4500 Oakwood PlSioux Falls, SD 57110

Property Details for 4500 Oakwood Pl

Year built

1960

Construction

FRAME

Lot size

0.78 AC

Property size (Sq ft)

4,948 SF

Property type

Office buildings

APN

62994

APU

62994

Description

This exceptional 4,948-square-foot executive office building presents a unique investment opportunity in Sioux Falls, South Dakota. Situated on a generous 0.78-acre lot (34,066 sq ft), this two-story property, built in 1960, boasts a main level of 2,546 square feet and a lower level of 2,402 square feet. The building features two reception areas, three fireplaces, five offices, two conference areas, a kitchenette and break area, and two bathrooms (one with a shower in the lower level). Ample storage is available, along with an attached utility/storage garage. Exterior amenities include grade access to the main floor and walk-out access to the lower level, an extensive deck (replaced in 2024), a private gated drive, a water feature at the main entrance, and a monument sign at the lower level entrance. The property is nestled amongst mature oak trees and rolling hills, offering a serene and picturesque setting. The Oakwood Hills Estates Association maintains the roadway. Annual property taxes are $7,543.12. The property is currently zoned for office use (O), but the City of Sioux Falls may consider rezoning to residential. This property offers a blend of classic charm and modern functionality, making it ideal for a variety of business uses. The expansive lot and tranquil setting provide a unique and desirable location for discerning buyers.

• CAP approach

  CAP return

  Valuation

  6%

  $764,178

  6.5%

  $705,395

  7%

  $655,010

• Comparable approach

  Method

  Valuation

  Relative Method

  $252,546

  Geo Method

  $252,546

• Alternative Use

  Use

  Valuation

  Residential

  $874,690

  Hospitality

  $801,211

  Educational

  $666,598

  Medical

  $689,524

  Retail

  $1,036,930

Location Insight

City

Sioux Falls

County

Minnehaha

State

South Dakota

Latitude

43.563

Longitude

-96.671

CBSA code

43620

CBSA name

SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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