Storage Condo Unit with Overhead
2600 N Ginger Ave Tea, SD 57064
2600 N Ginger Ave, Tea, SD, 57064
$275,000
For Sale
$275,000
COMMERCIAL - Tea, SD
Property Size2,090 SF
Lot Size0.05 Acres
Price / SF$131.58
Days on Market59
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
- Standard status
- Active
- Lot size
- 0.05 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
5915 S Remington PL. Ste 100, Sioux Falls, SD
Listed by
Brian Smit
(605) 413-7522
Added: May 19 Checked: Jul 16 at 8:06 pm
MLS# 22603888
Listing URL
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.
New construction storage condo development in Tea, South Dakota, with each building featuring eight individual storage condo units. Each suite offers dimensions of 38' x 55' and includes a 16' x 14' overhead door, with paved parking positioned adjacent to every unit.
Units can be customized to buyer specifications, with plumbing stubbed in for future buildout. The development is within Tea city limits and has access to city water and sewer, and it is zoned PD (Planned Development). The site is located near I-29 via the Tea Exit (Exit 73) and less than a half mile north of 271st Street. Estimated completion and occupancy are scheduled for September 2026.
Each unit is designed as a separate condo suite within the overall storage condo building configuration.
Units can be customized to buyer specifications, with plumbing stubbed in for future buildout. The development is within Tea city limits and has access to city water and sewer, and it is zoned PD (Planned Development). The site is located near I-29 via the Tea Exit (Exit 73) and less than a half mile north of 271st Street. Estimated completion and occupancy are scheduled for September 2026.
Each unit is designed as a separate condo suite within the overall storage condo building configuration.
Key Highlights
- New construction storage condo in high‑demand area.
- Unique opportunity: Only storage condo development currently for sale in the southwest Sioux Falls/Tea area.
- Large 38' x 55' unit with 16' x 14' overhead door and paved parking.
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 | $18.8k | $9.00 |
| − Vacancy | −$1.9k | −$0.90 |
| EGI | $16.9k | $8.10 |
| − OpEx | −$2.5k | −$1.21 |
| NOI | $14.4k | $6.89 |
2,090 SF · lease $9.00/SF/yr · vacancy 10.00% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$205.6K
$179.9K – $239.8K
NOI $14,390 @ 7.0% cap · market cap 5.23%
Second Best
Self Storage
$191.5K
$167.6K – $223.4K
NOI $13,406 @ 7.0% cap · market cap 4.87%
Theoretical Best
Office A
$464.0K
$406.0K – $541.3K
NOI $32,479 @ 7.0% cap · market cap 11.81%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Self storage facilities
Similar For Sale Nearby
FAQs
What type of property is this?
Self storage facility - New storage condo unit in Tea, SD with a 16' x 14' overhead door and paved parking adjacent to the suite.
Where is this self storage facility located?
The property is located at 2600 N Ginger Ave Tea, SD.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: New construction storage condo in high‑demand area.; Unique opportunity: Only storage condo development currently for sale in the southwest Sioux Falls/Tea area.; **Large 38' x 55' unit with 16' x 14' overhead door and paved parking.**
