Add Listing
    For Sale
    • 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

    Benson Road & La Mesa Sioux Falls, SD 57107

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Commercial land parcel with potential for multiple uses.

    Type:Land
    Added:
    Nov 21, 2025
    Days on Market:
    134
    Last Refresh:
    Apr 1 at 11:55 pm

    Property Features for Benson Road & La Mesa

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    Dennis Breske, MBA, CCIM, SIOR
    Dennis Breske, MBA, CCIM, SIOR

    Listing agent Dennis Breske, MBA, CCIM, SIOR License #20218

    Listing office NAI | Sioux Falls

    Listing date Nov 21, 2025

    Source Siouxfallscommercial

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI | Sioux Falls

    Overview

    Land Parcel in Sioux Falls

    This commercial land parcel is located at Benson Road & La Mesa in Sioux Falls, SD 57107. City water is available. City sewer connection is being studied. A hard surfaced road would need to be provided by the developers on the arterial roads. The land could be zoned to fit multiple uses, according to proposed land use plans. Parcel 3 is not for sale unless purchased with Parcel 1 or after Parcel 1 is sold and closed, and will be subject to a road easement that will provide access from Benson Road to Parcel 1.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7242
    Latitude
    43.5887

    Nearby Similar for Sale

    • $1,198,400
      2,942 SF

      Sioux Falls Executive Office Space

      Prime office space with golf course frontage in Sioux Falls.
      600 E TAN TARA Cir, Sioux Falls, SD 57108
      View Details
    • $1,100,000
      8,750 SF

      Sioux Falls Commercial Opportunity

      Two buildings near Sycamore Ave and Arrowhead Pkwy.
      600 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • $685,000
      5,200 SF

      Sioux Falls Four-Plex Townhomes

      Immaculately maintained four-plex in a desirable Sioux Falls location.
      2800 E Madison St unit: 1-4, Sioux Falls, SD 57103
      View Details
    • $650,000
      4,260 SF

      Well-Maintained Sioux Falls Fourplex

      Southeastern Sioux Falls fourplex with garages, fully leased.
      3005 S Cliff Ave, Sioux Falls, SD 57105
      View Details
    • $335,000
      2,082 SF

      Updated Duplex with Garages

      Well-maintained duplex near amenities with updated units and garages.
      616 618 N Garfield Ave, Sioux Falls, SD 57104
      View Details
    • $327,900
      2,119 SF

      Updated Duplex with Owner Potential

      Updated duplex in Sioux Falls with move-in ready unit.
      700 704 N Harrington Ave, Sioux Falls, SD 57103
      View Details
    • $409,900
      2,729 SF

      Sioux Falls Fourplex For Sale

      Four-unit building with recent renovations and new roof.
      201 N French Ave, Sioux Falls, SD 57103-1357
      View Details
    • $319,000

      Land in Sioux Falls Sanctuary

      0.84 acre of land in a growing community.
      0 Lt06-Bk04 E Knox Cir, Sioux Falls, SD 57110
      View Details
    • $370,000
      2,431 SF

      Sioux Falls Multifamily Investment Property

      Multifamily property with updated features and large backyard.
      5100 W 47 St, Sioux Falls, SD 57106
      View Details
    • $1,300
      850 SF

      Sioux Falls Office Space

      Office space near downtown Sioux Falls with reception and offices.
      120 S Indiana Ave unit: A, Sioux Falls, SD 57104
      View Details
    • $309,900
      2,478 SF

      Sioux Falls Duplex Investment Opportunity

      Well-maintained duplex near downtown Sioux Falls, ideal for investors.
      1012 W 8th St St E, Sioux Falls, SD 57104
      View Details
    • $319,000

      Land in Sanctuary, Sioux Falls

      0.83 acre land in a growing Sioux Falls community.
      0 Lt22-Bk10 N Sanctuary Dr, Sioux Falls, SD 57110
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land parcel with potential for multiple uses.
    Where is this land located?
    The property is located at Benson Road & La Mesa Sioux Falls, SD.
    What are key features of this property?
    This property features: City water available; Multiple uses possible via zoning, see proposed land use plans; City sewer connection being studied
    (605) 251-7625
    We can help!
    Listing Contact
    Dennis Breske, MBA, CCIM, SIOR
    Dennis Breske, MBA, CCIM, SIOR
    Real Estate License ID: 20218
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!