New Industrial
For Sale
$875,000
1100 E David Pl, Tea, SD 57064
COMMERCIAL, Tea, SD
Property Size6,740 SF
Lot Size0.58 Acres
Price / SF$129.82
Days on Market246
Property Features for 1100 E David Pl
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
I-1 Light Industrial
Security features
Security Lighting
Subdivision
Trevan Addition to the City of Tea
Directions
From corner of 271st St & Katie Rd, N to Austin St, W to Ginger Ave, N to David Pl
Standard status
Active
Size
6,740 SF
Lot size
0.58 Acres
Utilities
Utilities
Water Available
Building Details
Year built
2025
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: Feb 19
Changed: Oct 23
Last Checked: Oct 23 at 8:06PM
MLS# 22601140
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.
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This under-construction warehouse offers 6,740 square feet on 0.5815 acres within Tea city limits. The frame building will feature 18-foot sidewalls, a 16-foot overhead door, a concrete floor with a floor drain and oil/water separator, and a metal roof. Interior planning allows the buyer to determine the placement of the office and restroom, while additional buildout specifications can be incorporated into the current construction. A hanging forced-air heater is included, along with a paved parking area containing 19 spaces.
The property provides direct access from Ginger Ave and David Place and connects to city water and sewer. I-29 access is available via Exit 73. Zoning is I-1 Light Industrial. Remaining lots in the development can accommodate a fully customized building with a different size, subject to the stated build-to-suit offering.
The property provides direct access from Ginger Ave and David Place and connects to city water and sewer. I-29 access is available via Exit 73. Zoning is I-1 Light Industrial. Remaining lots in the development can accommodate a fully customized building with a different size, subject to the stated build-to-suit offering.
Key Highlights
- 6,740‑square‑foot warehouse on a 0.5815‑acre lot
- 18' sidewalls with a 16' overhead door
- Buyer can specify interior buildout, including office and restroom placement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$55,358
Cap Rate
6.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,107,160
$1.1M
Cap Rate 7%
$790,829
$790.8K
Cap Rate 9%
$615,089
$615.1K
Market Conditions
NOI Build-Up for 6,740 SF
Gross rent
$94.6K $14.04/SF
− Vacancy
−$9.5K −$1.40/SF
EGI
$85.2K $12.64/SF
− OpEx
−$29.8K −$4.42/SF
NOI
$55.4K $8.21/SF
Area
Lincoln County, SD
Vacancy
10.00%
Lease Rate
$14.04 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,107,160
Cap Rate 7%
$790,829
Cap Rate 9%
$615,089
Alternative Uses
Best Use
Flex RnD
$790.8K
$692.0K – $922.6K
NOI $55,358 @ 7.0% cap · market cap 6.33%
Second Best
Warehouse
$662.9K
$580.1K – $773.4K
NOI $46,405 @ 7.0% cap · market cap 5.30%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,740 @ 7.0% cap · market cap 11.97%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57064, SD
6,908
Population
2,652
Households
2.6
Avg Household Size
31
Median Age
39%
College-Educated
98%
High-School Grad
25.6 sq mi
ZIP Area
270
Density / Sq Mi
$104,351
Median Household Income
$54,400
Median Earnings
$1,132
Median Rent
$330,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Solid As A Rock Storage — Delapre Township, SD 57064
- Tea Storage — 27112 Grummand Ave, Tea, SD 57064
- Blue Door RV & Trailer Outdoor Storage — 27085 Gayle Ave, Tea, SD 57064
- AGA Storage — 27088 Thomas Ave, Tea, SD 57064
- Five Star Storage — 27058 Katie Rd, Tea, SD 57064
Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction warehouse with buyer-directed interior buildout, heated workspace, and city water and sewer connections.
Where is this warehouse located?
The property is located at 1100 E David Pl Tea, SD.
What is the asking price?
The asking price for this property is $875,000.
What are key features of this property?
This property features: 6,740‑square‑foot warehouse on a 0.5815‑acre lot; 18' sidewalls with a 16' overhead door; Buyer can specify interior buildout, including office and restroom placement
