Flex Warehouse Shop
For Sale
Contact for pricing
421 392 Ave S, Aberdeen, SD 57401
New shop space with office, bathroom, and multiple 16-foot overhead doors, designed for larger equipment turnaround.
Property Size2,100 SF
Price / SF$1.00
Days on Market93
Property Features for 421 392 Ave S
General Information
Standard status
Active
Size
2,100 SF
Lease Type
Modified Gross
Amenities
office
bathroom
Building Details
Year Built
2025
Tenancy
Multi
Listing Agency:
Century 21 Northern Advantage
Listed By:
Melanie R Bobby · License #14771
(605) 216-3130
Source:
Firstpremierrealestate
Added: Jul 20
Changed: Oct 4
Last Checked: Oct 7 at 4:01PM
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
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Investment Insights
Based on property information with market context.
Brand new flex-style shop space east of town, configured with an office and bathroom. The unit includes 16-foot overhead doors and is laid out to provide room to turn around large equipment if needed.
The property is offered for sale. The owner pays electric and water, while tenants pay gas for heat.
Additional smaller shop units are available, including options with a bathroom only. These spaces are ready to go for the right user seeking warehouse-and-shop functionality with straightforward utility responsibilities.
The property is offered for sale. The owner pays electric and water, while tenants pay gas for heat.
Additional smaller shop units are available, including options with a bathroom only. These spaces are ready to go for the right user seeking warehouse-and-shop functionality with straightforward utility responsibilities.
Key Highlights
- Brand new shop space built in 2025
- Shop measures 60x35 with 16 ft overhead doors for larger equipment access
- Includes an office and a bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,763
Suggested Prices Based on Cap Rates
Cap Rate 5%
$95,260
$95.3K
Cap Rate 7%
$68,043
$68.0K
Cap Rate 9%
$52,922
$52.9K
Market Conditions
NOI Build-Up for 2,100 SF
Gross rent
$6.8K $3.24/SF
− Vacancy
$0 $0.00/SF
EGI
$6.8K $3.24/SF
− OpEx
−$2.0K −$0.97/SF
NOI
$4.8K $2.27/SF
Area
Brown County, SD
Vacancy
0.00%
Lease Rate
$3.24 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$95,260
Cap Rate 7%
$68,043
Cap Rate 9%
$52,922
Alternative Uses
Best Use
Flex RnD
$231.7K
$202.7K – $270.3K
NOI $16,216 @ 7.0% cap · market cap 772.19%
Second Best
Warehouse
$82.6K
$72.3K – $96.4K
NOI $5,783 @ 7.0% cap · market cap 275.38%
Theoretical Best
Healthcare Medical
$366.7K
$320.8K – $427.8K
NOI $25,666 @ 7.0% cap · market cap 1,222.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
38
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57401, SD
32,275
Population
15,016
Households
2.1
Avg Household Size
37
Median Age
35%
College-Educated
93%
High-School Grad
278.8 sq mi
ZIP Area
116
Density / Sq Mi
$68,183
Median Household Income
$40,562
Median Earnings
$787
Median Rent
$216,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - New shop space with office, bathroom, and multiple 16-foot overhead doors, designed for larger equipment turnaround.
Where is this flex space located?
The property is located at 421 392 Ave S Aberdeen, SD.
What are key features of this property?
This property features: Brand new shop space built in 2025; Shop measures 60x35 with 16 ft overhead doors for larger equipment access; Includes an office and a bathroom
