28189 480th Avenue, Canton, SD 57013

Listing Agency: Tysdal Commercial

Listed By: Mike Knudson · License SD #18725 Show Phone

Source: Crexi

Added: Sep 23 Changed: Nov 4 Last Checked: Nov 12 at 8:13AM

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Investment Insights

Based on property information with market context.

The industrial property contains 5,615 square feet and is located at 28189 480th Avenue in Canton, South Dakota.

Key Highlights

• 5,615 square feet of industrial property
• Located at 28189 480th Avenue, Canton, SD 57013

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$31,837

Cap Rate

6.43%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$636,740 $636.7K

Cap Rate 7%

$454,814 $454.8K

Cap Rate 9%

$353,744 $353.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 5,615 SF

Gross rent

$50.5K $9.00/SF

− Vacancy

−$5.1K −$0.90/SF

EGI

$45.5K $8.10/SF

− OpEx

−$13.6K −$2.43/SF

NOI

$31.8K $5.67/SF

Area

Lincoln County, SD

Vacancy

10.00%

Lease Rate

$9.00 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$636,740

Cap Rate 7%

$454,814

Cap Rate 9%

$353,744

Alternative Uses

Best Use

Industrial

$454.8K

$398.0K – $530.6K (±1% cap)

NOI $31,837 @ 7.0% cap · market cap 6.43%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$1.25M

$1.09M – $1.45M (±1% cap)

NOI $87,257 @ 7.0% cap · market cap 17.63%

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

Property Analytics

Current Use

Industrial properties

Suggested Use

Top Pick Real Estate Agency Electrical Service Building Supply (Bike/Boat/Book/etc) Store Kitchen & Bath Showroom Cafe & Coffee Shop

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

Location Intelligence

Trade Area within ½ mile

46

Businesses Nearby

Explore this area Business Placement

Demographics for 57013, SD

4,482

Population

2,064

Households

2.2

Avg Household Size

40

Median Age

20%

College-Educated

91%

High-School Grad

132.7 sq mi

ZIP Area

34

Density / Sq Mi

$77,813

Median Household Income

$43,553

Median Earnings

$704

Median Rent

$224,600

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

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Frequently Asked Questions

What type of property is this?

Industrial property - Situated in Canton, South Dakota, the property is identified as an industrial asset.

Where is this industrial property located?

The property is located at 28189 480th Avenue Canton, SD.

What is the asking price?

The asking price for this property is $495,000.

What are key features of this property?

This property features: 5,615 square feet of industrial property; Located at 28189 480th Avenue, Canton, SD 57013