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    Keller Williams Realty Sioux Falls

    6300 S. Connie Ave, Sioux Falls, SD 57108
    (605) 275-0555
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    Size: 10+ agents

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    Property Types

    • Land
    • Residential Multi Family

    Listings

    For Sale (50)

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    Productive Farmland and Hunting Habitat
    $2,120,000
    302.67 Acres

    Productive Farmland and Hunting Habitat

    302+/- acre farm with cropland, hunting habitat near Pierre.

    203Rd St, Pierre, SD 57501
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    Waterfront Lot in Tea, SD
    $159,000
    0.40 Acres

    Waterfront Lot in Tea, SD

    Waterfront lot in a quiet cul-de-sac to build dream home.

    2725 N Pickerel Cir, Tea, SD 57064
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    Residential Lot in Valley Springs
    $72,000
    0.21 Acres

    Residential Lot in Valley Springs

    Single family lot in up and coming Valley Springs development.

    127 Skyline Dr, Valley Springs, SD 57068
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    Residential Lot in Valley Springs
    $72,000
    0.21 Acres

    Residential Lot in Valley Springs

    Residential lot in up and coming Valley Springs development.

    129 Skyline Dr, Valley Springs, SD 57068
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    Residential Land in Valley Springs
    $96,000
    0.63 Acres

    Residential Land in Valley Springs

    Residential land in an up-and-coming Valley Springs development.

    121 Skyline Dr, Valley Springs, SD 57068
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    Recreational Land in Monroe, SD
    $75,000
    2.00 Acres

    Recreational Land in Monroe, SD

    Two acres of recreational land with shelter belt.

    45157 266Th St, Monroe, SD 57047
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    Residential Lot in Valley Springs
    $65,000
    0.21 Acres

    Residential Lot in Valley Springs

    Residential lot in an up-and-coming Valley Springs development.

    1003 Sunset St, Valley Springs, SD 57068
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    Sioux Falls Ranch Duplex
    $379,900
    2,280 SF

    Sioux Falls Ranch Duplex

    Remodeled duplex in Hilltop area, great income property.

    3609 E 18Th St, Sioux Falls, SD 57103
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    Ree Heights Commercial Opportunity
    $129,900
    5,420 SF

    Ree Heights Commercial Opportunity

    Versatile commercial property with multiple spaces and development potential.

    118 S Dakota Ave, Ree Heights, SD 57345
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    Harrisburg 12-Acre Residential Land
    $459,000
    12.00 Acres

    Harrisburg 12-Acre Residential Land

    12-acre lot for dream home near Sioux Falls amenities.

    2 276Th St, Harrisburg, SD 57032
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    Residential Land in Growing Area
    $60,000
    0.26 Acres

    Residential Land in Growing Area

    Residential land for sale in Sioux Falls, South Dakota.

    1801 E Wallin Cir, Sioux Falls, SD 57104
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    Prime Pierre Land Opportunity
    $999,900
    142.67 Acres

    Prime Pierre Land Opportunity

    142+/- acre property near Pierre, SD with farming and hunting.

    203Rd St, Pierre, SD 57501
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    Canton, SD Industrial Land
    $641,224
    4.99 Acres

    Canton, SD Industrial Land

    Commercial and industrial land near Highway 18 and I-29.

    W Innovation St, Canton, SD 57013
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    Harrisburg 5-Acre Land Parcel
    $299,000
    5.00 Acres

    Harrisburg 5-Acre Land Parcel

    5-acre lot on the edge of town with utilities.

    1 Dakota Farms Add Ave, Harrisburg, SD 57032
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    Canton Industrial Land For Sale
    $472,930
    4.62 Acres

    Canton Industrial Land For Sale

    Commercial and industrial land with highway access near Sioux Falls.

    W Innovation St, Canton, SD 57013
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    Land in Gated Community
    $324,900
    2.52 Acres

    Land in Gated Community

    2.52 acres in a luxury Sioux Falls gated community.

