Sign Up Successful!
You now have access to more from Realmo!
    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

    460th Ave. And Daniel Pl Vermillion, SD 57069

    Sponsored
    Picture of Residential land & home lots at Ave. And Daniel Pl 460th, Vermillion, SD
    For Sale
    $320,000

    Residential - Vermillion, SD

    Type:Single Family Residence
    Lot size:
    8.00 Acres
    Days on Market:
    8
    Last Refresh:
    Feb 10 at 1:06 pm

    Property Features for 460th Ave. And Daniel Pl

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    8.00 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Sarah Taggart

    Premier Real Estate, LTD (605) 624-2646

    Listing agent Sarah Taggart (605) 624-2646

    Listing date Feb 3, 2026

    MLS# 831692 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.

    Learn more

    Overview

    Vermillion Land with River Views

    This property offers an opportunity to create a home in a rural setting, located minutes from town at the corner of 460th Avenue and Daniel Place. The land is situated steps from the Clay County Park boat landing and borders the Discovery Landing, providing access to outdoor recreation and Missouri River views. The property consists of 8 acres and may be purchased as a single parcel or divided into two or three lots, each with a minimum lot size of 2 acres. Clay Rural Water and Clay Union Electric utilities are available. Road and drive access will be installed to the lot by the seller.
    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

    • New
      $235,000
      1,911 SF

      Vermillion Multi-Unit For Sale

      Multi-unit residential property in Vermillion, South Dakota.
      105/107 Dartmouth St, Vermillion, SD 57069
      View Details
    • $350,000
      2,496 SF

      Vermillion Duplex Near USD Campus

      Upgraded duplex near USD Campus with income potential.
      4 W Clark St, Vermillion, SD 57069
      View Details
    • New
      $169,900
      1,924 SF

      Vermillion Duplex Near Downtown

      Duplex near downtown, schools, and park in Vermillion, SD.
      216-218 W Cedar St, Vermillion, SD 57069
      View Details
    • $259,000
      3,424 SF

      Vermillion Duplex with Rental History

      Side-by-side duplex with finished basement and garage access.
      302 S Plum St, Vermillion, SD 57069
      View Details
    • $298,000
      1,800 SF

      Vermillion Retail Investment Opportunity

      1,800 SF building ideal for retail investment in Vermillion.
      1325 E Cherry St, Vermillion, SD 57069
      View Details
    • $299,900
      0.44 Acres

      Vermillion Commercial Corner Lot

      Bar/Casino near USD campus on a corner lot.
      23 East Cherry St, Vermillion, SD 57069
      View Details
    • Contact for pricing
      60,749 SF

      Vermillion Multifamily Investment Opportunity

      Fully leased Class A multifamily property in Vermillion, South Dakota.
      1317 Madison St, Vermillion, SD 57069
      View Details
    • $30,000
      0.24 Acres

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      4 Jack Powell Addition, Vermillion, SD 57069
      View Details
    • $30,000
      0.21 Acres

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      4 Jack Powell Addition, Vermillion, SD 57069
      View Details
    • $30,000
      0.24 Acres

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      4 Jack Powell Add, Vermillion, SD 57069
      View Details
    • Contact for pricing

      Fully Leased Apartment and Townhome

      Class A property with a mix of apartments and townhomes.
      1317 Madison St, Vermillion, SD 57069
      View Details
    • $30,000
      0.21 Acres

      Vermillion Residential Lot For Sale

      Residential lot available in Vermillion, South Dakota.
      4 Jack Powell Addition, Vermillion, SD 57069
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 8 acres of customizable land near the Missouri River.
    Where is this residential land & home lot located?
    The property is located at 460th Ave. And Daniel Pl Vermillion, SD.
    What is the asking price?
    The asking price for this property is $320,000.
    What are key features of this property?
    This property features: - Customizable acreage: Purchase as a single parcel or divided into two or three 2+ acre lots.; - Prime location: Minutes from town, offering both privacy and accessibility.; - Scenic views & outdoor recreation: Borders Discovery Landing and steps from Clay County Park boat landing with Missouri River views.
    (605) 624-2646
    Request Owner's contact information
    460th Ave. And Daniel Pl Vermillion, SD 57069
    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.
    460th Ave. And Daniel Pl
    Vermillion, SD 57069
    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
    460th Ave. And Daniel Pl Vermillion, SD 57069
    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

    We can help!
    Listing Contact
    Sarah Taggart
    (605) 624-2646
    Learn more
    Google sign-in failed. Please try again or use another login method.