Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Student Housing Portfolio Opportunity Title is generated by Realmo AI

    1000 N Dakota St, Vermillion, SD 57069

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Student housing portfolio totaling 310 beds across 127 units.

    Type:Multifamily
    Added:
    Feb 17, 2026
    Days on Market:
    93
    Last Refresh:
    Mar 17 at 1:16 pm

    Property Features for 1000 N Dakota St

    General Information

    Standard status
    Active
    Property subtype
    Multifamily

    We can help!

    Listing Contact
    Alex Soundy
    Alex Soundy

    Listing agent Alex Soundy License #SD 18022

    Listing office Bender Commercial

    Listing date Feb 17, 2026

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Bender Commercial

    HighLights

    • Portfolio of 310 beds across 127 units, offering significant scale.
    • Premier student housing portfolio, indicating high quality and desirability.
    • Strategically positioned adjacent to established public universities, ensuring consistent demand.
    • Unparalleled convenience and walkability to academic facilities.
    • Immediate proximity to campus, a key factor for student renters.
    • Available as a portfolio or for individual sale, providing flexibility for buyers.

    Overview

    The Heights presents a student housing portfolio, encompassing 310 beds within 127 units. The properties are strategically located adjacent to established public universities in the Upper Midwest. The properties are available as a portfolio or for individual sale. The location provides students with convenient access to academic facilities, athletics, and campus amenities.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Comedians for you Nightclub The Heights Apartment Building

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Vermillion
    County
    Clay
    State
    South Dakota
    Longitude
    -96.9280489
    Latitude
    42.7698605

    Nearby Similar for Sale

    • $720,000
      10,800 SF

      Vermillion Commercial Building Investment Opportunity

      Commercial building with long-term tenants in downtown Vermillion.
      121 Kidder Street, Vermillion, SD 57069
      View Details
    • $289,900
      3,530 SF

      Commercial Storage Property in Vermillion

      Commercial storage property with rental income potential in Vermillion, SD.
      717 Broadway, 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
    • $199,900
      1,676 SF

      Vermillion Multifamily Property with Expansion Potential

      Multifamily property on two lots with room to expand.
      216-216 1/2 High, Vermillion, SD 57069
      View Details
    • $235,000
      1,911 SF

      Updated Duplex Near University

      High-demand duplex near the University of South Dakota.
      105/107 Dartmouth, Vermillion, SD 57069-0105
      View Details
    • $169,900
      1,924 SF

      Vermillion Duplex Near Downtown

      Up and down duplex close to downtown, schools, and park.
      216-218 W Cedar, 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
    • $299,900

      Vermillion Commercial Property on Cherry

      Commercial building on corner lot near USD campus and Dakota Dome.
      23 E Cherry Street, 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 Street, Vermillion, SD 57069
      View Details
    • Contact for pricing

      Student Housing Investment Opportunity

      Student housing near the University of South Dakota.
      1001 N Dakota St, Vermillion, SD 57069
      View Details
    • $30,000

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      Block 4, Jack Powell Addition lot: 25, Vermillion, SD 57069
      View Details
    • $30,000

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      Block 4, Jack Powell Addition lot: 26, Vermillion, SD 57069
      View Details

    FAQs

    What type of property is this?
    Apartment building - Student housing portfolio totaling 310 beds across 127 units.
    Where is this apartment building located?
    The property is located at 1000 N Dakota St Vermillion, SD.
    What are key features of this property?
    This property features: Portfolio of **310 beds across 127 units**, offering significant scale.; **Premier student housing portfolio**, indicating high quality and desirability.; Strategically positioned adjacent to established public universities, ensuring consistent demand.
    (715) 577-9027 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Soundy
    Alex Soundy
    Real Estate License ID: SD 18022
    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
    1000 N Dakota St, 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!