Versatile Commercial Property in Tea,
27083 Katie Rd Tea, SD
27083 Katie Rd, Tea, SD, 00000
Contact for pricing
For Sale
Contact for pricing
Multi-use commercial property with offices, recreation, and storage units.
Property Size18,970 SF
Lot Size2.64 Acres
Price / SF$98.84
Days on Market704
Property Features for 27083 Katie Rd
General Information
- Standard status
- Active
- Size
- 18,970 SF
- Lot size
- 2.64 Acres
- Property subtype
- INDUSTRIAL
Listing Agency
Vantis Commercial
(605) 321-8215
Listed by
Tom Van Ginkel · License #23912
Source
Moodyscre
Added: Aug 16, 2024 Checked: Jul 19 at 5:08 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Vantis Commercial
Investment Insights
Based on property information with market context.
This commercial property features two offices, a conference room, two restrooms, and a large reception area, complemented by an 1,800-square-foot mezzanine. The building includes 20-foot sidewalls and is equipped with 3-phase power. Access is facilitated by one 16’x14’ overhead door and one 12’x12’ overhead door. The property benefits from in-floor heating and full air conditioning throughout the entire building. Recreational amenities include a regulation-size basketball court with six hoops, and two volleyball courts overlaid on the basketball court. Additionally, there are twelve RV storage units, which are currently fully leased. The property also features a paved parking lot. The building has a total size of 18,970 square feet and is located in Tea, South Dakota.
Key Highlights
- 12 RV storage units (fully leased) providing immediate income.
- 1,800SF mezzanine offering additional flexible space.
- Entire building has A/C, in floor heat, and 3 Phase Power.
Local 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 | $170.7k | $9.00 |
| − Vacancy | −$17.1k | −$0.90 |
| EGI | $153.7k | $8.10 |
| − OpEx | −$23.0k | −$1.21 |
| NOI | $130.6k | $6.89 |
18,970 SF · lease $9.00/SF/yr · vacancy 10.00% · expense 15.00%
Alternative Uses
Best Use
Retail
$2.54M
$2.22M – $2.96M
NOI $177,832 @ 7.0% cap · market cap 9.48%
Second Best
Warehouse
$1.87M
$1.63M – $2.18M
NOI $130,608 @ 7.0% cap · market cap 6.97%
Theoretical Best
Office A
$4.21M
$3.68M – $4.91M
NOI $294,794 @ 7.0% cap · market cap 15.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Venom Events Center
Sports Field & Court
Similar For Sale Nearby
Similar Off Market Nearby
- MiStar Storage — 46952 Mindy St, Tea, SD 57064
- Solid As A Rock Storage — Delapre Township, SD 57064
- Brusky LLC — 47005 Mindy St, Tea, SD 57064
- Tea Storage — 27112 Grummand Ave, Tea, SD 57064
- Tea RV Storage — 27160 470th Ave Ste A, Tea, SD 57064
FAQs
What type of property is this?
Warehouse - Multi-use commercial property with offices, recreation, and storage units.
Where is this warehouse located?
The property is located at 27083 Katie Rd Tea, SD.
What is the asking price?
The asking price for this property is $1,875,000.
What are key features of this property?
This property features: 12 RV storage units (fully leased) providing immediate income.; 1,800SF mezzanine offering additional flexible space.; Entire building has A/C, in floor heat, and 3 Phase Power.
