Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    2020 Industrial St Tea, SD 57064
    Back to Search
    Property profile & analytics

    2020 Industrial St Tea, SD 57064

    View on Map
    • Warehouses
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 2020 Industrial St

    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional industrial property, located at 2020 & 2030 Industrial Street in Tea, South Dakota (zip code 57064), offers a variety of flexible and warehouse spaces ideal for a range of businesses. Situated in the Bakker Land Addition, this location provides convenient access to Interstate 29, ensuring seamless transportation and logistics. The property features multiple tenancy options, with available suites measuring 1,600 square feet, 1,800 square feet, and 3,600 square feet. Each bay is separately metered for efficient utility management. Security features include strategically placed security cameras and keypads on the garage doors, enhancing the safety and security of your operations. A common area trash disposal system is provided for added convenience. This property is classified as industrial, with a subtype of both flex and warehouse space, making it suitable for diverse business needs. The property is located in Lincoln County, South Dakota, offering a strategic location within a growing community. Contact us today to learn more about leasing opportunities and to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Tea
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.8044
    Latitude
    43.4648

    Comparable in this City

    • Value Estimation by Request
      20,000 SF

      2301 Enterprise Ave

      Distribution properties • 20,000 SF
      2301 Enterprise Ave, Tea, SD 57064
      View Details
    • Value Estimation by Request

      27193 Linda Ave

      Distribution properties
      27193 Linda Ave, Tea, SD 57064
      View Details
    • Value Estimation by Request
      5,616 SF

      46984 Sunset Blvd

      Distribution properties • 5,616 SF
      46984 Sunset Blvd, Tea, SD 57064
      View Details
    • Value Estimation by Request

      2012 Venture St

      Distribution properties
      2012 Venture St, Tea, SD 57064
      View Details
    • Value Estimation by Request
      1,250 SF

      27065 Sunrise Ave

      Manufacturing properties • 1,250 SF
      27065 Sunrise Ave, Tea, SD 57064
      View Details
    • Value Estimation by Request
      27,000 SF

      2000 Manville St

      Distribution properties • 27,000 SF
      2000 Manville St, Tea, SD 57064
      View Details

    Similar Nearby for Sale

    • $875,000
      6,740 SF

      New Industrial Shop/Warehouse in Tea

      New construction shop/warehouse on 0.6 acre lot in Tea, SD.
      1100 E David Pl, Tea, SD 57064
      View Details
    • Contact for pricing
      18,970 SF

      Versatile Commercial Property in Tea, SD

      Multi-use commercial property with offices, recreation, and storage units.
      27083 Katie Rd, Tea, SD 57064
      View Details
    • Contact for pricing

      Development Land Near Tea City

      Development land with existing home and large shed.
      27076 469Th Ave, Tea, SD 57064
      View Details
    • Contact for pricing

      Land Ideal for Apartment Development

      Land suitable for apartment development, near Tea Area High School.
      27096 468Th Ave, Tea, SD 57064
      View Details
    • $2,250,000

      Car Wash Investment Opportunity

      Established car wash facility with multiple service options for sale.
      810 Gateway Ln, Tea, SD 57064
      View Details
    • $814,500
      2.34 Acres

      Industrial Land in Tea, SD

      2.34-acre industrial land for sale in Tea, South Dakota.
      5 David Pl, Tea, SD 57064
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr

      New Construction Industrial/Flex Space

      New construction industrial/flex building with fenced outdoor storage. Occupancy 2026.
      2017 Industrial St, Tea, SD 57064
      View Details
    • Contact for pricing
      1,485 SF

      Industrial Space Near Tea Ellis

      Industrial space with overhead door and highway access for lease.
      46911 Cody Trl, Tea, SD 57064
      View Details
    • Contact for pricing

      Versatile Flex Space Available

      Flex space with easy access to I-29.
      27116 Grummand Ave, Tea, SD 57064
      View Details
    • Contact for pricing
      4,875 SF

      Shop Space with Offices

      Flex space featuring shop, offices, and dock door.
      46954 Monty St, Tea, SD 57064
      View Details
    • $9 SF/Yr

      Efficient Shop Space For Lease

      Clean, flexible shop space with overhead doors and parking.
      47001 Mona St, Tea, SD 57064
      View Details
    • Contact for pricing
      3,300 SF

      Industrial Flex Space For Rent

      Industrial flex space with convenient highway access available for rent.
      27065 Katie Rd, Tea, SD 57064
      View Details
    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.
    2020 Industrial St
    Tea, SD 57064
    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
    2020 Industrial St, Tea, SD, 57064
    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!