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    Restaurant and Café Facility Title is generated by Realmo AI

    1124 S Washington Street, Aberdeen, SD 57401

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    For Sale
    $210,000

    COMMERCIAL - Aberdeen, SD

    Property size:
    2,163 SF
    Price / SF:
    $97/SF
    Added:
    Feb 26, 2026
    Days on Market:
    98
    Last Refresh:
    Jun 4 at 2:06 am

    Property Features for 1124 S Washington Street

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    2,163 SF

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    S2 LT 6 BK 35 THOMAS ADD & S 2''3'' LT 1 ANNA KAVENS BROWN COUNTY SOUTH DAKOTA
    Tax Annual Amount
    1957

    Building Details

    Year built
    1905

    We can help!

    Listing Contact
    Joni Napton

    Listing agent Joni Napton

    Listing office JARK REAL ESTATE 221 S 1ST STREET, ABERDEEN, SD

    Listing date Feb 26, 2026

    MLS# 25-641

    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.

    HighLights

    • Commercial property for sale, ideal for a restaurant or cafe.
    • Ready‑made infrastructure is already in place.
    • Combines character and convenience.
    • Potential to adapt to meet specific needs.
    • Current lease in place.
    • Built in 1905.

    Overview

    This for-sale commercial property is presented as a restaurant and café-ready facility, with ready-made infrastructure intended to support food and beverage concepts. The offering is positioned as a character-driven space that can work for operators looking to start with an existing restaurant/café setup, while also allowing adaptation to meet different needs.

    The property is located at 1124 S Washington Street in Aberdeen, South Dakota, in Brown County. Public remarks indicate a current lease is in place, and details can be provided through a Realtor.

    From a tenant and buyer perspective, the combination of restaurant/café orientation and in-place leasing can support buyers seeking an operator-friendly food service setting, or parties planning to evaluate renewal and potential reconfiguration based on their concept. Interested users should contact their broker for the lease terms and any additional information needed to underwrite the current occupancy and future use.
    Property Profile Location Intelligence

    Current Use by Public Records

    Saigon House Vietnamese ... Restaurant

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Imperial Buffet — 311 S Main St, Aberdeen, SD 57401

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.485519
    Latitude
    45.452929

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    FAQs

    What type of property is this?
    Conventional restaurant - For-sale restaurant property with existing lease in place and infrastructure suited to restaurateurs and cafes.
    Where is this conventional restaurant located?
    The property is located at 1124 S Washington Street Aberdeen, SD.
    What is the asking price?
    The asking price for this property is $210,000.
    What are key features of this property?
    This property features: Commercial property for sale, ideal for a restaurant or cafe.; Ready‑made infrastructure is already in place.; Combines character and convenience.
    (605) 725-2228
    We can help!
    Listing Contact
    Joni Napton
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    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.

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