Building Details

Year built 1969

Listing Agency: Dakota Plains Real Estate & Development Show Phone

Listed By: Robin (Rob) K Johnson · License #15391 Show Phone

Added: Jan 8 Changed: Sep 6 Last Checked: Oct 5 at 12:06PM

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MLS# 26-9

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 warehouse property includes two connected sections measuring 120' X 50' and 60' X 70'. The building features 16' walls, a 12' door, and a 14' door, along with an air exchange system, infrared ceiling heat, natural gas service, and spray-foam insulation. Exterior electrical plug-ins accommodate trucks, while paved parking supports on-site access. Built in 1969, the property is positioned just off east US Highway 12 on South State Street in Aberdeen, with weekday access available during regular business hours by advance notice.

Key Highlights

• Two warehouse sections measure 120' X 50' and 60' X 70'
• 16' walls with 12' and 14' overhead doors
• Paved parking and exterior electrical plug‑ins for trucks

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$27,705

Cap Rate

2.83%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$554,100 $554.1K

Cap Rate 7%

$395,786 $395.8K

Cap Rate 9%

$307,833 $307.8K

Market Conditions

NOI Build-Up for 10,060 SF

Gross rent

$32.6K $3.24/SF

− Vacancy

$0 $0.00/SF

EGI

$32.6K $3.24/SF

− OpEx

−$4.9K −$0.49/SF

NOI

$27.7K $2.75/SF

Area

Brown County, SD

Vacancy

0.00%

Lease Rate

$3.24 /SF/Yr

Expense Ratio

15.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$554,100

Cap Rate 7%

$395,786

Cap Rate 9%

$307,833

Alternative Uses

Best Use

Warehouse

$395.8K

$346.3K – $461.8K (±1% cap)

NOI $27,705 @ 7.0% cap · market cap 2.83%

Second Best

Industrial

$325.9K

$285.2K – $380.3K (±1% cap)

NOI $22,816 @ 7.0% cap · market cap 2.33%

Theoretical Best

Healthcare Medical

$1.76M

$1.54M – $2.05M (±1% cap)

NOI $122,953 @ 7.0% cap · market cap 12.56%

Zoning and permitted uses should be independently verified with authorities.

Property Analytics

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Current Use

Brick Transport Trucking Company

Suggested Use

Top Pick Real Estate Agency Restaurant Big Box & Wholesale Store Building Supply Auto Parts Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes

Highway access

Yes

Paved road access

Location Intelligence

Trade Area within ½ mile

1,400

Businesses Nearby

Balanced

Demand for This Use

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

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this warehouses located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Warehouse - Maintained industrial space offers paved parking, tall interior clearance, and two overhead doors for commercial operations.

Where is this warehouse located?

The property is located at 715 S State Street Aberdeen, SD.

What is the asking price?

The asking price for this property is $979,000.

What are key features of this property?

This property features: Two warehouse sections measure 120' X 50' and 60' X 70'; 16' walls with 12' and 14' overhead doors; Paved parking and exterior electrical plug‑ins for trucks