Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Waterfront Building Lot with River Frontage Title is generated by Realmo AI

    46039 Daniel Place, Vermillion, SD 57069

    View on Map
    Claim this Listing
    For Sale
    $269,000

    LAND - Vermillion, SD

    Lot size:
    2.11 Acres
    Added:
    Aug 12, 2025
    Days on Market:
    299
    Last Refresh:
    Jun 6 at 7:06 pm

    Property Features for 46039 Daniel Place

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    11250-00000-110-00
    Lot size
    2.11 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    LOT 11 DISCOVERY LANDING ADDN 16 & 22-92-52 VERMILLION TWP, COUNTY OF CLAY, SOUTH DAKOTA

    Utilities

    Water front
    1

    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# 829866 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.

    HighLights

    • 2.16‑acre Missouri River lot at Discovery Landing with 200 ft of river frontage
    • Tucked along the wild and scenic Missouri National Recreational River for boating, fishing, and kayaking
    • Tall native cottonwood trees plus native grasses, plants, and vegetation on the property
    • Access via paved 460th St to Daniel Place, with the development entrance on a newly built gravel road
    • Clay Rural Water pipe, Santel communications fiber optic internet, and Clay Union Electric are installed on the lots
    • CU Electric will install transformers at no cost upon buyer’s request; Clay County Park boat landing is just upriver and adjacent

    Overview

    This waterfront lot at Discovery Landing is ready for construction and features tall, native cottonwood trees along with existing native grasses and vegetation. Designed for a home or vacation destination, it offers river frontage and a rural setting intended to support a quieter lifestyle outdoors.

    Access is provided via paved roads on 460th St. to the development entrance at Daniel Place, where travel continues on a newly built gravel road. Just upriver and adjacent to Discovery Landing is Clay County Park, which provides a public boat landing that is accessible for water-based recreation. The property is located in Clay County near Vermillion.

    Utilities are installed on the lots, including Clay Rural Water pipe, Santel communications fiber optic internet, and Clay Union Electric. CU Electric will install the transformers at no cost upon buyer request. Buyers will be members of the Discovery Landing HOA, and bank stabilization will be the buyer’s responsibility and will be required within 18 months of purchase. For buyers seeking a buildable riverfront site with practical infrastructure already in place, this parcel offers a straightforward path to development within the community’s shared framework.
    Location Intelligence

    Current Use by Public Records

    Waterfront Land

    Map

    City
    Vermillion
    County
    Clay
    State
    South Dakota
    Longitude
    -96.994256
    Latitude
    42.764594

    Nearby Similar for Sale

    • $720,000
      10,800 SF

      Multi-Tenant Office Building Investment

      Downtown office building with long-term and month-to-month tenants, a roof replacement in 2022, and planned new flooring.
      121 Kidder Street, Vermillion, SD 57069
      View Details
    • $2,080,000

      Stabilized 24-Unit Multifamily Investment

      100% occupied, nearly fully renovated two-building asset with a diversified unit mix and immediate income potential.
      1000-1008 S Crawford Rd, Vermillion, SD 57069
      View Details
    • $289,900

      Industrial Storage Building with Overhead Doors

      Two commercial storage units include cold storage and a heated steel building with overhead doors and strong rental history.
      725/717 Broadway, Vermillion, SD 57069
      View Details
    • $199,900
      1,676 SF

      Vermillion Multifamily Property with Expansion Potential

      Multifamily property on two lots near schools and downtown.
      216-216 1/2 High, Vermillion, SD 57069
      View Details
    • $49,900

      Leased Tea Shop with Included Equipment

      Turnkey tea shop setup with equipment included, suited for an owner-operator or investor with an existing lease.
      408 Bower, Vermillion, SD 57069
      View Details
    • $169,900
      1,924 SF

      Vermillion Duplex Near Downtown

      Two-unit duplex near downtown Vermillion, South Dakota.
      216-218 W Cedar, Vermillion, SD 57069
      View Details
    • $299,900

      Corner Lot Bar and Casino

      Prime corner location offers strong visibility for hospitality concepts near USD and the Dakota Dome.
      23 E Cherry Street, 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
    • $119,500

      Commercial Development Land with Access Strip

      Build-ready commercial lot with development potential, where access is secured through an adjoining 50-foot frontage strip.
      510 W Cedar, Vermillion, SD 57069
      View Details
    • $2,080,000
      6,560 SF

      Vermillion Multifamily Investment Opportunity

      Stabilized 24-unit multifamily property in Vermillion, South Dakota.
      1000 South Crawford Road, Vermillion, SD 57069
      View Details
    • $315,000

      Waterfront Development Lot with River Access

      Missouri River lot at Discovery Landing with established utilities and ready-to-build configuration for a custom home or retreat.
      46055 Daniel Place, Vermillion, SD 57069
      View Details
    • $279,000

      Waterfront Recreation Land Opportunity

      Missouri River frontage with native cottonwoods, ready to build for a private home or vacation retreat at Discovery Landing.
      46047 Daniel Place, Vermillion, SD 57069
      View Details

    FAQs

    What type of property is this?
    Waterfront Land - Large Missouri River lot at Discovery Landing with established native trees and utilities in place for a new build.
    Where is this waterfront land located?
    The property is located at 46039 Daniel Place Vermillion, SD.
    What is the asking price?
    The asking price for this property is $269,000.
    What are key features of this property?
    This property features: 2.16‑acre Missouri River lot at Discovery Landing with 200 ft of river frontage; Tucked along the wild and scenic Missouri National Recreational River for boating, fishing, and kayaking; Tall native cottonwood trees plus native grasses, plants, and vegetation on the property
    (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

    Thank You for Inquiry
    46039 Daniel Place, Vermillion, SD 57069
    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!