Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Industrial Land in Industrial Park Title is generated by Realmo AI

    INDUSTRIAL PARK DR, Faulkton, SD 57438

    View on Map
    Claim this Listing
    For Sale
    $52,500

    LAND - Faulkton, SD

    Lot size:
    2.50 Acres
    Added:
    Oct 1, 2024
    Days on Market:
    611
    Last Refresh:
    Jun 3 at 10:06 pm

    Property Features for INDUSTRIAL PARK DR

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    2.50 Acres

    Taxes and HOA fees

    Tax Year
    2023
    Tax Description
    IN THE NE 1/4 OF SECTION 14 TOWNSHIP 118 NORTH, RANGE 69 WEST OF THE 5TH P.M., FAULK COUNTY, SOUTH DAKOTA
    Tax Annual Amount
    1

    We can help!

    Listing Contact
    Tiffany Paul

    Listing agent Tiffany Paul License #21255

    Listing office eXp Realty 223 8th Ave NW Suite 3, SD

    Listing date Oct 1, 2024

    MLS# 24-801

    Copyright © 2026 Aberdeen Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Industrial park with versatile space intended for manufacturing, warehousing, logistics, and more
    • Designed to accommodate diverse operational needs
    • Provides seamless access to a major highway transport route
    • Located at -99.10536, 45.03556 (as provided)

    Overview

    This listing offers 2.5 acres of industrial land within an established industrial park in Faulkton, South Dakota. The offering is described as versatile for a range of operational needs, including manufacturing, warehousing, and logistics. The site is presented as a scalable foundation for companies looking to expand their operations on an industrially oriented parcel.

    The industrial park is identified as being located in a thriving commercial zone, with seamless access to a major highway transport route. While specific roadway identifiers aren’t provided, the emphasis is on efficient connectivity for businesses that rely on regional transportation.

    For tenant and operator use, the property’s intended fit centers on industrial activity such as storage, distribution, and manufacturing-related operations. For buyers, the parcel provides an ownership opportunity to develop within an industrial park setting, aligning with the stated design for accommodating diverse operational needs. Interested parties should review site details and development requirements as part of their due diligence, including how the parcel will be used for the intended industrial program.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Map

    City
    Faulkton
    County
    Faulk
    State
    South Dakota
    Longitude
    -99.105361
    Latitude
    45.035559

    Nearby Similar for Sale

    • $375,000
      5,700 SF

      Versatile Commercial Space in Faulkton

      Former gas station/convenience store with shop area, ready for vision.
      817 Main Street, Faulkton, SD 57438
      View Details
    • $46,250

      Industrial Park Land Opportunity

      Industrial park site suited for manufacturing, warehousing, and logistics with highway-transport connectivity.
      INDUSTRIAL PARK DR, Faulkton, SD 57438
      View Details
    • $79,000

      Industrial Park Land for Sale

      2.5-acre industrial park parcel with access to a major highway transport route for manufacturing, warehousing, and logistics.
      INDUSTRIAL PARK DR, Faulkton, SD 57438
      View Details
    • $79,000

      Industrial Park Land Parcel

      Industrial park land offering flexible options for warehousing, manufacturing, and logistics with highway-oriented access.
      INDUSTRIAL PARK DR, Faulkton, SD 57438
      View Details
    • $46,250

      Industrial Park Land

      Build-ready industrial land in an established industrial park suited for logistics and warehousing operations.
      INDUSTRIAL PARK DR, Faulkton, SD 57438
      View Details
    • $45,600

      Industrial Park Land

      Build in a small industrial park setting with access to major regional highway routes.
      INDUSTRIAL PARK DR, Faulkton, SD 57438
      View Details
    • $79,000

      Industrial Park Land Site

      Versatile industrial land in Faulkton, SD with highway-transport access for manufacturing, warehousing, and logistics uses.
      INDUSTRIAL PARK DR, Faulkton, SD 57438
      View Details

    FAQs

    What type of property is this?
    Flex space - 2.5-acre industrial park site positioned for manufacturing, warehousing, and logistics with access to a major highway route.
    Where is this flex space located?
    The property is located at INDUSTRIAL PARK DR Faulkton, SD.
    What is the asking price?
    The asking price for this property is $52,500.
    What are key features of this property?
    This property features: Industrial park with versatile space intended for manufacturing, warehousing, logistics, and more; Designed to accommodate diverse operational needs; Provides seamless access to a major highway transport route
    (800) 674-6089
    We can help!
    Listing Contact
    Tiffany Paul
    Real Estate License ID: 21255
    Request Owner's contact information
    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.
    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
    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

    Thank You for Inquiry
    INDUSTRIAL PARK DR, Faulkton, SD 57438
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!