Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Development Land Near Foundation Park Title is generated by Realmo AI

    4001 W Memory Ln, Sioux Falls, SD

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Development land with easy access to I-90 and I-29.

    Type:LAND
    Lot size:
    68.90 Acres
    Added:
    Jul 26, 2024
    Days on Market:
    660
    Last Refresh:
    Apr 5 at 11:14 pm

    Property Features for 4001 W Memory Ln

    General Information

    Standard status
    Active
    Lot size
    68.90 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Raquel Blount, SIOR

    Listing agent Raquel Blount, SIOR

    Listing office Lloyd Companies - Corporate

    Listing date Jul 26, 2024

    Source Moodyscre

    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 Lloyd Companies - Corporate

    HighLights

    • Prime location near Foundation Park with major anchor tenants like Amazon, CJ Food, and FedEx.
    • Easy access to I‑90 and I‑29.
    • Located along a paved county highway.
    • Proximity to South Dakota Department of Transportation, ADP, Wal‑Mart, and USD Community College.
    • Development land suitable for various purposes.
    • Located just outside of city limits.

    Overview

    This development land is located near Foundation Park, with anchor users including Amazon, CJ Food, WinChill, Nordica, FedEx, Muth Electric, and Dakota Carriers. Area neighbors include the South Dakota Department of Transportation, ADP, Kinder Academy, Wal-Mart, USD Community College for Sioux Falls, Titan Machinery, and Worthington Ag Parts. The property offers easy access to I-90 and I-29. It is zoned Ag and located just outside of city limits, situated along a paved county highway. Currently, the property is not serviced with city water or sewer.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.7745
    Latitude
    43.5148

    Nearby Similar for Sale

    • $2,600,000
      14,368 SF

      Historic Office Building Near Downtown

      Historic Sioux Falls office building with ample parking.
      335 N Main Ave, Sioux Falls, SD 57104
      View Details
    • $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
    • $650,000
      5,200 SF

      Sioux Falls Four-Plex Investment

      Immaculately maintained four-plex in a highly desirable Sioux Falls area.
      2800 E Madison St, Sioux Falls, SD 57103
      View Details
    • $675,000
      5,832 SF

      Sioux Falls 6-Plex Investment

      Well-maintained 6-plex in central Sioux Falls with income potential.
      1011 S 2nd Ave, Sioux Falls, SD 57105-0849
      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
    • $1,500,000
      18,296 SF

      Spacious Showroom on E 10th

      Highly visible showroom with ample parking and easy highway access.
      2715 E 10th St, Sioux Falls, SD 57103
      View Details
    • $399,900
      2,729 SF

      Sioux Falls Fourplex with Renovated Units

      Four-unit building in Sioux Falls with recent renovations.
      201 N French Ave, Sioux Falls, SD 57103-1357
      View Details
    • $325,000
      2,204 SF

      High-Performing Sioux Falls 5-Plex

      Turnkey 5-unit property with strong rental upside and modern finishes.
      1118 W 8th St, Sioux Falls, SD 57104-2876
      View Details
    • $225,000
      1,813 SF

      Sioux Falls Duplex Investment Opportunity

      High-performing duplex near downtown Sioux Falls with immediate income potential.
      310 & 308 S Walts Ave, Sioux Falls, SD 57104-3545
      View Details
    • $314,900
      2,000 SF

      Sioux Falls Duplex Investment Opportunity

      Well-maintained duplex in Sioux Falls with immediate cash flow.
      202 N French Ave, Sioux Falls, SD 57103-1329
      View Details
    • $319,900

      Residential Land in Sioux Falls

      Residential land with mature trees and city views.
      2105 Bellingrath 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

    FAQs

    What type of property is this?
    Land - Development land with easy access to I-90 and I-29.
    Where is this land located?
    The property is located at 4001 W Memory Ln Sioux Falls, SD.
    What is the asking price?
    The asking price for this property is $2,756,000.
    What are key features of this property?
    This property features: Prime location near Foundation Park with major anchor tenants like Amazon, CJ Food, and FedEx.; Easy access to I‑90 and I‑29.; Located along a paved county highway.
    (605) 323-2820 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Raquel Blount, SIOR
    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

    Thank You for Inquiry
    4001 W Memory Ln, Sioux Falls, SD
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!