Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    600 Powder House Rd Sioux Falls, SD 57110
    Back to Search
    Property profile & analytics

    600 Powder House Rd, Sioux Falls, SD 57110

    View on Map
    • Land
    • 27.52 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 600 Powder House Rd

    Lot size
    27.52 lot acres
    Property type
    Land

    Description

    This exceptional 27.52-acre parcel presents a remarkable opportunity for developers seeking a prime location in Sioux Falls, South Dakota. Currently zoned RR-Rural Residential, this land offers significant potential for a mixed-use development, capitalizing on its strategic position along Arrowhead Parkway near Veteran's Parkway. The property benefits from its proximity to the vibrant and rapidly expanding east Sioux Falls neighborhood, ensuring strong potential for future growth and high demand. Convenient access to Interstate 90 via Veteran's Parkway provides excellent connectivity, while the nearby Dawley Farm Village offers a wealth of shopping and dining options. This location boasts a strong retail presence, with established businesses including Walmart, Menards, Target, Buffalo Wild Wings, Perkins, Kohl's, Century Theatres, Culver's, and Panera Bread, among many others, all within easy reach. The asking price for this expansive tract is $4,195,670, representing a compelling investment in a thriving South Dakota market. The address is 600 S Powder House Rd, Sioux Falls, SD 57110, in Minnehaha County. This property is ideally suited for a variety of commercial and residential projects, offering a unique blend of accessibility, amenities, and growth potential. Don't miss this chance to acquire a significant piece of Sioux Falls' burgeoning landscape.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.648
    Latitude
    43.5423

    Comparable in this City

    • Value Estimation by Request
      15.02 Acres

      Paddington St

      Land
      0 Paddington St, Sioux Falls, SD 57110
      View Details
    • Value Estimation by Request
      1.22 Acres

      SD Leucadia Trl Sioux Fls

      Land
      SD Leucadia Trl Sioux Fls, Sioux Falls, SD 57110
      View Details
    • Value Estimation by Request
      35.08 Acres

      8001 10Th St

      Land
      8001 10Th St, Sioux Falls, SD 57110
      View Details
    • Value Estimation by Request
      1.50 Acres

      Dubuque Ave

      Land
      0 Dubuque Ave, Sioux Falls, SD 57110
      View Details
    • Value Estimation by Request

      5800 26Th St

      Land
      5800 26Th St, Sioux Falls, SD 57110
      View Details
    • Value Estimation by Request

      503 Six Mile Rd

      Land
      503 Six Mile Rd, Sioux Falls, SD 57110
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Development Land Near Veterans Parkway

      116.96 acres of development land in NE Sioux Falls.
      1901 N Six Mile Rd, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      15 Acres of Land Available

      15 acres of land for sale.
      5901 East 6Th St, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale in Sioux Falls, South Dakota.
      5610 E Madison St, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Land For Sale

      Land available for sale.
      5220 E Arrowhead Pkwy, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Development Land Near Arrowhead Parkway

      Development land in expanding Sioux Falls neighborhood with mixed-use potential.
      600 S Powder House Rd, Sioux Falls, SD 57110
      View Details
    • $1,299,000
      Pending

      Luxury Four-Unit Property in Sioux Falls

      Upscale four-unit property in a desirable Sioux Falls location.
      5000 E 54Th St, Sioux Falls, SD 57110
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,412 SF

      Commercial Out-Lot in Dawley Farms

      Commercial land in high-traffic Dawley Farms area, Sioux Falls.
      5712 E 18Th St, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Combined Shop Space For Lease

      2,560 sq ft shop space with office and restroom.
      1005 South Hillside Dr, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Retail Strip Center For Rent

      New retail strip center in southeast Sioux Falls.
      5020 S Highline Ave, Sioux Falls, SD 57110
      View Details
    • $26 SF/Yr
      5,200 SF

      Retail Space in Dawley Farms

      Retail spaces available in Sioux Falls' Dawley Farms development.
      620-622 S Highline Pl, Sioux Falls, SD 57110
      View Details
    • Contact for pricing
      1,535 SF

      Retail Space Near Dawley Farm

      Retail space with strong co-tenants and high visibility.
      5416 E Arrowhead Pkwy, Sioux Falls, SD 57110
      View Details
    • Contact for pricing

      Retail Space in Sioux Falls

      Retail space in established commercial corridor, eastern Sioux Falls.
      5801 E 41St St, Sioux Falls, SD 57110
      View Details
    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.
    600 Powder House Rd
    Sioux Falls, SD 57110
    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
    600 Powder House Rd, Sioux Falls, SD, 57110
    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!