Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Office Suite with Elevator Access Title is generated by Realmo AI

    320 S 1st St A, Aberdeen, SD 57401

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Includes a private reception, multiple offices or storage rooms, and an on-suite bath for professional users.

    Type:Office
    Added:
    May 27, 2026
    Days on Market:
    11
    Last Refresh:
    Jun 6 at 5:11 am

    Property Features for 320 S 1st St A

    General Information

    Standard status
    Active
    Property subtype
    Office

    Building Details

    Year Built
    1965

    We can help!

    Listing Contact
    Ashton Davis
    Ashton Davis

    Listing agent Ashton Davis License #SD20519

    Listing office Century 21 Northern Advantage

    Listing date May 27, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Northern Advantage

    HighLights

    • 1965‑built office space with dedicated offices and lobby space
    • Includes private reception area and elevator access
    • Offers 4 office/storage spaces
    • Includes a private bath (on‑suite)

    Overview

    This professionally configured office suite offers dedicated lobby space with elevator access, along with a private reception area designed to welcome visitors efficiently. The layout also includes four office and/or storage spaces plus a private bath, providing flexibility for administrative teams, consulting work, or client-facing operations that need separate rooms.

    Located at 320 S 1st St A in Aberdeen, SD 57401, the suite’s interior plan supports a straightforward workflow from lobby entry to reception and private rooms. The elevator-access feature can be especially convenient for employee and client accessibility.

    For tenants seeking a turnkey professional setup, this space delivers the key components typically required for day-to-day office use: a defined reception area, multiple enclosed rooms for work or storage, and a private restroom. Rent is presented as all-inclusive at $1,500, which may simplify budgeting for a qualifying professional business requiring a dedicated office environment.
    Location Intelligence

    Current Use by Public Records

    U.S. Bank-Mortgage Loan ... Bank Senator John Thune Government Office U.S. Bancorp Investments ... Financial Advisor US Bank Mortgage Loan Service U.S. Bank Branch Bank

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.489586
    Latitude
    45.461894

    Nearby Similar for Lease

    • $8 SF/Yr
      2,400 SF

      Upscale Multi-Use Storage Space

      2400 SF flex space with in-floor heat for rent.
      615 Enterprise St N, ABERDEEN, SD 57401
      View Details
    • $10 SF/Yr
      3,438 SF

      Main Street Retail Space Available

      Retail space in a central business district location.
      309 S Main St, Aberdeen, SD 57401
      View Details
    • Contact for pricing
      2,361 SF

      Office Space on 6th Avenue

      Nicely built-out office space with ample parking.
      110 6th Ave SE, Aberdeen, SD 57401
      View Details
    • $8 SF/Yr
      29,000 SF

      Industrial Space in Former Plant

      29,000 SF industrial space available for lease.
      2914 Industrial #2 Avenue, Aberdeen, SD 57401
      View Details
    • $144 SF/Yr

      Downtown Retail Space Available

      Retail space in a busy downtown core location.
      319 S Main St, Aberdeen, SD 57401
      View Details

    FAQs

    What type of property is this?
    Office units - Includes a private reception, multiple offices or storage rooms, and an on-suite bath for professional users.
    Where is this office units located?
    The property is located at 320 S 1st St A Aberdeen, SD.
    What are key features of this property?
    This property features: 1965‑built office space with dedicated offices and lobby space; Includes private reception area and elevator access; Offers 4 office/storage spaces
    (605) 228-1067 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Ashton Davis
    Ashton Davis
    Real Estate License ID: SD20519
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    320 S 1st St A, Aberdeen, SD 57401
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!