Flex Warehouse with Cold
For Sale
Contact for pricing
Pending
11 N Dakota Street, Aberdeen, SD 57401
Two-building flex property includes climate-controlled space and cold storage, plus fenced yard area by train tracks.
Property Size14,490 SF
Days on Market636
Property Features for 11 N Dakota Street
General Information
Standard status
Pending
Size
14,490 SF
Property subtype
Special Purpose
Building Details
Year Built
1940
Tenancy
Single
Listing Agency:
Century 21 Northern Advantage
Listed By:
Ashton Davis · License #SD20519
(605) 228-1067
Source:
Crexi
Added: Dec 8, 2024
Changed: Sep 2
Last Checked: Aug 31 at 9:43PM
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 Century 21 Northern Advantage
Investment Insights
Based on property information with market context.
This Huff Construction flex property includes two buildings with office and warehousing components. Building 1 spans over an acre and features 8 office spaces, a front reception area, three bathrooms, 4,212 square feet of cold storage, and 5,394 square feet of climate-controlled space. The interior was freshly remodeled in 2012, and a fenced-off yard sits next to the train tracks. Signage is sold with the building.
Building 2 totals 4,000 square feet in addition to the space described within the property: 1,720 square feet of conference room, 2,280 square feet of climate-controlled office space, and it is situated in front of Building 1.
The property is offered for sale with street frontage and visibility on N Dakota St in Aberdeen, South Dakota, in a high-traffic area.
Building 2 totals 4,000 square feet in addition to the space described within the property: 1,720 square feet of conference room, 2,280 square feet of climate-controlled office space, and it is situated in front of Building 1.
The property is offered for sale with street frontage and visibility on N Dakota St in Aberdeen, South Dakota, in a high-traffic area.
Key Highlights
- Two‑building flex property (Huff Construction) built in 1940 with climate‑controlled space plus cold storage
- Building 1: 10,000+ SF with 8 office spaces, front reception, 3 bathrooms, 4,212 SF cold storage, and 5,394 SF climate‑controlled space
- Building 1 includes fresh interior remodel in 2012 and a fenced‑off yard area next to the train tracks
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$39,905
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.03%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$798,100
$798.1K
Cap Rate 7%
$570,071
$570.1K
Cap Rate 9%
$443,389
$443.4K
Market Conditions
NOI Build-Up for 14,490 SF
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.
Gross rent
$46.9K $3.24/SF
− Vacancy
$0 $0.00/SF
EGI
$46.9K $3.24/SF
− OpEx
−$7.0K −$0.49/SF
NOI
$39.9K $2.75/SF
Area
Brown County, SD
Vacancy
0.00%
Lease Rate
$3.24 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$798,100
Cap Rate 7%
$570,071
Cap Rate 9%
$443,389
Alternative Uses
Best Use
Office B
$1.86M
$1.63M – $2.17M
NOI $130,410 @ 7.0% cap · market cap 19.71%
Second Best
Flex RnD
$1.60M
$1.40M – $1.86M
NOI $111,892 @ 7.0% cap · market cap 16.91%
Theoretical Best
Healthcare Medical
$2.53M
$2.21M – $2.95M
NOI $177,097 @ 7.0% cap · market cap 26.77%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,016
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57401, SD
32,275
Population
15,016
Households
2.1
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
278.8 sq mi
ZIP Area
116
Density / Sq Mi
$68,183
Median Household Income
$40,562
Median Earnings
$787
Median Rent
$216,300
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Canterbury Deli & Catering — 412 S Main St, Aberdeen, SD 57401
- Aberdeen Catering Company — 719 N Main St, Aberdeen, SD 57401
Frequently Asked Questions
What type of property is this?
Flex space - Two-building flex property includes climate-controlled space and cold storage, plus fenced yard area by train tracks.
Where is this flex space located?
The property is located at 11 N Dakota Street Aberdeen, SD.
What is the asking price?
The asking price for this property is $661,500.
What are key features of this property?
This property features: Two‑building flex property (Huff Construction) built in 1940 with climate‑controlled space plus cold storage; Building 1: 10,000+ SF with 8 office spaces, front reception, 3 bathrooms, 4,212 SF cold storage, and 5,394 SF climate‑controlled space; Building 1 includes fresh interior remodel in 2012 and a fenced‑off yard area next to the train tracks
