Retail Space For
For Sale
Contact for pricing
Pending
1014 E EIGHTH ST, Sioux Falls, SD 57103
Retail space with 1,560 SF available for purchase.
Property Size1,560 SF
Days on Market157
Property Features for 1014 E EIGHTH ST
General Information
Standard status
Pending
Size
1,560 SF
Property subtype
Retail, Hospitality
Zoning
Commercial
Building Details
Year Built
1915
Stories
2
Listing Agency:
Sioux Falls-Hegg Realtors
Listed By:
David Larson · License #SD 15652
Source:
Crexi
Added: May 14
Changed: Oct 3
Last Checked: Oct 16 at 7:01AM
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 Sioux Falls-Hegg Realtors
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Investment Insights
Based on property information with market context.
This retail space offers 1,560 square feet of area. The property is located in Sioux Falls, SD.
Key Highlights
- Retail space available
- Size: 1,560 SF
- Built in 1915
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,084
Cap Rate
3.62%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,680
$361.7K
Cap Rate 7%
$258,343
$258.3K
Cap Rate 9%
$200,933
$200.9K
Market Conditions
NOI Build-Up for 1,560 SF
Gross rent
$28.1K $18.00/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$25.8K $16.56/SF
− OpEx
−$7.8K −$4.97/SF
NOI
$18.1K $11.59/SF
Area
Sioux Falls, SD
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$361,680
Cap Rate 7%
$258,343
Cap Rate 9%
$200,933
Alternative Uses
Best Use
Retail
$258.3K
$226.1K – $301.4K
NOI $18,084 @ 7.0% cap · market cap 3.62%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$423.6K
$370.7K – $494.2K
NOI $29,652 @ 7.0% cap · market cap 5.93%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,248
Businesses Nearby
59k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Dining 87%
Shops & Services 10%
Home Improvements & Furnishings 3%
McDonald's
Dining
20,040 visits/mo
0.2 miles
Taco John's
Dining
11,958 visits/mo
0.5 miles
Burger King
Dining
9,132 visits/mo
0.3 miles
Little Caesars Pizza
Dining
6,629 visits/mo
0.1 miles
BP
Shops & Services
4,212 visits/mo
0.2 miles
Demographics for 57103, SD
36,069
Population
15,326
Households
2.4
Avg Household Size
37
Median Age
33%
College-Educated
91%
High-School Grad
9.5 sq mi
ZIP Area
3,797
Density / Sq Mi
$73,945
Median Household Income
$43,661
Median Earnings
$938
Median Rent
$244,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail property - Retail space with 1,560 SF available for purchase.
Where is this retail property located?
The property is located at 1014 E EIGHTH ST Sioux Falls, SD.
What is the asking price?
The asking price for this property is $500,000.
What are key features of this property?
This property features: Retail space available; Size: 1,560 SF; Built in 1915
