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

    1001 N Dakota St Vermillion, SD 57069

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Student housing near the University of South Dakota.

    Property Features for 1001 N Dakota St

    General Information

    Standard status
    Active

    Building Details

    Year built
    2019

    We can help!

    Listing Contact
    Alex Soundy
    Alex Soundy
    Source: Crexi

    Listing Agency: Bender Commercial Listing Agent: Alex Soundy

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

    Learn more

    Overview

    Student Housing Investment Opportunity

    The Heights - Vermillion is a student housing investment property featuring 236 beds within 74 units. The property is located adjacent to the University of South Dakota, which has approximately 10,000 students across all programs. The location provides students with convenient access to academic facilities, athletics, and campus amenities.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    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
    -96.9291189
    Latitude
    42.7912265

    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 St, 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 St, Vermillion, SD 57069
      View Details
    • $195,000
      1,350 SF

      Vermillion Duplex with Garage

      Vermillion duplex with private entrances, unfinished basement, and garage.
      117 S Pine St, Vermillion, SD 57069
      View Details
    • $299,900
      0.44 Acres

      Vermillion Commercial Property on Cherry

      Corner lot near USD campus, suitable for various commercial ventures.
      23 East Cherry St, Vermillion, SD 57069
      View Details
    • $279,000
      2,496 SF

      Vermillion Multi-Unit Near USD Campus

      Upgraded duplex near USD Campus with income potential.
      4 W Clark St, Vermillion, SD 57069
      View Details
    • New
      $199,900
      1,676 SF

      Vermillion Multi-Unit Investment Opportunity

      Multi-unit property with expansion potential near schools and downtown.
      216-216 High St, Vermillion, SD 57069
      View Details
    • $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
    • $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
    • $298,000
      1,800 SF

      Versatile Commercial Property For Sale

      Mixed-use commercial property suitable for retail, office, or industrial use.
      1325 E Cherry St, Vermillion, SD 57069
      View Details
    • $32,000
      0.23 Acres

      Residential Lot in Vermillion, SD

      Residential lot available in Vermillion, South Dakota.
      3 Bliss Pointe, Vermillion, SD 57069
      View Details
    • Contact for pricing

      Student Housing Portfolio Opportunity

      Student housing portfolio totaling 310 beds across 127 units.
      1000 N Dakota St, 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

    FAQs

    What type of property is this?
    Apartment building - Student housing near the University of South Dakota.
    Where is this apartment building located?
    The property is located at 1001 N Dakota St Vermillion, SD.
    What are key features of this property?
    This property features: - Premier student housing investment property with **236 beds and 74 units**.; - Strategically located adjacent to the University of South Dakota (USD).; - **Immediate proximity and walkability to USD campus**, academic facilities, athletics, and amenities.
    (605) 681-8351
    Request Owner's contact information
    1001 N Dakota St 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.
    1001 N Dakota St
    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
    1001 N Dakota St 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
    Alex Soundy
    Alex Soundy
    Real Estate License ID: 18022
    Learn More
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!