Retail Space For
1014 E EIGHTH ST Sioux Falls, SD 57103
For Sale
Contact for pricing
Pending
Retail space with 1,560 SF available for purchase.
Property Size1,560 SF
Days on Market75
Property Features for 1014 E EIGHTH ST
General Information
- Standard status
- Pending
- Size
- 1,560 SF
- Property subtype
- Retail, Hospitality
Building Details
- Year Built
- 1915
Listing Agency:
Sioux Falls-Hegg Realtors
Listed By:
David Larson · License #SD 15652
Source:
Crexi
Added: May 14
Changed: Jul 10
Last Checked: Jul 25 at 1:58PM
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
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 For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $28.1k | $18.00 |
| − Vacancy | −$2.2k | −$1.44 |
| EGI | $25.8k | $16.56 |
| − OpEx | −$7.8k | −$4.97 |
| NOI | $18.1k | $11.59 |
1,560 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Trophy Box
(Bike/Boat/Book/etc) Store
Walters Hi Ho ...
Bar & Pub
FAQs
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
