Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Residential Land in Aberdeen, SD Title is generated by Realmo AI

    1214 North Lancelot Drive, Aberdeen, SD 57401

    View on Map
    Claim this Listing
    For Sale
    $42,900

    Land - Aberdeen, SD

    Lot size:
    0.33 Acres
    Added:
    Oct 30, 2025
    Days on Market:
    217
    Last Refresh:
    Jun 3 at 11:06 am

    Property Features for 1214 North Lancelot Drive

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-2
    Standard status
    Active
    Lot size
    0.33 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    385.9

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Larry Hanson
    Larry Hanson

    Listing agent Larry Hanson License #Broker-4772

    Listing office MICKELSON-REALTORS(r), INC 208 S Main St. Ste 4, ABERDEEN, SD

    Listing date Oct 30, 2025

    MLS# 24-30 Listing URL

    Copyright © 2026 Aberdeen Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Lot in Pine Haven Estates Fourth Subdivision
    • Covenants, plats and other information available upon request
    • Lot is marked with a steel post for easy identification
    • Lot number attached to post
    • Location available via coordinates
    • Part of a subdivision

    Overview

    This residential land, identified as Lot 14 in Pine Haven Estates Fourth Subdivision, is available for purchase in Aberdeen, South Dakota. The lot is marked with a steel post displaying the lot number. Covenants, plats, and other relevant information are available upon request. The property is zoned R-2 and has a size of 0.33 acres.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.46214
    Latitude
    45.478675

    Nearby Similar for Sale

    • $559,900
      6,670 SF

      Prime Retail Opportunity on Main

      High-visibility retail space with flexible layout in downtown Aberdeen.
      224 S Main Street, Aberdeen, SD 57401
      View Details
    • $10
      6,670 SF

      Prime Downtown Retail Opportunity

      High-visibility retail space in downtown Aberdeen with flexible layout.
      224 S Main Street, Aberdeen, SD 57401
      View Details
    • $1,000,000
      16,401 SF

      Furnished Office Building in Aberdeen

      Well-maintained, fully furnished office building in Aberdeen's downtown business core.
      115 SW 1st Avenue, Aberdeen, SD 57401
      View Details
    • $1,490,000
      12,000 SF

      Aberdeen Retail/Warehouse/Shop Building For Sale

      Newer-built retail/warehouse/shop building with radiant in-floor heat.
      5405 E Highway 12, Aberdeen, SD 57401
      View Details
    • $975,000
      10,700 SF

      Aberdeen Commercial Property For Sale

      Two buildings on 2.6 acres with income potential.
      2821 8th Avenue, Aberdeen, SD 57401
      View Details
    • $299,000
      6,190 SF

      Versatile Commercial Building on Main

      6,190 sq ft commercial building on Main Street.
      24 N Main Street, Aberdeen, SD 57401
      View Details
    • $16
      3,250 SF

      Downtown Aberdeen Storefront Remodel Opportunity

      Prime commercial space with high visibility and customization potential.
      120 S Main Street, Aberdeen, SD 57401
      View Details
    • $515,000
      27,220 SF

      Aberdeen Flex-Use Industrial Space

      Large industrial space with offices, loading docks, and overhead doors.
      1 S 3rd Street, Aberdeen, SD 57401
      View Details
    • $661,500
      10,490 SF

      Aberdeen Commercial Building with Offices

      Commercial building featuring office spaces, cold storage, and climate control.
      11 N Dakota Street, Aberdeen, SD 57401
      View Details
    • $461,500
      4,000 SF

      Aberdeen Office Building For Sale

      4,000 SF office building with high-traffic frontage in Aberdeen.
      9 N Dakota Street, Aberdeen, SD
      View Details
    • $599,900
      4,322 SF

      Aberdeen Commercial Flex Space Available

      Commercial flex space in Aberdeen, South Dakota, for sale.
      811 SE 3rd Avenue, Aberdeen, SD 57401
      View Details
    • $3,400
      2,550 SF

      Office Space in Aberdeen, SD

      Office space for lease with utilities included and large parking.
      2816 Milwaukee Avenue, Aberdeen, SD 57401
      View Details

    FAQs

    What type of property is this?
    Land - Residential land available in Aberdeen, South Dakota.
    Where is this land located?
    The property is located at 1214 North Lancelot Drive Aberdeen, SD.
    What is the asking price?
    The asking price for this property is $42,900.
    What are key features of this property?
    This property features: Lot in Pine Haven Estates Fourth Subdivision; Covenants, plats and other information available upon request; Lot is marked with a steel post for easy identification
    (605) 380-2676
    We can help!
    Listing Contact
    Larry Hanson
    Larry Hanson
    Real Estate License ID: Broker-4772
    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.
    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
    1214 North Lancelot Drive, Aberdeen, SD 57401
    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!