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    The Largest CRE Database in the US with Over 1 Million Listings

    27995 200Th St Pierre, SD 57501

    Sponsored
    For Sale
    $585,000

    Farm / Farmhouse, House (Detached) - Pierre, SD

    Type:Farm
    Property size:
    2,098 SF
    Lot size:
    12.17 Acres
    Days on Market:
    3
    Last Refresh:
    Feb 12 at 4:06 pm

    Property Features for 27995 200Th St

    General Information

    Property type
    Residential
    Property subtype
    Farm
    Standard status
    Active
    Rooms
    Basement, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Kitchen
    Bedrooms
    5
    Bathrooms
    3
    Parking features
    Garage, Garage - Attached
    Fireplace
    1
    Basement Y/N
    1
    Appliances
    Dishwasher, Dryer, Microwave, Refrigerator, Washer
    Size
    2,098 SF
    Lot size
    12.17 Acres

    Utilities

    Heating system
    Electric (Heating), Fireplace(s), Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1921
    Year renovated
    1921
    Floors in Building
    2
    Flooring type
    Carpet, Hardwood, Tile
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Ben Doty

    Whitetail Properties Real Estate LLC (920) 369-6869

    Listing agent Ben Doty (920) 369-6869

    Listing date Feb 10, 2026

    MLS# 11651884 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    12.17 Acre Pierre Farm Property

    This 12.17 acre property on the Peoria Flats near Pierre, South Dakota, features residential living, usable acreage, and direct access to public outdoor recreation. The setting includes open ground, a small fenced pasture, and proximity to public land and water access. The acreage supports hobby livestock, equipment storage, and general rural living, with immediate access to hunting and fishing. The home, originally built in 1921, includes five bedrooms (one nonconforming) and three bathrooms, providing multiple functional living spaces suitable for full-time residency or seasonal use. The house is connected to rural water, supporting household and livestock needs. An attached two-car garage provides enclosed parking and storage, and a detached one-car garage adds additional space for equipment, tools, or recreational gear. The small fenced pasture can support light livestock or other agricultural or hobby purposes. The open terrain around the home offers room for future improvements, additional outbuildings, or expanded outdoor use. The property's location near the Missouri River corridor places it within an area known for diverse wildlife and public access opportunities, allowing access to nearby habitat and water without long travel times. The Peoria Flats region is known for its open views, rolling terrain, and proximity to the amenities of Pierre, approximately 20 minutes away, which provides groceries, fuel, hardware, medical services, and other essential needs. The property can serve as a primary residence, a seasonal base for outdoor activities, or a rural acreage with space for livestock and equipment. The property's layout and utilities support year-round use, and the acreage offers room for future customization. The property size is 2098 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Ranches

    Map

    City
    Pierre
    County
    Hughes
    State
    South Dakota
    Longitude
    -100.531936
    Latitude
    44.488501

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    FAQs

    What type of property is this?
    Farm - 12.17 acre property with house, pasture, and public access.
    Where is this farm located?
    The property is located at 27995 200Th St Pierre, SD.
    What is the asking price?
    The asking price for this property is $585,000.
    What are key features of this property?
    This property features: - Direct access to public hunting and fishing areas along the Missouri River corridor.; - 12.17 acres of usable land suitable for hobby livestock, equipment storage, and rural living.; - Historic home with **five bedrooms and three bathrooms**, connected to rural water.
    (920) 369-6869
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    27995 200Th St Pierre, SD 57501
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    Pierre, SD 57501
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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
    27995 200Th St Pierre, SD 57501
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    We can help!
    Listing Contact
    Ben Doty
    (920) 369-6869 (605) 222-1197
    Learn more
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