    48002 Trading Post Rd, Sioux Falls, SD 57108
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    Residential Garden Lot For Sale
    $66,500
    0.21 Acres

    Residential Garden Lot For Sale

    Residential garden lot in up and coming Valley Springs development.

    903 Sunset St, Valley Springs, SD 57068
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    Residential Lot in Valley Springs
    $56,500
    0.21 Acres

    Residential Lot in Valley Springs

    Single family lot in up and coming Valley Springs development.

    908 Sunset St, Valley Springs, SD 57068
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    Canton Land Ready Site
    $490,877
    3.82 Acres

    Canton Land Ready Site

    Commercial and industrial land near Highway 18 in Canton, SD.

    W Innovation St, Canton, SD 57013
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    Humboldt, SD Land Parcel
    $178,000
    5.36 Acres

    Humboldt, SD Land Parcel

    5.36 acre land parcel in a rural setting.

    453Rd Ave, Humboldt, SD 57035
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    Residential Lot in Valley Springs
    $66,500
    0.21 Acres

    Residential Lot in Valley Springs

    Residential lot in an up-and-coming Valley Springs development.

    905 Sunset St, Valley Springs, SD 57068
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    Six Acre Harrisburg Land Parcel
    $329,000
    6.00 Acres

    Six Acre Harrisburg Land Parcel

    Prime six-acre land parcel near Sioux Falls and Harrisburg.

    3 276Th St, Harrisburg, SD 57032
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    Residential Lot in Valley Springs
    $56,500
    0.21 Acres

    Residential Lot in Valley Springs

    Single-family lot in up-and-coming Valley Springs development.

    906 Sunset St, Valley Springs, SD 57068
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    Harrisburg Acreage: Country Charm
    $299,000
    4.30 Acres

    Harrisburg Acreage: Country Charm

    4.3-acre lot near town with utilities and stunning views.

    4 Dakota Farms Ave, Harrisburg, SD 57032
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    Residential Lot in Valley Springs
    $65,000
    0.21 Acres

    Residential Lot in Valley Springs

    Residential lot in an up-and-coming Valley Springs development.

    1005 Sunset St, Valley Springs, SD 57068
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    Residential Lot in Valley Springs
    $56,500
    0.21 Acres

    Residential Lot in Valley Springs

    Single-family lot in up-and-coming Valley Springs development.

    912 Sunset St, Valley Springs, SD 57068
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    Residential Lot in Valley Springs
    $56,500
    0.21 Acres

    Residential Lot in Valley Springs

    Single family lot in up and coming Valley Springs development.

    1000 Sunset St, Valley Springs, SD 57068
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    Residential Land in Sioux Falls
    $179,900
    0.69 Acres

    Residential Land in Sioux Falls

    Spacious lot with breathtaking views in Brandon School District.

    5609 E Chandler Dr, Sioux Falls, SD 57110
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    Residential Land in Sioux Falls
    $319,900
    1.28 Acres

    Residential Land in Sioux Falls

    Residential land with mature trees and city views.

    2105 Bellingrath Cir, Sioux Falls, SD 57110
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    Residential Lot in Valley Springs
    $66,500
    0.21 Acres

    Residential Lot in Valley Springs

    Residential garden lot in up-and-coming Valley Springs development.

    907 Sunset St, Valley Springs, SD 57068
    View details
    Residential Land in Canton, SD
    $59,500
    0.23 Acres

    Residential Land in Canton, SD

    Residential lot suitable for building in Canton, South Dakota.

    E 3Rd St, Canton, SD 57013
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    Residential Lot in Valley Springs
    $56,500
    0.21 Acres

    Residential Lot in Valley Springs

    Single family lot in up and coming Valley Springs development.

    910 Sunset St, Valley Springs, SD 57068
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    Residential Lot in Valley Springs
    $54,000
    0.21 Acres

    Residential Lot in Valley Springs

    Residential lot in an up-and-coming Valley Springs development.

    1001 Sundance St, Valley Springs, SD 57068
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    Prime Agricultural Land Near Murdo
    $1,150,000
    478.00 Acres

    Prime Agricultural Land Near Murdo

    478 acres of farmland with grassland and cropland.

