Technical
Financial
Distress signals
Property profile

3701 Western Ave Sioux Falls, SD 57105

OFF-MARKET
Warehouses
Property ID
US79-0051618
28,782 SF 2.72 ac lot Built 1968
Entity Owned 15-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 28,475-square-foot industrial warehouse, zoned WM1, presents a significant opportunity for businesses seeking immediate occupancy. Available for lease starting September 1st, 2024, the property boasts a single-tenant configuration, offering complete flexibility and control. The space includes five dock-high doors and four drive-in overhead doors, ensuring efficient loading and unloading operations. With a generous side wall height of 20 feet, 4 inches, the warehouse provides ample vertical storage capacity. Beyond the warehouse floor, the property features valuable ancillary spaces, including a showroom, office areas, a breakroom, restrooms, and additional storage areas. The current tenant occupies 11,683 square feet on a month-to-month basis, providing potential for immediate full occupancy or a sublease arrangement. The layout allows for potential demising to accommodate specific tenant needs. This property is ideally suited for distribution or warehousing operations requiring significant space and convenient access. Its strategic location offers easy access to major transportation routes (specific location details not provided). Inquire today to schedule a viewing and explore the possibilities this exceptional industrial space offers.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1968
Construction TYPE NOT SPECIFIED
Total area 28,782 SF
Lot 2.72 ac (118,527 SF)
APN 65174
UPID US79-0051618

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Home Appliance Store Hardware & Home Improvement

Location

3701 Western Ave Sioux Falls, SD 57105-6114
Sioux Falls metro Census 1109 SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$2.11M
Blend (final) Blend
$2.05M

Owner & transaction history

since 2011
2 recorded transactions
2021
Price N/A
2011
$1.3M

Zoning & alternative use

Top alternative use upside
Office building $3.4M +47.4%
Auto repair, garage $2.7M +18.5%
Retail stores $2.6M +14.9%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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