Turnkey Retail and Warehouse
For Sale
Contact for pricing
48278 268th St, Brandon, SD
Retail building with warehouse, business, and equipment included in sale.
Property Size6,297 SF
Lot Size135.76 Acres
Price / SF$285.85
Days on Market489
Property Features for 48278 268th St
General Information
Standard status
Active
Size
6,297 SF
Lot size
135.76 Acres
Property subtype
INDUSTRIAL
Listing Agency:
Lloyd Companies - Corporate
(605) 323-2820
Listed By:
Scott Blount · License #11915
(605) 231-1882
Source:
Moodyscre
Added: Jun 16, 2025
Changed: Oct 17
Last Checked: Oct 16 at 11:33AM
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 Lloyd Companies - Corporate
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Investment Insights
Based on property information with market context.
This property features a 2,697 square foot retail building designed for custom butchering and meat sales, along with a 3,600 square foot outlot warehouse for storage and operations, totaling 6,297 square feet. Constructed in 2021, the buildings offer quality finishes and modern functionality. The sale includes the business, real estate, and extensive FF&E, providing a turnkey operation. A dirt parking lot offers ample space. The property is zoned C-1. Real estate taxes are $7,299.36 (2024 taxes payable in 2025). The location is set to benefit from the Arrowhead/Veterans Parkway Intersection, Veterans Parkway connection, and the Good Samaritan Campus. The area has an above-average median income of $126,633 within a 5-mile radius.
Key Highlights
- Turnkey operation: Sale includes the business, real estate, and FF&E.
- Modern, purpose‑built facility: Features a 2,697 SF retail building (built in 2021) designed for custom butchering and meat sales, plus a 3,600 SF warehouse.
- Extensive FF&E included.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$63,672
Cap Rate
3.54%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,440
$1.3M
Cap Rate 7%
$909,600
$909.6K
Cap Rate 9%
$707,467
$707.5K
Market Conditions
NOI Build-Up for 6,297 SF
Gross rent
$94.5K $15.00/SF
− Vacancy
−$3.5K −$0.56/SF
EGI
$91.0K $14.45/SF
− OpEx
−$27.3K −$4.33/SF
NOI
$63.7K $10.11/SF
Area
Minnehaha County, SD
Vacancy
3.70%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,273,440
Cap Rate 7%
$909,600
Cap Rate 9%
$707,467
Alternative Uses
Best Use
Retail
$909.6K
$795.9K – $1.06M
NOI $63,672 @ 7.0% cap · market cap 3.54%
Second Best
Warehouse
$790.7K
$691.9K – $922.5K
NOI $55,350 @ 7.0% cap · market cap 3.08%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,823 @ 7.0% cap · market cap 6.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
7
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Storefront property - Retail building with warehouse, business, and equipment included in sale.
Where is this storefront property located?
The property is located at 48278 268th St Brandon, SD.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: Turnkey operation: Sale includes the business, real estate, and FF&E.; Modern, purpose‑built facility: Features a 2,697 SF retail building (built in 2021) designed for custom butchering and meat sales, plus a 3,600 SF warehouse.; Extensive FF&E included.
