27083 Katie Rd, Tea, SD 57064
For Sale
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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.
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Venom Events Center Sports Field & Court Construction Company
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C COMMERCIAL · Tea, SDTea. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.