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    Property profile & analytics

    Sioux Falls, SD 57107

    • Warehouses
    • 69.96 lot acres
    OFF-MARKET
    Last Sale
    Aug 30, 2023
    $1,034,000
    Value Estimations
    $1,295,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0086664
    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.

    Current Use by Public Records

    • Warehouses

    Property Details

    Lot size
    69.96 lot acres
    Zone code
    A1
    Property type
    Warehouses
    APN
    11484
    APU
    11484

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,295,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Sioux Falls
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.7993
    Latitude
    43.5823
    CBSA code
    43620
    CBSA name
    SIOUX FALLS, SD METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,939
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $335,000
      4,800 SF

      1401 Alguire Ave

      WAREHOUSE, STORAGE • 4,800 SF
      1401 Alguire Ave, Sioux Falls, SD 57107
      View Details
    • Value Estimation
      $470,000
      18,100 SF

      4600 62nd N St

      WAREHOUSE, STORAGE • 18,100 SF
      4600 62nd N St, Sioux Falls, SD 57107-6416
      View Details
    • Value Estimation by Request
      3.93 Acres

      755 Delbridge Dr

      MINI-WAREHOUSE, STORAGE • 3.93 Acres
      755 Delbridge Dr, Sioux Falls, SD 57107-8516
      View Details
    • Value Estimation by Request
      1,532 SF

      4002 Bobhalla Dr

      WAREHOUSE, STORAGE • 1,532 SF
      4002 Bobhalla Dr, Sioux Falls, SD 57107-6414
      View Details
    • Value Estimation
      $325,000
      3,384 SF

      25732 Cottonwood Ave

      WAREHOUSE, STORAGE • 3,384 SF
      25732 Cottonwood Ave, Sioux Falls, SD 57107-6402
      View Details
    • Value Estimation
      $335,000
      4,880 SF

      6426 12th St

      WAREHOUSE, STORAGE • 4,880 SF
      6426 12th St, Sioux Falls, SD 57107-0466
      View Details

    Similar Nearby for Sale

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      Sioux Falls Commercial Flex Space

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      68.90 Acres

      Musso Land: Prime Development Opportunity

      68.9 Acres, Sioux Falls, SD - Ag, Commercial, Industrial Potential
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      Industrial Land: Sioux Falls, SD

      Prime I-1 zoned land, ideal for various uses.
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      Green Valley Industrial Land for Sale

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    Similar Nearby for Lease

    • $7 SF/Yr
      22,145 SF

      Sioux Falls Warehouse - 22,145 SF

      Class A warehouse, 1.85 acres, immediate occupancy.
      47187 Winter Pl, Sioux Falls, SD 57107
      View Details
    • $6 SF/Yr
      4,500 SF

      Sioux Falls Warehouse Space

      9,000 SF warehouse space available for lease.
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      View Details
    • Contact for pricing
      145,200 SF

      Alloy1: Premier Sioux Falls Industrial Space

      Modern Manufacturing/Flex Facility, 145,200 SF
      5400 Career Ave, Sioux Falls, SD 57107
      View Details
    • $7 SF/Yr
      13,728 SF

      Sioux Falls Warehouse - 13,728 SF

      1.16-acre industrial warehouse, fully vacant.
      25773 Cottonwood Ave, Sioux Falls, SD 57107
      View Details
    • $5,990 /Mo
      6,930 SF

      Sioux Falls Warehouse with Drive-Through

      6,930 SF warehouse with drive-through doors and heavy-duty features.
      25733 Cottonwood Ave, Sioux Falls, SD 57107
      View Details
    • $6 SF/Yr
      18,000 SF

      Sioux Falls Warehouse and Manufacturing Space

      Renovated warehouse and manufacturing space with convenient interstate access.
      5604 W 9Th St, Sioux Falls, SD 57107
      View Details
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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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