405 W 16TH St Sioux Falls, SD 57104
COMMERCIAL - Sioux Falls, SD
Property Features for 405 W 16TH St
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C2:RE3 - Land Use Activit
- Standard status
- Active
- APN
- 38773
- Size
- 741 SF
- Lot size
- 0.11 Acres
Taxes and HOA fees
- Tax Description
- W 75' 1 & W 75' N1/2 LOT 2 BLOCK 8 LEWIS ADDN TO CITY OF SIOUX FALLS
- Tax Annual Amount
- 1106
Building Details
- Year built
- 2007
- Flooring type
- Concrete
- Building materials
- Frame
Listing agent Jared Dupert (605) 453-0006
Listing office Faith Realty Brokers, LLC 795 E Kevin Dr., Tea, SD (605) 453-0006
Listing date Jul 15, 2026
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
The property is currently zoned C2:RE3, and offers paved access with off-street parking included (lot includes 6 parking spots). Buyer to verify zoning and permitted uses.
The building provides an open shop layout designed to accommodate a range of commercial, contractor, storage, service, or light industrial uses, subject to zoning.
Key Highlights
- 2007‑built commercial garage/shop with frame construction and durable concrete floors
- Approximately 700+ SF open shop space (39' x 19') with an overhead garage door (10' tall x 12' wide)
- Gas heat and bright interior lighting, plus electrical service
Local Financial Insights For Warehouse
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 | $8.0k | $10.80 |
| − Vacancy | −$340 | −$0.46 |
| EGI | $7.7k | $10.34 |
| − OpEx | −$1.1k | −$1.55 |
| NOI | $6.5k | $8.79 |
Alternative Uses
Property Analytics
Current Use by Public Records
Similar For Sale Nearby
Similar Off Market Nearby
- Plaza 600 Apartments — 600 W 11th St, Sioux Falls, SD 57104
- Murray Properties, LLC — 325 E 12th St, Sioux Falls, SD 57104
- Self-Storage at U-Haul — 923 W 11th St, Sioux Falls, SD 57104
- Otis Elevator Company — 401 E 8th St Suite 200 J, 401 E 8th St #200J, Sioux Falls, SD 57103
