1609 W 1st St, Sioux Falls, SD
Flex space with offices, warehouse, and training room.
- Added:
- Mar 19, 2025
- Days on Market:
- 466
- Last Refresh:
- May 20 at 8:06 pm
Property Features for 1609 W 1st St
General Information
- Standard status
- Active
- Size
- 5,856 SF
- Lot size
- 0.48 Acres
- Property subtype
- FLEX_R_AND_D
Listing office Lloyd Companies - Corporate (605) 323-2820
Listing date Mar 19, 2025
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
- Versatile floor plan featuring 6 offices, conference room, training room, break room, and shop/warehouse.
- Shop/warehouse includes a large workroom and storage mezzanine.
- C‑2 zoning allows for a variety of commercial uses.
- Includes a break room with a full kitchen.
- Features an 11’x10’ overhead door.
- Property has been updated since its construction in 1990.
Overview
Local Financial Insights For Flex RnD
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 | $98.4k | $16.80 |
| − Vacancy | −$5.9k | −$1.01 |
| EGI | $92.5k | $15.79 |
| − OpEx | −$32.4k | −$5.53 |
| NOI | $60.1k | $10.26 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- CBM Correctional Food Services — 500 N Minnesota Ave, Sioux Falls, SD 57104
- En Place Catering — 818 E 8th St Ste 3, Sioux Falls, SD 57103
- Vespa Catering — 322 E 8th St, Sioux Falls, SD 57103
Location Insight
- Map
- Local Demand
- City
- Sioux Falls
- County
- Lincoln
- State
- South Dakota
- Longitude
- -96.7505
- Latitude
- 43.5572