Two-Building Flex
For Sale
Contact for pricing
801 E 50TH ST N, Sioux Falls, SD 57104
Two structures combine office, kitchenette, restroom, and heated garage functions for varied industrial operations.
Property Size6,688 SF
Lot Size2.07 Acres
Price / SF$160.74
Days on Market173
Property Features for 801 E 50TH ST N
General Information
Standard status
Active
Size
6,688 SF
Lot size
2.07 Acres
Property subtype
Office, Mixed Use, Industrial
Additional Details
Utilities to Site
Yes
Building Details
Year Built
1979
Buildings
2
Stories
1
Units
1
Listing Agency:
Harr-Lemme Commercial Real Estate
Listed By:
Paul Gourley · License #SD 765511107
(605) 371-0332
Source:
Crexi
Added: Apr 28
Changed: Oct 4
Last Checked: Oct 16 at 8:44AM
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 Harr-Lemme Commercial Real Estate
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Investment Insights
Based on property information with market context.
This flex property includes two buildings totaling 6,688 square feet on a 2.07-acre site with paved and grass yard areas. The 4,000-square-foot building, constructed in 1979, includes reception and office space, a kitchenette, two private restrooms, a flex or mixed-use room, and a large heated garage. Seven overhead commercial doors provide access from both the east and west sides.
Built in 2021, the 2,688-square-foot second building offers an open-concept interior with modern finishes, a private restroom, kitchenette, two overhead commercial doors, and an in-floor drain system. City water and sewer serve the property. Building equipment includes a stereo system, hose reel, wall vacuum, shelving, camera system, and power washer. Three semi trailers are also available for purchase.
Built in 2021, the 2,688-square-foot second building offers an open-concept interior with modern finishes, a private restroom, kitchenette, two overhead commercial doors, and an in-floor drain system. City water and sewer serve the property. Building equipment includes a stereo system, hose reel, wall vacuum, shelving, camera system, and power washer. Three semi trailers are also available for purchase.
Key Highlights
- 2.07‑acre site with paved and grass yard areas
- 6,688 square feet across two industrial buildings
- 4,000‑square‑foot building constructed in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$68,651
Cap Rate
6.39%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,373,020
$1.4M
Cap Rate 7%
$980,729
$980.7K
Cap Rate 9%
$762,789
$762.8K
Market Conditions
NOI Build-Up for 6,688 SF
Gross rent
$112.4K $16.80/SF
− Vacancy
−$6.7K −$1.01/SF
EGI
$105.6K $15.79/SF
− OpEx
−$37.0K −$5.53/SF
NOI
$68.7K $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%
$1,373,020
Cap Rate 7%
$980,729
Cap Rate 9%
$762,789
Alternative Uses
Best Use
Flex RnD
$980.7K
$858.1K – $1.14M
NOI $68,651 @ 7.0% cap · market cap 6.39%
Second Best
Warehouse
$839.8K
$734.8K – $979.8K
NOI $58,787 @ 7.0% cap · market cap 5.47%
Theoretical Best
Office A
$1.82M
$1.59M – $2.12M
NOI $127,126 @ 7.0% cap · market cap 11.83%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
370
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57104, SD
26,998
Population
13,952
Households
1.9
Avg Household Size
37
Median Age
25%
College-Educated
90%
High-School Grad
30.4 sq mi
ZIP Area
888
Density / Sq Mi
$59,161
Median Household Income
$39,101
Median Earnings
$849
Median Rent
$183,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Two structures combine office, kitchenette, restroom, and heated garage functions for varied industrial operations.
Where is this flex space located?
The property is located at 801 E 50TH ST N Sioux Falls, SD.
What is the asking price?
The asking price for this property is $1,075,000.
What are key features of this property?
This property features: 2.07‑acre site with paved and grass yard areas; 6,688 square feet across two industrial buildings; 4,000‑square‑foot building constructed in 1979
