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

    SD Hwy 17 Hwy Tea, SD 57064

    View on Map
    For Sale
    $900,000

    LAND - Tea, SD

    Lot size:
    16.50 Acres
    Added:
    Feb 14, 2026
    Days on Market:
    52
    Last Refresh:
    Apr 7 at 1:06 am

    Property Features for SD Hwy 17 Hwy

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    A-1 Ag Land
    Standard status
    Active
    APN
    100.50.57.4000
    Lot size
    16.50 Acres

    Taxes and HOA fees

    Tax Description
    SE1/4 (EX ROAD & W 533.44' & E 41' OF W 574.44' OF S 557.07' & TIMMERMAN'S ADD) 17-100-51
    Tax Annual Amount
    3460

    We can help!

    Listing Contact
    Suzie Bunkers
    Suzie Bunkers

    Listing agent Suzie Bunkers License #15446

    Listing office RE/MAX Professionals Inc 606 W 33rd St, Sioux Falls, SD

    Listing date Feb 14, 2026

    MLS# 22601051

    Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    A-1 Ag Land in Tea, SD

    This 16.5-acre property, zoned A-1 Ag Land, offers three building eligibilities. An additional 121 acres may be purchased. The land is suitable for custom homes, a barn dominium, or three homes built together with a pond. It provides easy access and is close to amenities, offering a country feel with city convenience. The property is located on SD Hwy 17 Hwy in Tea, SD. It is ideal for a 1031 exchange property on 85th Street and allows for building a private water feature.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Tea
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.8395
    Latitude
    43.4649

    Nearby Similar for Sale

    • $220,000

      Commercial Lot in Growing Tea

      High-visibility commercial lot in a high-growth Sioux Falls metro area.
      500 N Heritage Pkwy, Tea, SD 57064
      View Details
    • $943,000
      6,740 SF

      Commercial Property in Tea, SD

      Commercial property for sale in Tea, South Dakota.
      1100 E David Pl, Tea, SD 57064
      View Details
    • $2,250,000

      Car Wash Investment Opportunity

      Established car wash facility with multiple service options for sale.
      810 Gateway Lane, Tea, SD 57064
      View Details
    • $1,249,000
      10,545 SF

      Restaurant and Retail Ready Property

      Equipped restaurant and retail property for sale in Tea, SD.
      215 S Main Ave, Tea, SD
      View Details
    • $2,250,000
      4,320 SF

      Tea, SD Car Wash Facility

      Car wash facility in Tea, SD with multiple service options.
      810 Gateway Ln, Tea, SD
      View Details
    • $2,250,000

      Car Wash Investment Opportunity

      Established car wash facility with multiple service options for sale.
      810 Gateway Lane, Tea, SD 57064
      View Details
    • $84,900

      Residential Land in Tea, SD

      Spacious lot in Nine Mile Lake Addition with scenic views.
      1115 E Madison St, Tea, SD 57064
      View Details
    • $457,750

      Commercial Lot Near Heritage Parkway

      Commercial lot with utilities and sewer in Tea, South Dakota.
      Gateway Lane, Tea, SD 57064
      View Details
    • $895,000
      758 SF

      Commercial Space with Apartment Units

      Commercial space with 30 apartment units above available for rent.
      120 N Heritage Pkwy, Tea, SD
      View Details
    • $99,900

      Residential Lot in Tea, SD

      Spacious lot with water views in Nine Mile Lake.
      1210 E Madison St, Tea, SD 57064
      View Details
    • $159,000

      Waterfront Lot in Tea, SD

      Waterfront lot in a quiet cul-de-sac to build dream home.
      2725 N Pickerel Cir, Tea, SD 57064
      View Details
    • $220,000

      Commercial Lot in Growing Tea

      High-visibility commercial lot in a high-growth Sioux Falls metro corridor.
      500 N Heritage Parkway, Tea, SD 57064
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 16.5 acres with building eligibilities near amenities in Tea.
    Where is this agricultural land / farmland located?
    The property is located at SD Hwy 17 Hwy Tea, SD.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: 16.5 acres with eligibility to build up to 3 structures.; Option to purchase an additional 121 acres.; Ideal for custom homes, barn dominium, or multiple homes.
    (605) 310-1162
    We can help!
    Listing Contact
    Suzie Bunkers
    Suzie Bunkers
    Real Estate License ID: 15446
    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!