Stand-Alone Industrial
1100 E David Pl Tea, SD 57064
For Sale
$875,000
COMMERCIAL - Tea, SD
Property Size6,740 SF
Lot Size0.58 Acres
Price / SF$129.82
Days on Market156
Property Features for 1100 E David Pl
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- I-1 Light Industrial
- Security features
- Security Lighting
- Standard status
- Active
- Size
- 6,740 SF
- Lot size
- 0.58 Acres
Utilities
- Utilities
- Water Available
Building Details
- Year built
- 2025
- Floors in Building
- 1
- Flooring type
- Concrete
- Building materials
- Frame
- Roof type
- Metal
Listing Agency:
Better Homes and Gardens Real Estate Beyond
(605) 275-4663
Listed By:
Brian Smit
(605) 413-7522
Added: Feb 19
Changed: Jul 25
Last Checked: Jul 25 at 6:06AM
MLS# 22601140
Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This new stand-alone shop/warehouse is under construction on a 0.58-acre lot in Tea, South Dakota, with an estimated completion date of May 2026. The building is designed with 18' sidewalls and a 16' overhead door. Construction includes an insulated heated interior with a hanging forced-air heater, along with a concrete floor featuring a floor drain and an oil/water separator. An office and restroom are included, with the buyer able to determine the office and restroom location. Paved parking is provided with 19 spaces.
The property is within Tea city limits and connected to city water and sewer. Direct access is available onto Ginger Ave and David Place, with convenient access to I-29 via Exit 73.
If a different sized building is needed, the development offers remaining lots for a customized build to suit construction on that site plan.
The property is within Tea city limits and connected to city water and sewer. Direct access is available onto Ginger Ave and David Place, with convenient access to I-29 via Exit 73.
If a different sized building is needed, the development offers remaining lots for a customized build to suit construction on that site plan.
Key Highlights
- New construction shop/warehouse with customizable buildout options.
- Convenient access to I‑29 (Exit 73).
- Rare industrial property under 10,000 sq ft in the Sioux Falls area.
Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.6k | $14.04 |
| − Vacancy | −$9.5k | −$1.40 |
| EGI | $85.2k | $12.64 |
| − OpEx | −$29.8k | −$4.42 |
| NOI | $55.4k | $8.21 |
6,740 SF · lease $14.04/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$790.8K
$692.0K – $922.6K
NOI $55,358 @ 7.0% cap · market cap 6.33%
Second Best
Warehouse
$662.9K
$580.1K – $773.4K
NOI $46,405 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,740 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
FAQs
What type of property is this?
Flex space - New stand-alone warehouse on a 0.58-acre lot with 18' sidewalls and a 16' overhead door.
Where is this flex space located?
The property is located at 1100 E David Pl Tea, SD.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: New construction shop/warehouse with customizable buildout options.; Convenient access to I‑29 (Exit 73).; Rare industrial property under 10,000 sq ft in the Sioux Falls area.
