Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    3828 60Th St Sioux Falls, SD 57104

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime I-1 zoned land, ideal for light industrial development.

    Property Features for 3828 60Th St

    General Information

    Property type
    Land
    Lot Size
    871,200 SF

    We can help!

    Listing Contact
    Gregg Brown
    Gregg Brown

    Listing Agency: NAI Sioux Falls Listing Agent: Gregg Brown

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    This exceptional opportunity presents a range of industrial land parcels for sale in Sioux Falls, South Dakota's thriving Sioux Empire Development Park - Park VIII West. Located in Minnehaha County, near the intersection of I-229 and I-90, this property offers unparalleled access to major transportation arteries. The site boasts 60th Street North frontage and is conveniently situated minutes from the Sioux Falls Regional Airport (FSD). Lots range from 20 to 75 acres, providing flexibility for various development needs. The land is zoned I-1 for light industrial use, and protective covenants are in place. Utilities are currently under development, and on-site detention (BMP) is required. Parcels are subdividable or combinable to suit individual project requirements. The land is priced at $4 per square foot. This is a remarkable chance to secure a strategic location for your next industrial venture in a rapidly growing area. Don't miss this opportunity to capitalize on Sioux Falls' robust economy and prime location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Real Estate Agency Spa & Massage Center Auto Repair Shop Building Supply Hotel & Motel Storage Facility Accounting Firm Auto Parts Store Grocery & Convenience Store Electrical Service

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.684055878413
    Latitude
    43.60193542849

    Nearby Similar for Sale

    • Contact for pricing
      850 SF

      Sioux Falls Office Space Available

      Office space near downtown Sioux Falls with flexible layout.
      120 S Indiana Ave, Sioux Falls, SD 57104
      View Details
    • New
      $1,198,400
      2,942 SF

      Sioux Falls Executive Office Space

      Prime office space with golf course frontage in Sioux Falls.
      600 E Tan Tara Cir, Sioux Falls, SD 57108
      View Details
    • Contact for pricing
      1,683 SF

      Office Space Near Downtown

      Office space featuring a reception area, offices, and open space.
      120 S Indiana Ave, Sioux Falls, SD 57104
      View Details
    • $1,100,000
      8,750 SF

      Sioux Falls Commercial Opportunity

      Two buildings near Sycamore Ave and Arrowhead Pkwy.
      600 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • $1,500,000
      18,296 SF

      Sioux Falls Showroom with Visibility

      Highly visible showroom on E 10th St with ample parking.
      2715 E 10Th St, Sioux Falls, SD 57103
      View Details
    • New
      $319,900
      2,478 SF

      Sioux Falls Duplex Investment Opportunity

      Well-maintained duplex near downtown Sioux Falls, ideal for investors.
      1012 W 8Th St E, Sioux Falls, SD 57104
      View Details
    • Contact for pricing
      4,000 SF

      Sioux Falls Warehouse with Climate Control

      4,000 SF climate-controlled warehouse with convenient access and ample parking.
      604 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • Contact for pricing
      4,750 SF

      Sioux Falls Commercial Property

      4,750 sq ft commercial space in Sioux Falls, SD.
      600 S Charlotte Ave, Sioux Falls, SD 57103
      View Details
    • $685,000
      5,200 SF

      Sioux Falls Four-Plex Townhomes

      Immaculately maintained four-plex in a desirable Sioux Falls location.
      2800 E Madison St, Sioux Falls, SD 57103
      View Details
    • $340,000
      2,082 SF

      Well-Maintained Duplex in Sioux Falls

      Updated duplex with separate utilities and strong rental history.
      616 N Garfield Ave, Sioux Falls, SD 57104
      View Details
    • $1,299,000
      Pending

      Luxury Four-Unit Property, Sioux Falls

      Upscale four-unit property in a desirable Sioux Falls location.
      5000 E 54Th St, Sioux Falls, SD 57110
      View Details
    • $324,900
      2,000 SF

      Sioux Falls Duplex Investment Opportunity

      Well-maintained duplex in Sioux Falls with immediate cash flow.
      202 N French Ave, Sioux Falls, SD 57103
      View Details

    FAQs

    What type of property is this?
    Land - Prime I-1 zoned land, ideal for light industrial development.
    Where is this land located?
    The property is located at 3828 60Th St Sioux Falls, SD.
    What are key features of this property?
    This property features: Protective covenants are in place.; Zoned I-1, suitable for light industrial use.; Utilities are under development.
    (605) 357-7100 Call to check price and availability
    Request Owner's contact information
    3828 60Th St Sioux Falls, SD 57104
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    3828 60Th St
    Sioux Falls, SD 57104
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3828 60Th St Sioux Falls, SD 57104
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Gregg Brown
    Gregg Brown
    Real Estate License ID: 16070
    (605) 357-7100 (605) 906-0394 (605) 306-2519
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!