Storage Condo Warehouse
2600 N Ginger Ave Tea, SD 57064
For Sale
$200,000
COMMERCIAL - Tea, SD
Property Size1,484 SF
Lot Size0.03 Acres
Price / SF$134.77
Days on Market68
Property Features for 2600 N Ginger Ave
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Property condition
- Under Construction
- Zoning
- PD (Planned Development)
- Security features
- Security Lighting
- Standard status
- Active
- Lot size
- 0.03 Acres
Taxes and HOA fees
- Tax Annual Amount
- 1
Utilities
- Utilities
- Water Available
Building Details
- Year built
- 2026
- 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: May 19
Changed: Jul 25
Last Checked: Jul 25 at 6:06AM
MLS# 22603733
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 storage condo warehouse unit measures 28' x 53' and includes a 16' x 14' overhead door. Plumbing is stubbed in for a future buildout, and the unit has access to city water and sewer within Tea city limits. The property is designated PD (Planned Development).
Located at 2600 N Ginger Ave in Tea, South Dakota, the unit is just blocks from Tea’s newest residential developments. It is also positioned for access to I-29 via the Tea Exit (Exit 73) and is less than a half mile north of 271st Street. Estimated completion/occupancy is September 2026.
Located at 2600 N Ginger Ave in Tea, South Dakota, the unit is just blocks from Tea’s newest residential developments. It is also positioned for access to I-29 via the Tea Exit (Exit 73) and is less than a half mile north of 271st Street. Estimated completion/occupancy is September 2026.
Key Highlights
- Large 28' x 53' storage condo unit customizable to buyer specifications.
- Convenient location near I‑29 (Exit 73) and 271st Street in Tea, SD.
- Plumbing stubbed in for future buildout with access to city water and sewer.
Financial Insights For Warehouse
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 | $13.4k | $9.00 |
| − Vacancy | −$1.3k | −$0.90 |
| EGI | $12.0k | $8.10 |
| − OpEx | −$1.8k | −$1.21 |
| NOI | $10.2k | $6.89 |
1,484 SF · lease $9.00/SF/yr · vacancy 10.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$146.0K
$127.7K – $170.3K
NOI $10,217 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.4K
$288.3K – $384.4K
NOI $23,061 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar Off Market Nearby
- Blue Door RV & Trailer Outdoor Storage — 27085 Gayle Ave, Tea, SD 57064
- AGA Storage — 27088 Thomas Ave, Tea, SD 57064
- Smith Storage Rentals — 27074 Kerslake Pl, Tea, SD 57064
- Five Star Storage — 27058 Katie Rd, Tea, SD 57064
- Solid As A Rock Storage — Delapre Township, SD 57064
FAQs
What type of property is this?
Warehouse - Storage condo unit with a 16' x 14' overhead door and stubbed plumbing for future buildout.
Where is this warehouse located?
The property is located at 2600 N Ginger Ave Tea, SD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: Large 28' x 53' storage condo unit customizable to buyer specifications.; Convenient location near I‑29 (Exit 73) and 271st Street in Tea, SD.; Plumbing stubbed in for future buildout with access to city water and sewer.
