Storage Condo Unit with Overhead
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# 22603731
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.
For sale storage condo/warehouse unit in Tea, South Dakota, offered as a 28' x 53' space with a 16' x 14' overhead door. The unit is planned to be customizable to buyer specifications, with plumbing stubbed in for a future buildout. City water and sewer access are available within Tea city limits. Zoning is PD (Planned Development), supporting flexible development within the project framework.
Located at 2600 N Ginger Ave in Tea, the property is described as being just blocks from Tea’s newest residential developments. It also provides convenient access to I-29 via the Tea Exit (Exit 73) and is less than a half mile north of 271st Street. The estimated completion/occupancy date is September 2026. Seller is related to a licensed real estate agent in South Dakota.
Located at 2600 N Ginger Ave in Tea, the property is described as being just blocks from Tea’s newest residential developments. It also provides convenient access to I-29 via the Tea Exit (Exit 73) and is less than a half mile north of 271st Street. The estimated completion/occupancy date is September 2026. Seller is related to a licensed real estate agent in South Dakota.
Key Highlights
- Large 28' x 53' storage condo unit.
- Customizable to buyer specifications.
- Plumbing stubbed in for future buildout with city water and sewer access.
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
Self Storage
$136.0K
$119.0K – $158.7K
NOI $9,519 @ 7.0% cap · market cap 4.76%
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
Self storage facilities
FAQs
What type of property is this?
Self storage facility - 28-by-53 storage condo includes a 16-by-14 overhead door and plumbing stubbed for future buildout.
Where is this self storage facility 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.; Plumbing stubbed in for future buildout with city water and sewer access.
