Building Details

Year built 2007

Listing Agency: JARK REAL ESTATE

Listed By: Nancy Jark · License #no data Show Phone

Added: Aug 27 Changed: Sep 4 Last Checked: Oct 5 at 5:06PM

Report an Issue

MLS# 26-592

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.

Investment Insights

Based on property information with market context.

This warehouse property includes a larger building with an overhead door and a smaller 20-by-40-foot garage. The larger structure has a dirt floor, while the garage is primarily finished with concrete flooring. Combined building area is 2,800 square feet, providing functional space for storage or related warehouse use.

Constructed in 2007, the property is located at 136 Rondell Avenue in Stratford, South Dakota. The two-building configuration offers separate areas for storage, equipment, or other activities supported by the existing improvements.

Key Highlights

• 2,800 square feet of combined building area
• 20‑by‑40‑foot garage with primarily concrete flooring
• Larger building includes an overhead door

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$7,711

Cap Rate

5.14%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$154,220 $154.2K

Cap Rate 7%

$110,157 $110.2K

Cap Rate 9%

$85,678 $85.7K

Market Conditions

NOI Build-Up for 2,800 SF

Gross rent

$9.1K $3.24/SF

− Vacancy

$0 $0.00/SF

EGI

$9.1K $3.24/SF

− OpEx

−$1.4K −$0.49/SF

NOI

$7.7K $2.75/SF

Area

Brown County, SD

Vacancy

0.00%

Lease Rate

$3.24 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$154,220

Cap Rate 7%

$110,157

Cap Rate 9%

$85,678

Alternative Uses

Best Use

Warehouse

$110.2K

$96.4K – $128.5K (±1% cap)

NOI $7,711 @ 7.0% cap · market cap 5.14%

Second Best

—

—

no second resolved use

Theoretical Best

Healthcare Medical

$488.9K

$427.8K – $570.4K (±1% cap)

NOI $34,222 @ 7.0% cap · market cap 22.81%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

Unlock full access to Insights Subscribe to Realmo Intelligence

Open Analytics

Current Use

Warehouses

Suggested Use

Top Pick Restaurant Bar & Pub

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

11

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 57474, SD

259

Population

101

Households

2.6

Avg Household Size

40

Median Age

30%

College-Educated

100%

High-School Grad

80.6 sq mi

ZIP Area

3

Density / Sq Mi

$95,000

Median Household Income

$28,088

Median Earnings

$215,900

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Warehouse - Two structures provide storage space with mixed flooring and an overhead door.

Where is this warehouse located?

The property is located at 136 Rondell Avenue Stratford, SD.

What is the asking price?

The asking price for this property is $150,000.

What are key features of this property?

This property features: 2,800 square feet of combined building area; 20‑by‑40‑foot garage with primarily concrete flooring; Larger building includes an overhead door