Leased Office
For Sale
$1,100,000
1707 4th Avenue, Aberdeen, SD 57401
Commercial, Aberdeen, SD
Property Size6,480 SF
Price / SF$169.75
Days on Market68
Property Features for 1707 4th Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Aberdeen - City
Standard status
Active
Size
6,480 SF
Taxes and HOA fees
Tax Annual Amount
8748
Building Details
Year built
1991
Listing Agency:
Dakota Plains Real Estate & Development
(605) 225-1800
Listed By:
Robin (Rob) K Johnson · License #15391
(218) 820-2431
Added: Jul 30
Changed: Sep 6
Last Checked: Oct 5 at 4:06PM
MLS# 26-521
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.
Investment Insights
Based on property information with market context.
Built in 1991, this 6,480-square-foot office building provides a professional commercial setting with an existing lease in place. The property is reported as 100% leased, offering an established occupancy profile for an office building buyer.
The building is located just off East Highway 12 in Aberdeen, South Dakota. Property tours require at least 24 hours’ notice and are available on weekdays after 5 p.m.
The building is located just off East Highway 12 in Aberdeen, South Dakota. Property tours require at least 24 hours’ notice and are available on weekdays after 5 p.m.
Key Highlights
- 6,480‑square‑foot office building
- Built in 1991
- 100% leased
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$58,320
Cap Rate
5.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,400
$1.2M
Cap Rate 7%
$833,143
$833.1K
Cap Rate 9%
$648,000
$648.0K
Market Conditions
NOI Build-Up for 6,480 SF
Gross rent
$97.2K $15.00/SF
− Vacancy
−$19.4K −$3.00/SF
EGI
$77.8K $12.00/SF
− OpEx
−$19.4K −$3.00/SF
NOI
$58.3K $9.00/SF
Area
Brown County, SD
Vacancy
20.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,166,400
Cap Rate 7%
$833,143
Cap Rate 9%
$648,000
Alternative Uses
Best Use
Office B
$833.1K
$729.0K – $972.0K
NOI $58,320 @ 7.0% cap · market cap 5.30%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$1.13M
$990.0K – $1.32M
NOI $79,199 @ 7.0% cap · market cap 7.20%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office building - Professional office property with established occupancy and convenient access near East Highway 12.
Where is this office building located?
The property is located at 1707 4th Avenue Aberdeen, SD.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 6,480‑square‑foot office building; Built in 1991; 100% leased
