Flex Space with Overhead
1310 E 39th St N, Sioux Falls, SD 57104
For Sale
Contact for pricing
Flex facility with an updated office area, five 14' overhead doors, and a fenced storage yard with security gate.
Property Size12,480 SF
Price / SF$132.21
Days on Market354
Property Features for 1310 E 39th St N
General Information
Standard status
Size
Property subtype
Site & Location
Highway Access
Fenced Yard
Outdoor Storage
Additional Details
Three-Phase Power
Listing Agency:
Bender Commercial
(605) 336-7600
Listed By:
Bradyn Neises · License SD #16240
(605) 579-0189
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Oct 26
Last Checked: Nov 10 at 11:46AM
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 Bender Commercial
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Investment Insights
Based on property information with market context.
This flex property combines updated office space with a functional shop for light industrial use. The office area includes a reception area, open work area, a conference room, and three private offices. The shop features five 14' overhead doors, floor drains, and mezzanine storage, supported by 3-phase power.
Outside, the property offers a 1.4-acre storage yard with a fence and security gate. Easy access to Cliff Avenue, Benson Road, I-229, and I-90 supports convenient commuting and logistics.
With its mix of office space and overhead-door shop capacity plus yard storage, the property is well suited for businesses that need both customer or administrative space and practical on-site work capabilities.
Outside, the property offers a 1.4-acre storage yard with a fence and security gate. Easy access to Cliff Avenue, Benson Road, I-229, and I-90 supports convenient commuting and logistics.
With its mix of office space and overhead-door shop capacity plus yard storage, the property is well suited for businesses that need both customer or administrative space and practical on-site work capabilities.
Key Highlights
- Updated office with reception, open work area, conference room, and three private offices
- Shop with five 14' overhead doors, floor drains, and mezzanine storage
- 3‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$128,105
Cap Rate
7.76%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,562,100
$2.6M
Cap Rate 7%
$1,830,071
$1.8M
Cap Rate 9%
$1,423,389
$1.4M
Market Conditions
NOI Build-Up for 12,480 SF
Gross rent
$209.7K $16.80/SF
− Vacancy
−$12.6K −$1.01/SF
EGI
$197.1K $15.79/SF
− OpEx
−$69.0K −$5.53/SF
NOI
$128.1K $10.26/SF
Area
Sioux Falls, SD
Vacancy
6.00%
Lease Rate
$16.80 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,562,100
Cap Rate 7%
$1,830,071
Cap Rate 9%
$1,423,389
Alternative Uses
Best Use
Flex RnD
$1.83M
$1.60M – $2.14M
NOI $128,105 @ 7.0% cap · market cap 7.76%
Second Best
Warehouse
$1.57M
$1.37M – $1.83M
NOI $109,697 @ 7.0% cap · market cap 6.65%
Theoretical Best
Office A
$3.39M
$2.97M – $3.95M
NOI $237,220 @ 7.0% cap · market cap 14.38%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
333
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Flex facility with an updated office area, five 14' overhead doors, and a fenced storage yard with security gate.
Where is this flex space located?
The property is located at 1310 E 39th St N Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Updated office with reception, open work area, conference room, and three private offices; Shop with five 14' overhead doors, floor drains, and mezzanine storage; 3‑phase power
