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    FOR SALE
    Commercial real estate

    27083 Katie Rd, Tea, SD 57064

    1.57 ac lot
    Individually Owned 13-yr Hold Free & Clear
    Property ID
    US79-0632927
    Property summary
    AI-generated overview

    This exceptional Class A mixed-use property in Tea, South Dakota, presents a compelling investment opportunity. Priced at $1,875,000, this stabilized investment features two buildings totaling 18,950 net rentable square feet on a 1.6-acre lot. The main building, a fully leased gymnasium, boasts a regulation-size basketball court with six hoops, two volleyball courts, a 1,800 square foot mezzanine, two offices, a conference room, two restrooms, and a large reception area. Building amenities include 20-foot sidewalls, three-phase power, 16'x14' and 12'x12' overhead doors, in-floor heat, and full air conditioning. A second building provides 12 fully leased RV storage units. The property also includes 33 paved parking spaces. Built in 2015, this property is zoned commercial and offers 100% occupancy, making it an ideal investment with strong cash flow potential. The property is offered fee simple.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 1.57 ac (68,215 SF)
    Zoning code C COMMERCIAL
    APN 100.50.64.H54A
    UPID US79-0632927
    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
    Current use
    Occupant on record · Public records
    • Venom Events Center Sports Field & Court Construction Company
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    Michael E Poppens · 13 yrs held
    Michael E Poppens
    since 2012
    1 recorded transaction
    2012
    Zoning & alternative use
    C COMMERCIAL · Tea, SD
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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