Renovated Flex
For Sale
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3600 S Westport Ave #103, Sioux Falls, SD 57108
A private entrance, restroom, office, and open work area provide a flexible commercial layout.
Property Size1,002 SF
Price / SF$0.02
Days on Market89
Property Features for 3600 S Westport Ave #103
General Information
Standard status
Active
Size
1,002 SF
Property subtype
Commercial
Zoning
commercial
Amenities
private entrance
private restroom
large open work area
private office
dressing/storage room
monument signage
on-site parking
Building Details
Year Built
1978
Listing Agency:
Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls
(605) 274-1034
Listed By:
Andrea Smith
(605) 518-9117
Source:
Landmarkrealtyandauction
Added: Aug 4
Changed: Oct 30
Last Checked: Oct 30 at 1:46AM
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 Berkshire Hathaway HomeServices Midwest Realty - Sioux Falls
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Investment Insights
Based on property information with market context.
Suite 103 contains approximately 1,002 square feet of newly renovated flex space. Its layout includes a private entrance and restroom, a large open work area, a private office, and a separate dressing or storage room. The property was built in 1978 and is zoned commercial. Monument signage is available along Westport Avenue, with on-site parking for employees and visitors.
The suite is east of The Empire Mall in Sioux Falls. Nearby retailers named include Target, Kohl’s, Starbucks, Walgreens, Hy-Vee, Barnes & Noble, and Billion Automotive. The combination of open area, enclosed office space, and a separate storage or dressing room provides several distinct areas within the suite.
The suite is east of The Empire Mall in Sioux Falls. Nearby retailers named include Target, Kohl’s, Starbucks, Walgreens, Hy-Vee, Barnes & Noble, and Billion Automotive. The combination of open area, enclosed office space, and a separate storage or dressing room provides several distinct areas within the suite.
Key Highlights
- Approximately 1,002 square feet of renovated flex space
- Private entrance and restroom, open work area, private office, and separate dressing or storage room
- Monument signage along Westport Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$6,850
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,000
$137.0K
Cap Rate 7%
$97,857
$97.9K
Cap Rate 9%
$76,111
$76.1K
Market Conditions
NOI Build-Up for 1,002 SF
Gross rent
$10.2K $10.20/SF
− Vacancy
−$434 −$0.43/SF
EGI
$9.8K $9.77/SF
− OpEx
−$2.9K −$2.93/SF
NOI
$6.9K $6.84/SF
Area
Sioux Falls, SD
Vacancy
4.25%
Lease Rate
$10.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$137,000
Cap Rate 7%
$97,857
Cap Rate 9%
$76,111
Alternative Uses
Best Use
Flex RnD
$146.9K
$128.6K – $171.4K
NOI $10,285 @ 7.0% cap · market cap 46,750.00%
Second Best
Industrial
$97.9K
$85.6K – $114.2K
NOI $6,850 @ 7.0% cap · market cap 31,136.36%
Theoretical Best
Office A
$272.1K
$238.1K – $317.4K
NOI $19,046 @ 7.0% cap · market cap 86,572.73%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1,453
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 57108, SD
31,953
Population
13,933
Households
2.3
Avg Household Size
36
Median Age
54%
College-Educated
97%
High-School Grad
30.4 sq mi
ZIP Area
1,051
Density / Sq Mi
$96,184
Median Household Income
$51,749
Median Earnings
$1,292
Median Rent
$401,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Hy-Vee Catering — 4101 S Louise Ave, Sioux Falls, SD 57106
- Taverns + Tots — 3926 W 41st St, Sioux Falls, SD 57101
- Firehouse Subs Greenway Mall — 3504 W 41st St, Sioux Falls, SD 57106
Frequently Asked Questions
What type of property is this?
Flex space - A private entrance, restroom, office, and open work area provide a flexible commercial layout.
Where is this flex space located?
The property is located at 3600 S Westport Ave #103 Sioux Falls, SD.
What are key features of this property?
This property features: Approximately 1,002 square feet of renovated flex space; Private entrance and restroom, open work area, private office, and separate dressing or storage room; Monument signage along Westport Avenue
