Flex Warehouse and Office
For Sale
$960,000
2821 8th Avenue, Aberdeen, SD 57401
COMMERCIAL - Aberdeen, SD
Property Size10,700 SF
Lot Size2.60 Acres
Price / SF$89.72
Days on Market34
Property Features for 2821 8th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Size
10,700 SF
Lot size
2.60 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 4 Nordstrom-Pierson ADD SW 8-123-63 (Nordstrom 1st SD Cutler OL)
Tax Annual Amount
7565
Legal Description
LT 4 Nordstrom-Pierson ADD SW 8-123-63 (Nordstrom 1st SD Cutler OL)
Building Details
Year built
1978
Listing Agency:
Dakota Plains Real Estate & Development
(605) 225-1800
Listed By:
Sterling Jones
(605) 225-1800
Added: Jun 30
Last Checked: Aug 2 at 12:06AM
MLS# 26-280
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.
Two separate buildings are offered on approximately 2.6 acres. The storage shop building includes two double shops and a single shop, and it is currently bringing $2,950 per month; the property also includes boiler in-floor heat in that building.
The main building is described as offering a flexible configuration, including room for office use, a heated shop/warehouse area, and cold storage at the rear.
The buildings are suited to tenants seeking a mix of office space and warehouse or storage functions, with floor-heated shop space included in the storage-shop building.
The main building is described as offering a flexible configuration, including room for office use, a heated shop/warehouse area, and cold storage at the rear.
The buildings are suited to tenants seeking a mix of office space and warehouse or storage functions, with floor-heated shop space included in the storage-shop building.
Key Highlights
- Two buildings on 2.6 acres.
- Income‑generating storage shops bringing in $2,950 per month.
- Storage shops feature comfortable boiler in‑floor heat.
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 | $141.2k | $13.20 |
| − Vacancy | −$14.1k | −$1.32 |
| EGI | $127.1k | $11.88 |
| − OpEx | −$44.5k | −$4.16 |
| NOI | $82.6k | $7.72 |
10,700 SF · lease $13.20/SF/yr · vacancy 10.00% · expense 35.00%
Alternative Uses
Best Use
Office B
$1.38M
$1.20M – $1.61M
NOI $96,300 @ 7.0% cap · market cap 10.03%
Second Best
Flex RnD
$1.18M
$1.03M – $1.38M
NOI $82,625 @ 7.0% cap · market cap 8.61%
Theoretical Best
Healthcare Medical
$1.87M
$1.63M – $2.18M
NOI $130,775 @ 7.0% cap · market cap 13.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
82
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57401, SD
32,275
Population
15,016
Households
2.1
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
278.8 sq mi
ZIP Area
116
Density / Sq Mi
$68,183
Median Household Income
$40,562
Median Earnings
$787
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two buildings total on 2.6 acres, including storage shops with multiple doors, floor heat, and a heated office/warehouse setup.
Where is this flex space located?
The property is located at 2821 8th Avenue Aberdeen, SD.
What is the asking price?
The asking price for this property is $960,000.
What are key features of this property?
This property features: Two buildings on 2.6 acres.; Income‑generating storage shops bringing in $2,950 per month.; Storage shops feature comfortable boiler in‑floor heat.
