Multi-Tenant Office
For Sale
$469,900
507 Moccasin Drive, Aberdeen, SD 57401
Commercial, Aberdeen, SD
Property Size2,520 SF
Price / SF$186.47
Days on Market70
Property Features for 507 Moccasin Drive
General Information
Property type
Commercial Sale
Property subtype
Other
Subdivision
Aberdeen - City
Standard status
Active
Size
2,520 SF
Taxes and HOA fees
Tax Year
2026
Tax Description
LT 5 MOCCASIN PLAZA (L26 PIERSONS)
Tax Annual Amount
3008
Legal Description
LT 5 MOCCASIN PLAZA (L26 PIERSONS)
Building Details
Year built
1984
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 12:06PM
MLS# 26-514
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.
Built in 1984, this 2,520-square-foot office building is configured for multiple occupants and includes paved parking on the property. The office layout provides a practical commercial setting for businesses seeking dedicated space within a shared building.
The property is located at 507 Moccasin Drive in Aberdeen, South Dakota, just off East US Highway 12. Weekday access is available during business hours with 24-hour advance notice.
The property is located at 507 Moccasin Drive in Aberdeen, South Dakota, just off East US Highway 12. Weekday access is available during business hours with 24-hour advance notice.
Key Highlights
- 2,520‑square‑foot office building
- Multi‑tenant configuration
- Paved on‑site parking
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,680
Cap Rate
4.83%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,600
$453.6K
Cap Rate 7%
$324,000
$324.0K
Cap Rate 9%
$252,000
$252.0K
Market Conditions
NOI Build-Up for 2,520 SF
Gross rent
$37.8K $15.00/SF
− Vacancy
−$7.6K −$3.00/SF
EGI
$30.2K $12.00/SF
− OpEx
−$7.6K −$3.00/SF
NOI
$22.7K $9.00/SF
Area
Brown County, SD
Vacancy
20.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$453,600
Cap Rate 7%
$324,000
Cap Rate 9%
$252,000
Alternative Uses
Best Use
Office B
$324.0K
$283.5K – $378.0K
NOI $22,680 @ 7.0% cap · market cap 4.83%
Second Best
—
—
no second resolved use
Theoretical Best
Healthcare Medical
$440.0K
$385.0K – $513.3K
NOI $30,799 @ 7.0% cap · market cap 6.55%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
441
Businesses Nearby
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
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Multi-tenant office property with paved parking available on site.
Where is this office building located?
The property is located at 507 Moccasin Drive Aberdeen, SD.
What is the asking price?
The asking price for this property is $469,900.
What are key features of this property?
This property features: 2,520‑square‑foot office building; Multi‑tenant configuration; Paved on‑site parking
