Cross-Dock Distribution
For Sale
$1,100,000
3410 W Eide Drive, Sioux Falls, SD 57107
Multi-door cross-dock warehouse with updated roof and siding and current lease through December 2026.
Property Size6,640 SF
Days on Market117
Property Features for 3410 W Eide Drive
General Information
Standard status
Active
Size
6,640 SF
Property subtype
Industrial
Building Details
Building Size
6,640 SF
Year Built
1986
Listing Agency:
NAI Sioux Falls
Listed By:
Steve Shaykett, MAI
(605) 321-4284
Source:
Siouxfallscommercial
Added: May 14
Changed: Sep 5
Last Checked: Sep 7 at 7:38AM
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 cross-dock distribution facility features 23 doors and includes new overhead doors. The roof and siding were replaced approximately 10 years ago, and the property offers a 10-foot side wall height. The facility is currently leased through December 2026, with early occupancy potentially available.
The property is located about 1 mile from the I-29 & I-90 interchange and roughly 1.5 miles from an Amazon Distribution Center, providing convenient access to Interstate 29.
As a warehouse/distribution property built for cross-dock operations, it is designed to support efficient inbound and outbound movements within a single facility footprint.
The property is located about 1 mile from the I-29 & I-90 interchange and roughly 1.5 miles from an Amazon Distribution Center, providing convenient access to Interstate 29.
As a warehouse/distribution property built for cross-dock operations, it is designed to support efficient inbound and outbound movements within a single facility footprint.
Key Highlights
- 23‑door cross‑dock warehouse with new overhead doors
- Roof and siding updates completed about 10 years ago
- 10 ft side wall height
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
$58,365
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
5.31%
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%
$1,167,300
$1.2M
Cap Rate 7%
$833,786
$833.8K
Cap Rate 9%
$648,500
$648.5K
Market Conditions
NOI Build-Up for 6,640 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
$71.7K $10.80/SF
− Vacancy
−$3.0K −$0.46/SF
EGI
$68.7K $10.34/SF
− OpEx
−$10.3K −$1.55/SF
NOI
$58.4K $8.79/SF
Area
Sioux Falls, SD
Vacancy
4.25%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
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%
$1,167,300
Cap Rate 7%
$833,786
Cap Rate 9%
$648,500
Alternative Uses
Best Use
Warehouse
$833.8K
$729.6K – $972.8K
NOI $58,365 @ 7.0% cap · market cap 5.31%
Second Best
Industrial
$648.5K
$567.4K – $756.6K
NOI $45,395 @ 7.0% cap · market cap 4.13%
Theoretical Best
Office A
$1.80M
$1.58M – $2.10M
NOI $126,213 @ 7.0% cap · market cap 11.47%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
256
Businesses Nearby
Explore this area
Business Placement
Demographics for 57107, SD
11,915
Population
4,851
Households
2.5
Avg Household Size
32
Median Age
30%
College-Educated
91%
High-School Grad
46.8 sq mi
ZIP Area
255
Density / Sq Mi
$76,719
Median Household Income
$46,126
Median Earnings
$1,079
Median Rent
$250,700
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.
Frequently Asked Questions
What type of property is this?
Distribution center - Multi-door cross-dock warehouse with updated roof and siding and current lease through December 2026.
Where is this distribution center located?
The property is located at 3410 W Eide Drive Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 23‑door cross‑dock warehouse with new overhead doors; Roof and siding updates completed about 10 years ago; 10 ft side wall height