    W 235Th St, Murdo, SD 57559
    View details
    Residential Land in Sioux Falls
    $60,000
    0.26 Acres

    Residential Land in Sioux Falls

    Residential land for sale in a growing Sioux Falls area.

    1805 E Wallin Cir, Sioux Falls, SD 57104
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    Residential Lot in Valley Springs
    $54,000
    0.21 Acres

    Residential Lot in Valley Springs

    Single family lot in up and coming Valley Springs development.

    911 Sundance St, Valley Springs, SD 57068
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    Union County Land Opportunity
    $279,000
    22.48 Acres

    Union County Land Opportunity

    Large acreage building sites with hilltop views in South Dakota.

    Hwy 48, Akron, IA 51001
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    Sioux Falls Land Opportunity
    $400,000
    0.92 Acres

    Sioux Falls Land Opportunity

    Last homesite in established luxury neighborhood with river views.

    1600 S Scarlett Oak Pl, Sioux Falls, SD 57110
    View details
    5-Acre Harrisburg Land Parcel
    $299,000
    5.01 Acres

    5-Acre Harrisburg Land Parcel

    5-acre parcel near town with utilities and separate access.

    2 Dakota Farms Ave, Harrisburg, SD 57032
    View details
    Sioux Falls Land in Indian Hills
    $299,900
    2.24 Acres

    Sioux Falls Land in Indian Hills

    2.24 Acres in gated community near Good Earth State Park.

    1 Trading Post Rd, Sioux Falls, SD 57108
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    Residential Land in Harrisburg, SD
    $159,900
    1.01 Acres

    Residential Land in Harrisburg, SD

    Acre+ residential lots in Harrisburg School District.

    Meadowlark Ct, Harrisburg, SD 57032
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    Residential Land in Harrisburg, SD
    $159,900
    1.01 Acres

    Residential Land in Harrisburg, SD

    Acre+ residential lots in Harrisburg School District.

    Meadowlark Ct, Harrisburg, SD 57032
    View details
    Residential Lot in Mills Creek
    $89,400
    0.33 Acres

    Residential Lot in Mills Creek

    Spacious corner lot in Harrisburg's desirable Mills Creek Addition.

    403 Bunyan Dr, Harrisburg, SD 57032
    View details
    Canton Commercial Property For Sale
    $225,000
    2,094 SF

    Canton Commercial Property For Sale

    High-visibility commercial property ideal for restaurant or retail use.

    401 E 5Th St, Canton, SD 57013
    View details
    Scenic Land in Harrisburg, SD
    $299,000
    5.01 Acres

    Scenic Land in Harrisburg, SD

    5-acre land near town with utilities and private access.

    3 Dakota Farms Ave, Harrisburg, SD 57032
    View details
    Sioux Falls Land Opportunity
    $359,900
    2.25 Acres

    Sioux Falls Land Opportunity

    2+ acre lot in gated community near Sioux Falls.

    2 Trading Post Rd, Sioux Falls, SD 57108
    View details
    Sioux Falls Land Opportunity
    $359,900
    2.02 Acres

    Sioux Falls Land Opportunity

    2+ acre lot in gated community near Sioux Falls.

    48006 Trading Post Rd, Sioux Falls, SD 57108
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    Sioux Falls Land For Sale
    $150,000
    0.28 Acres

    Sioux Falls Land For Sale

    Residential lot available in Sioux Falls, SD.

    2813 S Faith Ave, Sioux Falls, SD 57110
    View details
    Union County Acreage Building Sites
    $249,000
    13.82 Acres

    Union County Acreage Building Sites

    Large acreage with hilltop views in Union County, South Dakota.

    Hwy 48, Akron, IA 51001
    View details
    Canton Restaurant Opportunity
    $349,000
    0.21 Acres

    Canton Restaurant Opportunity

    Historic Charm, High Visibility Location

    401 5Th St, Canton, SD 57013
    View details

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    Keller Williams Realty Sioux Falls
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    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
    Keller Williams Realty Sioux Falls
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