Building Details

Year built 2014

Flooring type Carpet, Concrete

Building materials Frame

Roof type Metal

Listing Agency: Tieszen Real Estate, LLC j***@gmail.com

Listed By: Ryan Wieman Show Phone

Added: Oct 5 Changed: Oct 9 Last Checked: Oct 10 at 2:06AM

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MLS# 22607781

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 frame flex property measures 24 feet by 50 feet and was built in 2014. Finished office space includes a private bathroom with a shower. The adjoining shop has a concrete floor, finished metal walls and ceiling, overhead lighting, and an overhead garage door, with exterior access. Flooring includes carpet and concrete, and the roof is metal.

The property is zoned Commercial. Water is available. The address is 300 N Main St in Parker, South Dakota.

Key Highlights

• 24' x 50' building, constructed in 2014
• Finished office space with a private bathroom and shower
• Shop area has a concrete floor, finished metal walls and ceiling, and overhead lighting

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$12,318

Cap Rate

6.85%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$246,360 $246.4K

Cap Rate 7%

$175,971 $176.0K

Cap Rate 9%

$136,867 $136.9K

Market Conditions

NOI Build-Up for 1,200 SF

Gross rent

$20.2K $16.80/SF

− Vacancy

−$1.2K −$1.01/SF

EGI

$19.0K $15.79/SF

− OpEx

−$6.6K −$5.53/SF

NOI

$12.3K $10.26/SF

Area

Turner County, SD

Vacancy

6.00%

Lease Rate

$16.80 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$246,360

Cap Rate 7%

$175,971

Cap Rate 9%

$136,867

Alternative Uses

Best Use

Flex RnD

$176.0K

$154.0K – $205.3K (±1% cap)

NOI $12,318 @ 7.0% cap · market cap 6.85%

Second Best

Industrial

$117.2K

$102.6K – $136.7K (±1% cap)

NOI $8,204 @ 7.0% cap · market cap 4.56%

Theoretical Best

Office A

$325.9K

$285.1K – $380.2K (±1% cap)

NOI $22,810 @ 7.0% cap · market cap 12.68%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Flex space

Lease Details

1

Drive-in doors

Location Intelligence

Trade Area within ½ mile

152

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 57053, SD

2,110

Population

881

Households

2.4

Avg Household Size

38

Median Age

28%

College-Educated

93%

High-School Grad

142.7 sq mi

ZIP Area

15

Density / Sq Mi

$92,708

Median Household Income

$50,028

Median Earnings

$929

Median Rent

$255,400

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

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - A 2014 commercial property combines finished office space, a private bathroom with shower, and a functional shop area.

Where is this flex space located?

The property is located at 300 N Main St Parker, SD.

What is the asking price?

The asking price for this property is $179,900.

What are key features of this property?

This property features: 24' x 50' building, constructed in 2014; Finished office space with a private bathroom and shower; Shop area has a concrete floor, finished metal walls and ceiling, and overhead lighting