  $438,457

• Comparable approach

  Method

  Valuation

  Relative Method

  $169,044

  Geo Method

  $169,044

• Alternative Use

  Use

  Valuation

  Residential

  $585,508

  Hospitality

  $536,322

  Educational

  $446,214

  Medical

  $461,560

  Retail

  $694,110

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.5182

Longitude

-96.7783

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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