Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    New Self-Storage Facility with Expansion Title is generated by Realmo AI

    TBD Antelope Flats Drive, Box Elder, SD 57719

    View on Map
    Claim this Listing
    For Sale
    $399,900

    Warehouse - Box Elder, SD

    Type:Warehouse
    Property size:
    2,800 SF
    Lot size:
    5.00 Acres
    Price / SF:
    $142/SF
    Added:
    Feb 4, 2026
    Days on Market:
    107
    Last Refresh:
    May 22 at 1:06 am

    Property Features for TBD Antelope Flats Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Warehouse
    Exterior features
    Fenced Perimeter
    Fencing
    Fenced, Perimeter
    Standard status
    Active
    Size
    2,800 SF
    Lot size
    5.00 Acres

    Building Details

    Year built
    2022
    Architectural style
    Other

    We can help!

    Listing Contact
    Will Dixon
    Will Dixon

    Listing agent Will Dixon

    Listing office Keller Williams Realty Black Hills RC 2401 W Main Street, Rapid City, SD

    Listing date Feb 4, 2026

    MLS# 87373 Listing URL

    Copyright © 2026 Mt. Rushmore Area Association 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.

    HighLights

    • High Income Potential: Approaching $30,000 potential gross annual income.
    • Expansion Opportunity: Approximately 5 additional acres available for expansion.
    • Newer Construction: Built in 2022, ensuring modern standards and minimal maintenance.
    • Multiple Revenue Streams: Includes 26 storage units and 9 outdoor parking spaces.
    • Durable Construction: Steel building with concrete floors designed for low maintenance.
    • Easy Management: Layout and access designed for efficient tenant management.

    Overview

    A-Patriot Storage is a self-storage facility constructed in 2022. The steel-constructed building is 2,800 square feet and contains 26 storage units of varying sizes, featuring concrete floors. The property also includes 9 outdoor parking spaces suitable for RV, trailer, and vehicle storage. The estimated potential gross annual income approaches $30,000. The property has approximately 5 additional acres available for expansion with additional units, increasing income and overall property value. The property is located in Box Elder, SD.

    Financial Insights

    Value Estimation Calculated for Self Storage

    Conservative
    $251.1K
    NOI $22,597 @ 9.00% cap · cautious / downside scenario
    Moderate
    $322.8K
    NOI $22,597 @ 7.00% cap · market / base-case scenario
    Aggressive
    $451.9K
    NOI $22,597 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    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.
         Calculated for Self Storage

    Component $ $/SF
    Gross rent $35.3k $12.60
    − Vacancy −$3.0k −$1.07
    EGI $32.3k $11.53
    − OpEx −$9.7k −$3.46
    NOI $22.6k $8.07
    2,800 SF · lease $12.60/SF/yr · vacancy 8.50% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Self Storage
    $322.8K
    $282.5K – $376.6K (±1% cap)
    NOI $22,597 @ 7.0% cap · market cap 5.65%
    Second Best
    Industrial
    $204.2K
    $178.7K – $238.2K (±1% cap)
    NOI $14,294 @ 7.0% cap · market cap 3.57%
    Theoretical Best
    Specialty Retail
    $507.6K
    $444.2K – $592.2K (±1% cap)
    NOI $35,532 @ 7.0% cap · market cap 8.89%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Box Elder
    County
    Pennington
    State
    South Dakota
    Longitude
    -102.972
    Latitude
    44.0896

    Nearby Similar for Sale

    • $4,150,000

      Single-Family Rental Portfolio in Box Elder

      19 single-family homes near Ellsworth Air Force Base.
      270 Landmark Court, Box Elder, SD 57719
      View Details
    • $3,000,000
      16,000 SF

      New Industrial Warehouse in Box Elder

      New construction warehouse on 1.91 acres, ready for occupancy.
      4651 Seger Drive, Box Elder, SD 57719
      View Details
    • $699,000

      Commercial Property in Box Elder

      Commercial property for sale in Box Elder, South Dakota.
      4600 E Mall Dr, Box Elder, SD, 57719
      View Details
    • $1.00
      10,000 SF

      New Construction Warehouse/Office Space

      New construction warehouse with office space for sale or lease.
      353 Americas Way, Box Elder, SD 57701
      View Details
    • $350,000

      Radar Hill Drive Property

      Property for sale in Box Elder, South Dakota.
      14810 RADAR HILL DR, Box Elder, SD 57719
      View Details

    FAQs

    What type of property is this?
    Self storage facility - New self-storage facility with income stream and expansion potential.
    Where is this self storage facility located?
    The property is located at TBD Antelope Flats Drive Box Elder, SD.
    What is the asking price?
    The asking price for this property is $399,900.
    What are key features of this property?
    This property features: High Income Potential: Approaching $30,000 potential gross annual income.; Expansion Opportunity: Approximately 5 additional acres available for expansion.; Newer Construction: Built in 2022, ensuring modern standards and minimal maintenance.
    (605) 390-1140
    We can help!
    Listing Contact
    Will Dixon
    Will Dixon
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    TBD Antelope Flats Drive, Box Elder, SD 57719
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!