Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Storage Condominium For Sale Title is generated by Realmo AI

    Shay Rd, Dakota Dunes, SD 57049

    View on Map
    Claim this Listing
    For Sale
    Contact for pricing

    Gated 25' x 50' storage condominium suitable for RVs.

    Type:Industrial
    Property size:
    1,250 SF
    Price / SF:
    $119/SF
    Added:
    Nov 10, 2023
    Days on Market:
    935
    Last Refresh:
    May 12 at 9:55 pm

    Property Features for Shay Rd

    General Information

    Standard status
    Active
    Size
    1,250 SF
    Property subtype
    Industrial

    We can help!

    Listing Contact
    Chris Bogenrief, SIOR, CCIM, MBA
    Chris Bogenrief, SIOR, CCIM, MBA

    Listing agent Chris Bogenrief, SIOR, CCIM, MBA License #11318

    Listing office NAI United

    Listing date Nov 10, 2023

    Source Crexi

    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 NAI United

    HighLights

    • Gated storage condominiums suitable for a 45' RV
    • Located at the corner of North Shay and Flurie Roads
    • Dimensions are 25' by 50'
    • Built tall and deep
    • Property taxes and condo dues estimated to be less than $3,000 per year

    Overview

    Located at the corner of North Shay and Flurie Roads, this gated storage condominium measures 25 feet by 50 feet. The unit is built tall and deep enough to accommodate a 45-foot RV. Estimated annual property taxes and condo dues are less than $3,000. The property size is 1250 square feet.
    Location Intelligence

    Current Use by Public Records

    Self storage facilities

    Map

    City
    Dakota Dunes
    County
    Union
    State
    South Dakota
    Longitude
    -96.510342
    Latitude
    42.495008

    Nearby Similar for Sale

    • $450,000
      2,800 SF

      Dakota Dunes Office Condo

      2,800 SF office condo in Dakota Dunes, SD for sale.
      383 W Steamboat Dr, Ste 201, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      Prime Commercial Space, Dakota Dunes

      High-visibility commercial space in Dakota Dunes' premier business district.
      895 Cottonwood Lane, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      Prime Commercial Space Dakota Dunes

      High-visibility commercial space in a powerful Dakota Dunes business corridor.
      895 Cottonwood Lane, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      Prime Commercial Space Dakota Dunes

      High-visibility commercial space in a powerful Dakota Dunes business corridor.
      895 Cottonwood Lane, Dakota Dunes, SD 57049
      View Details
    • $135,000

      Storage Condominiums in Dakota Dunes

      Gated 25'x50' storage condominiums suitable for RV storage.
      596-598 Flurie Road, Dakota Dunes, SD 57049
      View Details
    • $17,500,000
      216,618 SF

      Dakota Dunes Corporate Campus

      A 216,618 SF corporate campus on 47 acres.
      800 Stevens Port Drive, Dakota Dunes, SD 57049
      View Details
    • Contact for pricing

      High-End Dakota Dunes Office Space

      Professionally managed office space in a prime business district.
      211 Sioux Point Rd, Dakota Dunes, SD 57049
      View Details
    • $16
      2,576 SF

      High-End Dakota Dunes Office Space

      Professionally managed office space in a prime business district.
      211 Sioux Point Rd 150, Dakota Dunes, SD 57049
      View Details
    • $17,500,000
      216,618 SF

      Corporate Campus Near Sioux City

      216,618 SF corporate campus on 47 acres for sale.
      800 Stevens Port Dr, Dakota Dunes, SD 57049
      View Details
    • $395,000
      2,800 SF

      Dakota Dunes Office Condo

      2,800 SF office condo, currently a dental office.
      383 W Steamboat Dr, Dakota Dunes, SD 57049
      View Details

    FAQs

    What type of property is this?
    Self storage facility - Gated 25' x 50' storage condominium suitable for RVs.
    Where is this self storage facility located?
    The property is located at Shay Rd Dakota Dunes, SD.
    What is the asking price?
    The asking price for this property is $149,500.
    What are key features of this property?
    This property features: Gated storage condominiums suitable for a 45' RV; Located at the corner of North Shay and Flurie Roads; Dimensions are 25' by 50'
    (712) 224-2727 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Chris Bogenrief, SIOR, CCIM, MBA
    Chris Bogenrief, SIOR, CCIM, MBA
    Real Estate License ID: 11318
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    Shay Rd, Dakota Dunes, SD 57049
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!