Sioux Falls Flex
For Sale
Contact for pricing
46984 Sunset Blvd, Sioux Falls, SD
Flex space in Southwest Commercial - Development Park, Sioux Falls.
Property Size2,400 SF
Lot Size0.39 Acres
Price / SF$135.42
Days on Market315
Property Features for 46984 Sunset Blvd
General Information
Standard status
Active
Size
2,400 SF
Lot size
0.39 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Vantis Commercial
(605) 215-0940
Listed By:
Scott Ginkel. · License #12200
Source:
Moodyscre
Added: Nov 24, 2025
Changed: Sep 5
Last Checked: Oct 4 at 12:56PM
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 Vantis Commercial
Investment Insights
Based on property information with market context.
This 2,400 square foot flex space is located in the Southwest Commercial - Development Park and offers easy access to I-29 and the future SD Highway-100. The property features two offices, two restrooms, and a drive-through bay equipped with 12’ x 14’ overhead doors. Heating is provided by forced air in the shop area, while the office space is equipped with a mini-split HVAC system. The property is currently under a month-to-month lease, presenting an opportunity for either investment or owner-user. The biannual association fee of $900 covers exterior building insurance, snow removal, lawn care, and water.
Key Highlights
- Excellent location in the Southwest Commercial - Development Park with easy access to I‑29 and future SD Highway‑100.
- Drive‑through bay with 12’ x 14’ overhead doors.
- Investment or owner‑user opportunity.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,636
Cap Rate
7.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$492,720
$492.7K
Cap Rate 7%
$351,943
$351.9K
Cap Rate 9%
$273,733
$273.7K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$40.3K $16.80/SF
− Vacancy
−$2.4K −$1.01/SF
EGI
$37.9K $15.79/SF
− OpEx
−$13.3K −$5.53/SF
NOI
$24.6K $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%
$492,720
Cap Rate 7%
$351,943
Cap Rate 9%
$273,733
Alternative Uses
Best Use
Flex RnD
$351.9K
$308.0K – $410.6K
NOI $24,636 @ 7.0% cap · market cap 7.58%
Second Best
Warehouse
$301.4K
$263.7K – $351.6K
NOI $21,096 @ 7.0% cap · market cap 6.49%
Theoretical Best
Office A
$651.7K
$570.2K – $760.3K
NOI $45,619 @ 7.0% cap · market cap 14.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
204
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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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?
Flex space - Flex space in Southwest Commercial - Development Park, Sioux Falls.
Where is this flex space located?
The property is located at 46984 Sunset Blvd Sioux Falls, SD.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: Excellent location in the Southwest Commercial - Development Park with easy access to I‑29 and future SD Highway‑100.; Drive‑through bay with 12’ x 14’ overhead doors.; Investment or owner‑user opportunity.
