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    Flex Space with Cold Storage Title is generated by Realmo AI

    11 N DAKOTA Street, Aberdeen, SD 57401

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    For Sale
    $1,095,000

    COMMERCIAL - Aberdeen, SD

    Property size:
    14,490 SF
    Price / SF:
    $75/SF
    Added:
    Feb 3, 2026
    Days on Market:
    122
    Last Refresh:
    Jun 5 at 4:06 am

    Property Features for 11 N DAKOTA Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    14,490 SF

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    9111

    Building Details

    Year built
    1940

    We can help!

    Listing Contact
    Ashton Davis
    Ashton Davis

    Listing agent Ashton Davis License #20519

    Listing office Century 21 Northern Advantage 1708 8th AVE NE, Aberdeen, SD

    Listing date Feb 3, 2026

    MLS# 26-63

    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

    • Two buildings included: Building 1 (10,000+ sq ft with office space, cold storage, and climate‑controlled space) and Building 2 (4,000 sq ft with conference room and climate‑controlled office space).
    • Income potential: Rent income is available, making it attractive for investors.
    • Building 1 features: 8 office spaces, reception area, 3 bathrooms, 4,212 sq ft of cold storage, and 5,394 sq ft of climate‑controlled space.
    • Building 2 features: 1,720 sq ft conference room, 1 bathroom, and 2,280 sq ft of climate‑controlled office space.
    • High traffic area and signage included: Located in a high‑traffic area on Dakota St, with signage included in the sale.
    • Building 1 includes a fenced yard next to train tracks.

    Overview

    Huff Construction buildings offered for sale as “Buildings Only.” Building 1 covers more than one acre and includes over 10,000 square feet with eight office spaces, a front reception area, and three bathrooms. The layout also includes 4,212 square feet of cold storage and 5,394 square feet of climate-controlled space. The interior was freshly remodeled in 2012. The fenced-off yard is located next to the train tracks.

    Building 2 totals 4,000 square feet and sits in front of Building 1. It includes a conference room and a separate climate-controlled office space, along with one bathroom. The remarks also note signage is sold with the building, and the property is in a high-traffic area off Dakota St.

    This offering is well suited for an owner-operator or investor looking for flex-style space that combines offices with dedicated cold storage and climate-controlled areas. The two-building configuration allows for separation of office and support functions across the campus. Rental income is noted as available, and investors are welcome.
    Location Intelligence

    Current Use by Public Records

    Harms Heating & Cooling ... HVAC Service Huff Construction Construction Company Grote Sheet Metal Hardware & Home Improvement American National Insurance ... Insurance Agency

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.475671
    Latitude
    45.466435

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    FAQs

    What type of property is this?
    Flex space - Two-building flex property with office space and cold storage, fenced yard beside train tracks, offered for sale.
    Where is this flex space located?
    The property is located at 11 N DAKOTA Street Aberdeen, SD.
    What is the asking price?
    The asking price for this property is $1,095,000.
    What are key features of this property?
    This property features: Two buildings included: Building 1 (10,000+ sq ft with office space, cold storage, and climate‑controlled space) and Building 2 (4,000 sq ft with conference room and climate‑controlled office space).; Income potential: Rent income is available, making it attractive for investors.; Building 1 features: 8 office spaces, reception area, 3 bathrooms, 4,212 sq ft of cold storage, and 5,394 sq ft of climate‑controlled space.
    (605) 225-7179
    We can help!
    Listing Contact
    Ashton Davis
    Ashton Davis
    Real Estate License ID: 20519
    Learn More
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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.

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