Listing Agency: NAI | Sioux Falls Show Phone

Listed By: Troy Fawcett, CCIM, SIOR Show Phone

Source: Moodyscre

Added: Dec 15, 2025 Changed: Oct 26 Last Checked: Oct 30 at 11:52AM

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Investment Insights

Based on property information with market context.

This flex warehouse property offers approximately 9,000 SF of shop space along with a 1,875 SF modern office. The building includes four roll-up doors, 16' side walls, and floor drains tied to a leach field. The office is supported by a septic tank, and air lines are installed throughout the building.

Additional operational improvements include three Reznor heaters and one bay radiant tube heat. The property is located at 26071 Brower Cir in Hartford, SD 57033.

With a dedicated office component and multiple overhead doors, the layout supports day-to-day work and on-site administration in the same facility.

Key Highlights

• 9,000 SF shop plus 1,875 SF modern office space in a flex warehouse layout
• Four roll‑up doors provide loading and access for shop space
• 16' side walls in the shop area for taller storage/operations

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$95,590

Cap Rate

7.35%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,911,800 $1.9M

Cap Rate 7%

$1,365,571 $1.4M

Cap Rate 9%

$1,062,111 $1.1M

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,875 SF

Gross rent

$117.5K $10.80/SF

− Vacancy

−$5.0K −$0.46/SF

EGI

$112.5K $10.34/SF

− OpEx

−$16.9K −$1.55/SF

NOI

$95.6K $8.79/SF

Area

Minnehaha County, SD

Vacancy

4.25%

Lease Rate

$10.80 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,911,800

Cap Rate 7%

$1,365,571

Cap Rate 9%

$1,062,111

Alternative Uses

Best Use

Warehouse

$1.37M

$1.19M – $1.59M (±1% cap)

NOI $95,590 @ 7.0% cap · market cap 7.35%

Second Best

Industrial

$1.06M

$929.3K – $1.24M (±1% cap)

NOI $74,347 @ 7.0% cap · market cap 5.72%

Theoretical Best

Office A

$2.93M

$2.57M – $3.42M (±1% cap)

NOI $205,209 @ 7.0% cap · market cap 15.79%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Blackburn Foundation Repair ... Construction Company

Suggested Use

Top Pick Dental Office Grocery & Convenience Store Butcher Cafe & Coffee Shop Computer & Electronic Repair Florist

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

16 ft

Clear height

Location Intelligence

Trade Area within ½ mile

85

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 57033, SD

5,654

Population

2,326

Households

2.4

Avg Household Size

37

Median Age

35%

College-Educated

97%

High-School Grad

120.5 sq mi

ZIP Area

47

Density / Sq Mi

$98,156

Median Household Income

$49,525

Median Earnings

$949

Median Rent

$280,500

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Similar For Sale Nearby

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Two Buildings with 24 Units

804-810 Ruud Ln, Hartford, SD 57033

$3,200,000

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Fully Leased Office Building

115 N Main Ave, Hartford, SD 57033

Contact for pricing

6,138 SF

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Frequently Asked Questions

What type of property is this?

Flex space - Flex warehouse includes 9,000 SF shop, 1,875 SF modern office, and four roll-up doors.

Where is this flex space located?

The property is located at 26071 Brower Cir Hartford, SD.

What is the asking price?

The asking price for this property is $1,300,000.

What are key features of this property?

This property features: 9,000 SF shop plus 1,875 SF modern office space in a flex warehouse layout; Four roll‑up doors provide loading and access for shop space; 16' side walls in the shop area for taller storage/operations