Flex Space With Mezzanine
For Sale
Contact for pricing
449 Cimarron Dr, Box Elder, SD 57719
The suite combines open shop space with a cooled private office, restroom, and storage above the office.
Property Size3,360 SF
Days on Market117
Property Features for 449 Cimarron Dr
General Information
Standard status
Active
Size
3,360 SF
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
DAN LOGAN · License #20325
(605) 593-7980
Source:
Exprealty
Added: Jul 7
Changed: Oct 30
Last Checked: Oct 30 at 2:49PM
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 KELLER WILLIAMS REALTY BLACK HILLS
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Investment Insights
Based on property information with market context.
This 3,360-square-foot flex suite is part of an industrial building constructed in 2024. Its layout pairs open shop space with a cooled private office, restroom, and mezzanine storage above the office. The shop has two 12' x 14' overhead doors, 16' clear height, and 200 amp, 220V single-phase power. Shared gravel parking serves the building.
Two access points from Cimarron Dr connect the property to the surrounding road network. I-90 and Hwy 14 are nearby, providing regional access for service and industrial operations.
Two access points from Cimarron Dr connect the property to the surrounding road network. I-90 and Hwy 14 are nearby, providing regional access for service and industrial operations.
Key Highlights
- 3,360 SF suite in a 2024 industrial flex building
- Two 12' x 14' overhead doors
- 16' clear height in the shop area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,153
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,060
$343.1K
Cap Rate 7%
$245,043
$245.0K
Cap Rate 9%
$190,589
$190.6K
Market Conditions
NOI Build-Up for 3,360 SF
Gross rent
$26.2K $7.80/SF
− Vacancy
−$1.7K −$0.51/SF
EGI
$24.5K $7.29/SF
− OpEx
−$7.4K −$2.19/SF
NOI
$17.2K $5.11/SF
Area
Pennington County, SD
Vacancy
6.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$343,060
Cap Rate 7%
$245,043
Cap Rate 9%
$190,589
Alternative Uses
Best Use
Flex RnD
$421.2K
$368.6K – $491.4K
NOI $29,484 @ 7.0% cap · market cap 2,948,400.00%
Second Best
Warehouse
$332.1K
$290.6K – $387.4K
NOI $23,245 @ 7.0% cap · market cap 2,324,500.00%
Theoretical Best
Specialty Retail
$609.1K
$533.0K – $710.6K
NOI $42,638 @ 7.0% cap · market cap 4,263,800.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
Well-served
Demand for This Use
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Business Placement
Demographics for 57719, SD
11,326
Population
4,707
Households
2.4
Avg Household Size
31
Median Age
27%
College-Educated
94%
High-School Grad
167.4 sq mi
ZIP Area
68
Density / Sq Mi
$74,936
Median Household Income
$38,513
Median Earnings
$1,212
Median Rent
$275,400
Median Home Value
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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 - The suite combines open shop space with a cooled private office, restroom, and storage above the office.
Where is this flex space located?
The property is located at 449 Cimarron Dr Box Elder, SD.
What are key features of this property?
This property features: 3,360 SF suite in a 2024 industrial flex building; Two 12' x 14' overhead doors; 16' clear height in the shop area
