Warehouse with Secured
New
For Sale
$950,000
1312 East 52nd Street N, Sioux Falls, SD 57104
Light Industrial warehouse with office space, multiple grade-level doors, and a fenced yard.
Property Size8,000 SF
Days on Market2
Property Features for 1312 East 52nd Street N
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Industrial
Zoning
Light Industrial
Additional Details
Fenced Yard
Yes
Drive-In Doors
3
Building Details
Building Size
8,000 SF
Year Built
1981
Listing Agency:
NAI | Sioux Falls
(605) 228-9744
Listed By:
Marcus Mahlen, CCIM, SIOR
(605) 228-9744
Source:
Naiglobal
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 5:22AM
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
Investment Insights
Based on property information with market context.
This Light Industrial warehouse, built in 1981, combines functional service space with administrative areas. The building includes two 14-foot grade-level doors with drive-through capability, an additional 16-foot grade-level door, a mezzanine, and a floor drain. Heating is provided by radiant and forced air systems, and the layout includes three private offices.
A secured yard enclosed by an 8-foot fence extends the property’s operational functionality. The combination of multiple drive-in access points, office space, and fenced exterior storage supports a range of warehouse and industrial uses.
A secured yard enclosed by an 8-foot fence extends the property’s operational functionality. The combination of multiple drive-in access points, office space, and fenced exterior storage supports a range of warehouse and industrial uses.
Key Highlights
- Two 14' grade‑level doors with drive‑through capabilities
- One 16' grade‑level door
- Mezzanine and floor drain
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$82,118
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,642,360
$1.6M
Cap Rate 7%
$1,173,114
$1.2M
Cap Rate 9%
$912,422
$912.4K
Market Conditions
NOI Build-Up for 8,000 SF
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.
Gross rent
$134.4K $16.80/SF
− Vacancy
−$8.1K −$1.01/SF
EGI
$126.3K $15.79/SF
− OpEx
−$44.2K −$5.53/SF
NOI
$82.1K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,642,360
Cap Rate 7%
$1,173,114
Cap Rate 9%
$912,422
Alternative Uses
Best Use
Flex RnD
$1.17M
$1.03M – $1.37M
NOI $82,118 @ 7.0% cap · market cap 8.64%
Second Best
Warehouse
$1.00M
$879.0K – $1.17M
NOI $70,319 @ 7.0% cap · market cap 7.40%
Theoretical Best
Office A
$2.17M
$1.90M – $2.53M
NOI $152,064 @ 7.0% cap · market cap 16.01%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
3
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
404
Businesses Nearby
Well-served
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Warehouse - Light Industrial warehouse with office space, multiple grade-level doors, and a fenced yard.
Where is this warehouse located?
The property is located at 1312 East 52nd Street N Sioux Falls, SD.
What is the asking price?
The asking price for this property is $950,000.
What are key features of this property?
This property features: Two 14' grade‑level doors with drive‑through capabilities; One 16' grade‑level door; Mezzanine and floor drain
