Steel Warehouse on Commercial
5010 S Southeastern Avenue Sioux Falls, SD 57108
For Sale
Contact for pricing
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 Market15
Property Features for 5010 S Southeastern Avenue
General Information
- Standard status
- Active
- Size
- 5,000 SF
- Lot size
- 2.00 Acres
- Property subtype
- Land
Listing Agency:
Van Buskirk Companies
(605) 361-8211
Listed By:
Autumn Kaufhold · License #SD 18251
Source:
Crexi
Added: Jul 9
Changed: Jul 23
Last Checked: Jul 23 at 5:12AM
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 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 | $54.0k | $10.80 |
| − Vacancy | −$2.3k | −$0.46 |
| EGI | $51.7k | $10.34 |
| − OpEx | −$7.8k | −$1.55 |
| NOI | $43.9k | $8.79 |
5,000 SF · lease $10.80/SF/yr · vacancy 4.25% · expense 15.00%
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 local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Commercial land
FAQs
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
