Storage Condo Warehouse
For Sale
$200,000
2600 N Ginger Ave, Tea, SD 57064
COMMERCIAL, Tea, SD
Property Size1,484 SF
Lot Size0.03 Acres
Price / SF$134.77
Days on Market150
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Property Features for 2600 N Ginger Ave
General Information
Property type
Commercial Sale
Property subtype
Other
Property condition
Under Construction
Zoning
PD (Planned Development)
Security features
Security Lighting
Subdivision
Trevan Addition to the City of Tea
Directions
From corner of 271st St & 469th Ave, 1/2 mile north to Madison St, east to Ginger Ave, 1 blk south.
Standard status
Active
Lot size
0.03 Acres
Taxes and HOA fees
Tax Annual Amount
1
Utilities
Utilities
Water Available
Building Details
Year built
2026
Floors in Building
1
Flooring type
Concrete
Building materials
Frame
Roof type
Metal
Listing Agency:
Better Homes and Gardens Real Estate Beyond
(605) 275-4663
Listed By:
Brian Smit · License #17373
(605) 413-7522
Added: May 19
Changed: Oct 15
Last Checked: Oct 15 at 4:06PM
MLS# 22603733
Copyright © 2026 Realtor Association of the Sioux Empire MLS. 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.
This under-construction warehouse unit is designed as a storage condominium with a concrete floor, frame construction, and a metal roof. The 28' x 53' layout includes a 16' x 14' overhead door, while plumbing has been stubbed for a future interior buildout. Construction is scheduled for estimated completion and occupancy in September 2026.
The property is within Tea city limits and has access to city water and sewer. Planned Development zoning applies. Regional access is available through I-29 using the Tea Exit, Exit 73, with 271st Street located less than a half mile south. The parcel contains 0.0341 acres.
The property is within Tea city limits and has access to city water and sewer. Planned Development zoning applies. Regional access is available through I-29 using the Tea Exit, Exit 73, with 271st Street located less than a half mile south. The parcel contains 0.0341 acres.
Key Highlights
- 28' x 53' storage condo warehouse unit
- 16' x 14' overhead door
- Plumbing stubbed for future buildout
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,217
Cap Rate
5.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,340
$204.3K
Cap Rate 7%
$145,957
$146.0K
Cap Rate 9%
$113,522
$113.5K
Market Conditions
NOI Build-Up for 1,484 SF
Gross rent
$13.4K $9.00/SF
− Vacancy
−$1.3K −$0.90/SF
EGI
$12.0K $8.10/SF
− OpEx
−$1.8K −$1.21/SF
NOI
$10.2K $6.89/SF
Area
Lincoln County, SD
Vacancy
10.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,340
Cap Rate 7%
$145,957
Cap Rate 9%
$113,522
Alternative Uses
Best Use
Warehouse
$146.0K
$127.7K – $170.3K
NOI $10,217 @ 7.0% cap · market cap 5.11%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$329.4K
$288.3K – $384.4K
NOI $23,061 @ 7.0% cap · market cap 11.53%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
159
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57064, SD
6,908
Population
2,652
Households
2.6
Avg Household Size
31
Median Age
39%
College-Educated
98%
High-School Grad
25.6 sq mi
ZIP Area
270
Density / Sq Mi
$104,351
Median Household Income
$54,400
Median Earnings
$1,132
Median Rent
$330,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Solid As A Rock Storage — Delapre Township, SD 57064
- Blue Door RV & Trailer Outdoor Storage — 27085 Gayle Ave, Tea, SD 57064
- AGA Storage — 27088 Thomas Ave, Tea, SD 57064
- Five Star Storage — 27058 Katie Rd, Tea, SD 57064
- Smith Storage Rentals — 27074 Kerslake Pl, Tea, SD 57064
Frequently Asked Questions
What type of property is this?
Warehouse - Under-construction warehouse unit with plumbing stubbed for future buildout and access to water and sewer.
Where is this warehouse located?
The property is located at 2600 N Ginger Ave Tea, SD.
What is the asking price?
The asking price for this property is $200,000.
What are key features of this property?
This property features: 28' x 53' storage condo warehouse unit; 16' x 14' overhead door; Plumbing stubbed for future buildout
