Steel Warehouse on Commercial
For Sale
Contact for pricing
5010 S Southeastern Avenue, Sioux Falls, SD 57108
2-acre commercial land with an existing steel building and visibility along Southeastern Avenue in Sioux Falls.
Property Size5,000 SF
Lot Size2.00 Acres
Price / SF$250
Days on Market89
Property Features for 5010 S Southeastern Avenue
General Information
Standard status
Active
Size
5,000 SF
Lot size
2.00 Acres
Property subtype
Land
Zoning
AG
Building Details
Buildings
1
Construction
steel building
Listing Agency:
Van Buskirk Companies
Listed By:
Autumn Kaufhold · License #SD 18251
(605) 361-8211
Source:
Crexi
Added: Jul 9
Changed: Sep 23
Last Checked: Oct 4 at 6:28AM
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 Van Buskirk Companies
Investment Insights
Based on property information with market context.
This 2-acre property at 5010 S. Southeastern Avenue in Sioux Falls includes an existing steel building and mature tree cover, creating a private, park-like setting on the site. The property can be utilized as-is today or considered for redevelopment in the future, depending on a buyer’s plans.
Located near the intersection of 57th Street and Southeastern Avenue, the site offers visibility along Southeastern Avenue. The surrounding area is described as established, with a blend of commercial and residential development, providing context for continued use or redevelopment of the ground.
Located near the intersection of 57th Street and Southeastern Avenue, the site offers visibility along Southeastern Avenue. The surrounding area is described as established, with a blend of commercial and residential development, providing context for continued use or redevelopment of the ground.
Key Highlights
- 2‑acre commercial land site near the intersection of 57th Street and Southeastern Avenue in Sioux Falls
- Existing steel building on the property
- Visibility along Southeastern Avenue
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$43,949
Cap Rate
3.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,980
$879.0K
Cap Rate 7%
$627,843
$627.8K
Cap Rate 9%
$488,322
$488.3K
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$54.0K $10.80/SF
− Vacancy
−$2.3K −$0.46/SF
EGI
$51.7K $10.34/SF
− OpEx
−$7.8K −$1.55/SF
NOI
$43.9K $8.79/SF
Area
Sioux Falls, SD
Vacancy
4.25%
Lease Rate
$10.80 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$878,980
Cap Rate 7%
$627,843
Cap Rate 9%
$488,322
Alternative Uses
Best Use
Warehouse
$627.8K
$549.4K – $732.5K
NOI $43,949 @ 7.0% cap · market cap 3.52%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.36M
$1.19M – $1.58M
NOI $95,040 @ 7.0% cap · market cap 7.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
185
Businesses Nearby
Under-served
Demand for This Use
Explore this area
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
Check the figures for this property
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?
Warehouse - 2-acre commercial land with an existing steel building and visibility along Southeastern Avenue in Sioux Falls.
Where is this warehouse located?
The property is located at 5010 S Southeastern Avenue Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,250,000.
What are key features of this property?
This property features: 2‑acre commercial land site near the intersection of 57th Street and Southeastern Avenue in Sioux Falls; Existing steel building on the property; Visibility along Southeastern Avenue
