Sioux Falls Flex
46984 Sunset Blvd Sioux Falls, SD
46984 Sunset Blvd, Sioux Falls, SD, 00000
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For Sale
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Flex space in Southwest Commercial - Development Park, Sioux Falls.
Property Size2,400 SF
Lot Size0.39 Acres
Price / SF$135.42
Days on Market235
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 Checked: Jul 17 at 3:44 am
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.
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 | $40.3k | $16.80 |
| − Vacancy | −$2.4k | −$1.01 |
| EGI | $37.9k | $15.79 |
| − OpEx | −$13.3k | −$5.53 |
| NOI | $24.6k | $10.26 |
2,400 SF · lease $16.80/SF/yr · vacancy 6.00% · expense 35.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
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.
