Flex Space With Drive-Through
New
For Sale
Contact for pricing
47174 Haylie St, Sioux Falls, SD 57107
Three-unit commercial layout with service infrastructure, individual bathrooms, and additional land for outside storage.
Property Size9,500 SF
Price / SF$136.84
Days on Market7
Property Features for 47174 Haylie St
General Information
Standard status
Active
Size
9,500 SF
Property subtype
INDUSTRIAL
Zoning
I-1
Additional Details
Outdoor Storage
Yes
Drive-In Doors
8
Listing Agency:
NAI | Sioux Falls
(605) 321-2191
Listed By:
Sam Fawcett · License #21407
Source:
Moodyscre
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 10 at 11:00AM
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 flex-space property at 47174 Haylie St. in Sioux Falls is configured as 3 separate units, each with a bathroom. Four drive-through bays are served by 8 overhead doors measuring 14 feet in height. Interior utility features include in-floor heat, drainage throughout, and a 4-foot by 46-foot service pit. The site also includes excess land designated in the property information for outside storage.
The property is situated at Exit 86 and is described as being minutes from the future Smithfield Foods facility. I-1 zoning supports the property’s industrial classification. Together, the multi-unit arrangement, drive-through access, service pit, and outdoor storage area create a practical configuration for commercial or industrial operations.
The property is situated at Exit 86 and is described as being minutes from the future Smithfield Foods facility. I-1 zoning supports the property’s industrial classification. Together, the multi-unit arrangement, drive-through access, service pit, and outdoor storage area create a practical configuration for commercial or industrial operations.
Key Highlights
- 4 drive‑through bays with 8 overhead doors measuring 14' tall
- Split into 3 units, with a bathroom in each unit
- I‑1 zoning
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
$97,516
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
7.50%
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%
$1,950,320
$2.0M
Cap Rate 7%
$1,393,086
$1.4M
Cap Rate 9%
$1,083,511
$1.1M
Market Conditions
NOI Build-Up for 9,500 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
$159.6K $16.80/SF
− Vacancy
−$9.6K −$1.01/SF
EGI
$150.0K $15.79/SF
− OpEx
−$52.5K −$5.53/SF
NOI
$97.5K $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 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%
$1,950,320
Cap Rate 7%
$1,393,086
Cap Rate 9%
$1,083,511
Alternative Uses
Best Use
Flex RnD
$1.39M
$1.22M – $1.63M
NOI $97,516 @ 7.0% cap · market cap 7.50%
Second Best
Warehouse
$1.19M
$1.04M – $1.39M
NOI $83,504 @ 7.0% cap · market cap 6.42%
Theoretical Best
Office A
$2.58M
$2.26M – $3.01M
NOI $180,576 @ 7.0% cap · market cap 13.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
8
Drive-in doors
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Well-served
Demand for This Use
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?
Flex space - Three-unit commercial layout with service infrastructure, individual bathrooms, and additional land for outside storage.
Where is this flex space located?
The property is located at 47174 Haylie St Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: 4 drive‑through bays with 8 overhead doors measuring 14' tall; Split into 3 units, with a bathroom in each unit; I‑1 zoning
