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    46620 267Th St Sioux Falls, SD 57106
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    46620 267Th St Sioux Falls, SD 57106

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    • Commercial real estate
    Off-Market
    Property ID
    US79-0046827
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 46620 267Th St

    Property type
    Commercial real estate

    Description

    This exceptional 522,720 square foot commercial land parcel presents a unique investment opportunity in Sioux Falls, South Dakota. Located in Minnehaha County, this property boasts convenient access to major roadways, offering significant highway frontage along both 469th Street (West, 1,234 feet) and 267th Street (South, 534 feet, near 41st Street). The lot is zoned for commercial use and features two points of ingress/egress with a maintenance agreement in place. Utilities are readily available, including rural water and three-phase electricity. The property's strategic location is further enhanced by its proximity to established businesses such as Wild Water West, Pump N Pak, and Horse Power Handi Riders. The asking price is $2,090,880, translating to a land value of $4 per square foot. Property taxes are to be determined (TBD). Hard surface roads provide easy access and navigation. This is an ideal site for a variety of commercial developments, offering significant potential for growth and return on investment. Don't miss this chance to acquire a prime piece of commercial real estate in a thriving South Dakota market.

    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
    -96.884793
    Latitude
    43.517968

    Comparable in this City

    • $75,000

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      Development Land Near 12th Street

      Development land with frontage on West 12th Street.
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      Lake Lorraine Development Land Available

      2.64 acre site in Lake Lorraine development.
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    Similar Nearby for Sale

    • $75,000

      Agricultural Land on Corner Lot

      Over one acre of agricultural land with building eligibility.
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      View Details
    • Contact for pricing

      Commercial Land in Growing Area

      Commercial land in a growing area with high development potential.
      26th St & Ellis Rd, Sioux Falls, SD 57106
      View Details
    • Contact for pricing

      Redevelopment Site at Crossroads

      26.24 acre redevelopment site with high traffic counts.
      4211 W 12Th St, Sioux Falls, SD 57106
      View Details
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      Redevelopment Site at Crossroads

      26.24 acre redevelopment site with concept plan.
      4440 W Xrd Pl, Sioux Falls, SD 57106
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      Development Land Near 12th Street

      Development land with frontage on West 12th Street.
      7400 W 15Th St, Sioux Falls, SD 57106
      View Details
    • Contact for pricing

      Lake Lorraine Development Land Available

      2.64 acre site in Lake Lorraine development.
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    Similar Nearby for Lease

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      Corner Land in Sioux Falls

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      2,014 SF

      Retail Space on 41st Street

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      Retail Space Near Empire Mall

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      Office Space with Direct Access

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      6701 W 41st St, Sioux Falls, SD 57106

      Retail space
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    Sioux Falls, SD 57106
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    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
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