Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    308 Heritage Rd Brandon, SD 57005
    Property profile & analytics

    308 Heritage Rd, Brandon, SD 57005

    View on Map
    • Warehouses
    • 17,407 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Warehouses

    Property Details for 308 Heritage Rd

    Year built
    2024
    Property type
    Warehouses
    Property subtype
    Industrial properties

    Description

    This exceptional offering presents 13 brand-new industrial condo units totaling 17,407 square feet, constructed in 2024 in Brandon, South Dakota. Located at 308 N Heritage Rd, 57005, these flexible-use spaces are perfect for a variety of businesses. Each unit boasts 16-foot ceilings, 14 dock-high doors with openers and keypads, and 100-amp electrical panels. Interior features include metal paneling, LED lighting, unit heaters, radiant-ready floors, floor drains, water spigots, and restroom rough-ins. Condominium ownership is established through a Condominium Owners Association. Two building options are available: an East Building with units ranging from 1,920 square feet, priced at $199,888, and a West Building with units of 814 square feet, priced at $109,888. Numerous upgrade options are available, including office and restroom additions, epoxy flooring, electrical service upgrades, LED lighting upgrades, complete radiant floor heating systems, ceiling fans, and PTAC units. Detailed specifications for office/restroom build-outs are available, along with a comprehensive list of shop upgrades such as various ceiling fans, tankless water heaters, and epoxy flooring options. These units offer a unique opportunity to own a modern, efficient, and customizable industrial space in a thriving location. Contact us for more information and pricing details.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Brandon
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.6194
    Latitude
    43.601

    Comparable in this City

    • Value Estimation by Request

      1913 Plum Ave

      Distribution properties
      1913 Plum Ave, Brandon, SD 57005
      View Details
    • Value Estimation by Request
      20.57 Acres

      1401 Railroad Ave

      DISTRIBUTION WAREHOUSE
      1401 Railroad Ave, Brandon, SD 57005-6671
      View Details
    • Value Estimation
      $5,600,000
      2.64 Acres

      205 Holly Blvd

      DISTRIBUTION WAREHOUSE
      205 Holly Blvd, Brandon, SD 57005-1948
      View Details
    • Value Estimation
      $2,910,000
      22,757 SF

      613 Willow St

      DISTRIBUTION WAREHOUSE
      613 Willow St, Brandon, SD 57005-2084
      View Details
    • Value Estimation by Request
      4,800 SF

      301 Hemlock Blvd

      DISTRIBUTION WAREHOUSE
      301 Hemlock Blvd, Brandon, SD 57005-6711
      View Details
    • Value Estimation by Request
      41.45 Acres

      Brandon, SD 57005

      DISTRIBUTION WAREHOUSE
      Brandon, SD 57005
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      6,297 SF

      Turnkey Warehouse and Retail Business

      Prime warehouse and retail business serving the Tri-State area.
      48278 268Th St, Brandon, SD 57005
      View Details
    • Contact for pricing
      6,297 SF

      Turnkey Retail and Warehouse Operation

      Retail building with warehouse, business, and equipment included in sale.
      48278 268Th St, Brandon, SD 57005
      View Details
    • Contact for pricing
      2,836 SF

      Flex Space with Office Features

      Flex space featuring office, kitchen, lounge, and loading capabilities.
      26655 481St Ave, Brandon, SD 57005
      View Details
    • Contact for pricing
      1,920 SF

      Industrial Condo in Encore Park

      Industrial condo for sale, leased through October 2026.
      308 N Heritage Rd, Brandon, SD 57005
      View Details
    • Contact for pricing

      Development Land Near Sioux Falls

      Development land with easy access to highways near Sioux Falls.
      26660 481St Ave, Brandon, SD 57005
      View Details
    • $105,900
      Pending

      Residential Land in Sunrise Creek

      Residential lot near golf course and upcoming elementary school.
      2805 E Sunray Cir, Brandon, SD 57005
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      22,500 SF

      Brandon Warehouse with Convenient Access

      Warehouse space with easy access to I-90 available for lease.
      605 E Willow St, Brandon, SD 57005
      View Details
    • Contact for pricing
      33,800 SF

      New Construction Industrial Warehouse Space

      New construction warehouse with convenient I-90 access for lease.
      1901 N Plum Ave, Brandon, SD 57005
      View Details
    • Contact for pricing

      Climate Controlled Warehouse with Docks

      Sioux Falls flex space with dock doors and parking.
      1800 Frontier St, Brandon, SD 57005
      View Details
    • Contact for pricing
      22,000 SF

      Industrial Space Near I-90

      22,000 SF warehouse/manufacturing space near North Splitrock Blvd.
      1117 E Ash St, Brandon, SD 57005
      View Details
    • Contact for pricing

      Shop Space Near Sioux Falls

      Open shop space available 4 miles east of Sioux Falls.
      26681 483Rd Ave, Brandon, SD 57005
      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.
    308 Heritage Rd
    Brandon, SD 57005
    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
    308 Heritage Rd, Brandon, SD, 57005
    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!