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Property profile & analytics
OFF-MARKET
Warehouses

46984 Sunset Blvd Tea, SD 57064

5,616 SF 0.2 ac lot Built 2008
Property ID
Property summary
AI-generated overview

This exceptional investment opportunity presents two warehouse condos totaling 5,616 square feet, ideally suited for owner-occupants. Located at 46984 Sunset Boulevard in Tea, South Dakota, this property offers a prime location in a rapidly growing community, just minutes from Sioux Falls. Each of the two units (C & D) boasts 14'x14' front doors, 14'x12' rear doors, and a 14'x16' office space, complemented by 16' side walls and a half bath. The units are equipped with forced air heating and cooling in the office areas and radiant heat in the warehouse spaces, providing versatile functionality. Built in 2008, these well-maintained condos feature a 6" concrete floor, floor drains, 300 AMP service, bay lights, and tube heat (175 BTU). Additional features include concrete post guards. The property sits on a 0.2-acre lot and is zoned L-1 (Light Industrial). The asking price is $550,000 ($275,000 per unit), with 2023 real estate taxes of $2,520 (payable in 2024). This is a rare chance to acquire a functional and well-located industrial property in a thriving South Dakota market.

Property profile
Verified
Property type Warehouses
Year built 2008
Total area 5,616 SF
Lot 0.2 ac (8,712 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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