Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    46035 Daniel Place Vermillion, SD 57069

    View on Map
    Claim this Listing
    For Sale
    $279,000

    Residential - Vermillion, SD

    Type:Single Family Residence
    Lot size:
    2.33 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    257
    Last Refresh:
    Apr 25 at 9:06 am

    Property Features for 46035 Daniel Place

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    APN
    11250-00000-100-00
    Lot size
    2.33 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Annual Amount
    0

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Taggart
    Sarah Taggart

    Listing agent Sarah Taggart

    Listing office Premier Real Estate and Property Management 1216 E Cherry Suite 101, Vermillion, SD

    Listing date Aug 12, 2025

    MLS# 829865 Listing URL

    Copyright © 2026 Northwest Iowa Regional 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.

    Overview

    Missouri Riverfront Residential Land

    This 2.33-acre lot offers an opportunity to own property on the Missouri National Recreational River. Located less than 4 miles from town, the site provides a rural setting suitable for building a dream home or vacation destination. The lot features native Cottonwood trees, grasses, plants, and vegetation, along with 219 feet of river frontage. Situated on a point, the property offers views both up and downriver. Access is via paved roads on 460th St. to the development entrance at Daniel Place, which is a newly built gravel road. Clay County Park, with a public boat landing, is located upriver and adjacent to Discovery Landing. Clay Rural Water pipe, Santel communications fiber optic internet, and Clay Union Electric are installed on the lots. CU Electric will install the transformers at no cost upon buyer’s request. Bank stabilization will be the responsibility of the buyer and will be required within 18 months of purchase. This lot has some bank stabilization in place. Buyers will be members of Discovery Landing HOA.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Vermillion
    County
    Clay
    State
    South Dakota
    Longitude
    -96.9263
    Latitude
    42.8915

    Nearby Similar for Sale

    • $720,000
      10,800 SF

      Vermillion Commercial Building For Sale

      Commercial building with long-term tenants in downtown Vermillion.
      121 Kidder Street, Vermillion, SD 57069
      View Details
    • $375,000
      4,784 SF

      Vermillion Multi-Unit Income Property

      Five-unit income property near Downtown Vermillion and USD campus.
      125 Prospect, Vermillion, SD 57069
      View Details
    • $195,000
      1,350 SF

      Vermillion Duplex with Garage

      Updated duplex with expansion potential and detached two-stall garage.
      117 S Pine, Vermillion, SD 57069
      View Details
    • $199,900
      1,676 SF

      Vermillion Multi-Unit Investment Opportunity

      Multi-unit property with expansion potential near schools and downtown.
      216-216 1/2 High, Vermillion, SD 57069
      View Details
    • $299,900

      Vermillion Commercial Corner Lot

      Corner lot near USD campus, suitable for various commercial uses.
      23 East Cherry Street, Vermillion, SD 57069
      View Details
    • $169,900
      1,924 SF

      Vermillion Duplex Near Downtown

      Up and down duplex near downtown, schools, and park.
      216-218 W Cedar, Vermillion, SD 57069
      View Details
    • $119,500

      Vermillion Commercial Lot For Sale

      Commercial lot with development potential in a desirable location.
      510 W Cedar, Vermillion, SD 57069
      View Details
    • $315,000

      Missouri Riverfront Land Opportunity

      Stunning Missouri River lot ready for your dream home.
      46055 Daniel Place, Vermillion, SD 57069
      View Details
    • $298,000
      1,800 SF

      Versatile Commercial Property For Sale

      Mixed-use commercial property suitable for retail, office, or industrial use.
      1325 E Cherry Street, Vermillion, SD 57069
      View Details
    • $320,000

      Vermillion Land with River Views

      8-acre residential land near Clay County Park and Missouri River.
      TBD 460th Ave. and Daniel Place, Vermillion, SD 57069
      View Details
    • $272,000

      Missouri Riverfront Land Opportunity

      2.2-acre Missouri River lot ready for your dream home.
      46043 Daniel Place, Vermillion, SD 57069
      View Details
    • $269,000

      Missouri Riverfront Residential Land

      2.11-acre lot with 200 ft of river frontage.
      46039 Daniel Place, Vermillion, SD 57069
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 2.33-acre lot with 219 ft of river frontage.
    Where is this residential land & home lot located?
    The property is located at 46035 Daniel Place Vermillion, SD.
    What is the asking price?
    The asking price for this property is $279,000.
    What are key features of this property?
    This property features: 2.36‑acre lot with **219 ft of Missouri River frontage** on the Missouri National Recreational River.; Utilities installed: Clay Rural Water pipe, Santel communications fiber optic internet, and Clay Union Electric.; **Located on a point with views up and down the river.**
    (605) 624-2646
    We can help!
    Listing Contact
    Sarah Taggart
    Sarah Taggart
    Learn More
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!