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    Leased Boutique Business Opportunity Title is generated by Realmo AI

    601 Riverside Drive, Aberdeen, SD 57401

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    For Sale
    $149,900

    COMMERCIAL - Aberdeen, SD

    Property size:
    3,600 SF
    Price / SF:
    $41/SF
    Added:
    May 4, 2026
    Days on Market:
    31
    Last Refresh:
    Jun 3 at 9:06 pm

    Property Features for 601 Riverside Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Size
    3,600 SF

    Taxes and HOA fees

    Tax Annual Amount
    1

    Building Details

    Year built
    1972

    We can help!

    Listing Contact
    Robin (Rob) K Johnson
    Robin (Rob) K Johnson

    Listing agent Robin (Rob) K Johnson License #15391

    Listing office Dakota Plains Real Estate & Development 10 Railroad Ave SW Suite 209 PO Box 737, Aberdeen, SD

    Listing date May 4, 2026

    MLS# 25-511

    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.

    HighLights

    • Established and profitable boutique business.
    • Large leased space of approximately 3400 sf.
    • Potential seller financing available to qualified buyers.
    • Business is ready for new owners to expand.
    • Fun business with potential to fuel imagination.
    • Sale price of $149,900 plus inventory at closing.

    Overview

    This offering is presented as a business sale only, with no real estate included in the transaction. The business is described as a well established, classy boutique and is operating in leased space of approximately 3,400 square feet, with the listing indicating a property size of 3,600 square feet. Financial details are not available for general distribution, and qualified inquiries require a signed NDA prior to the release of financial information.

    The business is located at 601 Riverside Drive in Aberdeen, South Dakota (Brown County). The listing requests showings during business hours on weekdays only, and buyers are asked to allow a minimum of four hours’ notice. The seller also notes potential seller financing to qualified buyers.

    This is best suited for an owner-operator or buyer seeking a turn-key business opportunity within a leased footprint. Because the real estate is not being sold, the purchase is focused on taking over the existing operation, subject to the current leased-space arrangement. Interested parties should plan for an NDA process and coordinate scheduling through the seller’s business-hours weekday showing requirements.
    Property Profile Location Intelligence

    Current Use by Public Records

    Catching Fireflies Boutique Clothing & Fashion Store Cool Cart Parts Golf Cart Dealer Blank Canvas Salon Nail Salon Create-It Workshop Training Center

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.465103
    Latitude
    45.458684

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    FAQs

    What type of property is this?
    Specialty property - For sale as a business sale only, operating in leased space and available with qualified inquiries and NDA.
    Where is this specialty property located?
    The property is located at 601 Riverside Drive Aberdeen, SD.
    What is the asking price?
    The asking price for this property is $149,900.
    What are key features of this property?
    This property features: Established and profitable boutique business.; Large leased space of approximately 3400 sf.; Potential seller financing available to qualified buyers.
    (605) 225-1800
    We can help!
    Listing Contact
    Robin (Rob) K Johnson
    Robin (Rob) K Johnson
    Real Estate License ID: 15391
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

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