Multi-Tenant Storefront
For Sale
$429,000
423 Moccasin Drive, Aberdeen, SD 57401
Commercial, Aberdeen, SD
Property Size3,024 SF
Price / SF$141.87
Days on Market70
Property Features for 423 Moccasin Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Aberdeen - City
Standard status
Active
Size
3,024 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
LT 4 MOCCASIN PLAZA ADD (L26 PIERSONS)
Tax Annual Amount
3135
Legal Description
LT 4 MOCCASIN PLAZA ADD (L26 PIERSONS)
Amenities
on-site paved parking
Building Details
Year built
1989
Listing Agency:
Dakota Plains Real Estate & Development
(605) 225-1800
Listed By:
Robin (Rob) K Johnson · License #15391
(218) 820-2431
Added: Jul 28
Changed: Sep 6
Last Checked: Oct 5 at 5:06PM
MLS# 26-513
Copyright © 2026 Aberdeen Board of Realtors. 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 3,024-square-foot storefront property was built in 1989 and is configured for multiple commercial occupants. Paved parking is available on the premises, providing dedicated parking directly at the building.
The property is located at 423 Moccasin Drive in Aberdeen, South Dakota, with East US Highway 12 nearby. Showings require 24-hour notice and are limited to weekday business hours.
The property is located at 423 Moccasin Drive in Aberdeen, South Dakota, with East US Highway 12 nearby. Showings require 24-hour notice and are limited to weekday business hours.
Key Highlights
- 3,024 square feet of storefront space
- Multi‑tenant commercial building
- Paved on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,342
Cap Rate
5.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,840
$466.8K
Cap Rate 7%
$333,457
$333.5K
Cap Rate 9%
$259,356
$259.4K
Market Conditions
NOI Build-Up for 3,024 SF
Gross rent
$36.3K $12.00/SF
− Vacancy
−$2.9K −$0.97/SF
EGI
$33.3K $11.03/SF
− OpEx
−$10.0K −$3.31/SF
NOI
$23.3K $7.72/SF
Area
Brown County, SD
Vacancy
8.11%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$466,840
Cap Rate 7%
$333,457
Cap Rate 9%
$259,356
Alternative Uses
Best Use
Retail
$333.5K
$291.8K – $389.0K
NOI $23,342 @ 7.0% cap · market cap 5.44%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$528.0K
$462.0K – $616.0K
NOI $36,959 @ 7.0% cap · market cap 8.62%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
188k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 47%
Shops & Services 33%
Apparel 17%
Home Improvements & Furnishings 3%
Runnings
Apparel
31,800 visits/mo
0.1 miles
McDonald's
Dining
28,207 visits/mo
0.1 miles
Hobby Lobby
Shops & Services
20,334 visits/mo
0.5 miles
Taco John's
Dining
15,941 visits/mo
0.3 miles
Wendy's
Dining
13,807 visits/mo
0.1 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Storefront property - The building includes paved on-site parking and accommodates multiple commercial occupants.
Where is this storefront property located?
The property is located at 423 Moccasin Drive Aberdeen, SD.
What is the asking price?
The asking price for this property is $429,000.
What are key features of this property?
This property features: 3,024 square feet of storefront space; Multi‑tenant commercial building; Paved on‑site parking
