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    400 Gold Cir, Unit 130 Dakota Dunes, SD 57049

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    For Lease
    $750 /Mo ($3 SF/Yr)

    Coffee shop for rent with free rent first year!

    Property size:
    2,538 SF
    Lot size:
    2,538 SF

    Property Features for 400 Gold Cir

    General Information

    Size
    2,538 SF

    Building Details

    Year built
    2018

    We can help!

    Listing Contact
    Chris Bogenrief, SIOR, CCIM, MBA
    Source: Naiglobal

    Listing Agent: Chris Bogenrief, SIOR, CCIM, MBA

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Coffee Shop with Free Rent

    This commercial space, suitable for coffee shops or restaurants, offers a unique opportunity with a free rent incentive for the first year. Following the initial year, the tenant will be responsible for operating expenses and utilities, estimated at $750 per month, which equates to approximately $5.18 per square foot plus $2 per square foot, or 10% of gross revenue, whichever is greater. The property requires the tenant to provide a mobile app featuring curbside delivery service to three exclusive parking spaces. Signage options include both building and monument signage. The building is expected to house at least 75 employees. The space is offered as-is, and no furniture, fixtures, or equipment (FF&E) are available. The property is located just off I-29 at the Dakota Dunes Exit 1 and has a size of 2538 square feet.
    Location Intelligence

    Current Use by Public Records

    NAI United Commercial Real Estate Agency United Real Estate ... Real Estate Agency Limitless Male Medical ... Medical Clinic Aerotek Employment Agency United Realty Corporate Office

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Clothing Store Hotel & Motel Pharmacy

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

    Similar Places Nearby

    Gourmet Cafe

    Location Insight

    • Map
    • Local Demand
    City
    Dakota Dunes
    County
    Union
    State
    South Dakota
    Longitude
    -96.4904543
    Latitude
    42.5026211

    Nearby Similar for Lease

    • $15 SF/Yr
      8,817 SF

      Retail/Office Space For Lease

      Former retail store suitable for office, medical, or drive-through.
      200 Gold Cir, Dakota Dunes, SD 57049
      View Details
    • $3,000 /Mo
      10,500 SF

      Class A Office Space Available

      2,250 SF Dakota Dunes office space for lease.
      370 West Anchor Dr, Dakota Dunes, SD 57049
      View Details
    • $20 SF/Yr
      5,748 SF

      Gold Circle Executive Suites

      Prestigious Dakota Dunes office space.
      400 Gold Cir, Dakota Dunes, SD 57049
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    FAQs

    What type of property is this?
    Coffee shop - Coffee shop for rent with free rent first year!
    Where is this coffee shop located?
    The property is located at 400 Gold Cir, Unit 130 Dakota Dunes, SD.
    What is the lease rate?
    The lease rate is $3 SF/Yr.
    What are key features of this property?
    This property features: - FREE RENT for the first year!; - Low rent after the first year: operating expenses & utilities estimated at $750/month or 10% of gross revenue, whichever is greater.; - High foot traffic potential with at least 75 employees in the building.
    (712) 204-6261
    Request Owner's contact information
    400 Gold Cir, Unit 130 Dakota Dunes, SD 57049
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    Dakota Dunes, SD 57049
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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.

    More about this property
    400 Gold Cir, Unit 130 Dakota Dunes, SD 57049
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    We can help!
    Listing Contact
    Chris Bogenrief, SIOR, CCIM, MBA
    (712) 204-6261
    Learn more
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