Warehouse with Secured
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 Market51
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
Listed By:
Marcus Mahlen, CCIM, SIOR
(605) 228-9744
Source:
Naiglobal
Added: Aug 21
Changed: Sep 23
Last Checked: Oct 9 at 4:43PM
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 / Yr
$82,118
Cap Rate
8.64%
Suggested Prices Based on Cap Rates
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
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 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
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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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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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
