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

    1008 N Oaks Ave Hartford, SD 57033

    Loading data...
    Loading data...
    Loading data...
    For Sale
    $264,379

    Industrial land available in Hartford with infrastructure support.

    Lot size:
    1.43 Acres

    Property Features for 1008 N Oaks Ave

    General Information

    Lot size
    1.43 Acres

    We can help!

    Listing Contact
    Kristen Zueger, Sior
    Source: Moodyscre

    Listing Agent: Kristen Zueger, Sior

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

    Learn more

    Overview

    Hartford Industrial Land For Sale

    This industrial land is located within the North Oaks Industrial Park. The City of Hartford has received $2M in state and federal funding to support the construction of roads and infrastructure for the park. The property is zoned Light Industrial (L-1), which allows for light manufacturing, wholesale, warehousing, and service uses. Utilities are subbed to the site, and a shared pond detention agreement is in place. A 3-mile radius around the property has a strong demographic profile, with an average household income of $102,590 and a median age of 33. The area also features a thriving business community with 160 businesses. Note that the property has covenants and restrictions in place. Envision Hartford 2025 is a five-year initiative focused on economic and community growth, with a key goal of attracting businesses, increasing the daytime population, and strengthening the local economy.
    Location Intelligence

    Current Use by Public Records

    ATS Complete Diesel ... Auto Repair Shop

    Suggested Use

    Restaurant Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.9471975
    Latitude
    43.6329492

    Nearby Similar for Sale

    • $125,000
      Pending

      Retail/Office Space on Main Ave

      Highly visible retail or office location in Hartford, South Dakota.
      105 S Main Ave, Hartford, SD 57033
      View Details
    • $3,200,000

      Two Buildings with 24 Units

      Two twelve-plex apartment buildings with 24 garages in Hartford.
      804-810 Ruud Ln, Hartford, SD 57033
      View Details
    • $3,200,000
      25,424 SF

      Two Multifamily Buildings with Garages

      Two 12-plex buildings with 24 garages and one vacant unit.
      804-810 Ruud Ln, Hartford, SD 57033
      View Details
    • $325,000

      Hartford Office Space For Sale

      Office building with private office, cubicles, and cold storage.
      115 North Main Ave, Hartford, SD 57033
      View Details
    • $219,000
      0.24 Acres

      Historic Hartford Building - Prime Investment

      Versatile 6,457+ sq ft building, zoned residential.
      100 Mundt Ave, Hartford, SD 57033
      View Details
    • $1,900,000
      60.29 Acres

      I-90 Speedway & 60 Acres

      Successful Raceway & Prime Land
      46052 Hwy, Hartford, SD 57033
      View Details

    FAQs

    What type of property is this?
    Industrial land - Industrial land available in Hartford with infrastructure support.
    Where is this industrial land located?
    The property is located at 1008 N Oaks Ave Hartford, SD.
    What is the asking price?
    The asking price for this property is $264,379.
    What are key features of this property?
    This property features: - Favorable light industrial (L-1) zoning permits diverse uses.; - Strong demographics: $102,590 AHHI within a 3-mile radius.; - Utilities are subbed to the site, facilitating immediate development.
    (605) 323-2820
    Request Owner's contact information
    1008 N Oaks Ave Hartford, SD 57033
    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.
    1008 N Oaks Ave
    Hartford, SD 57033
    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
    1008 N Oaks Ave Hartford, SD 57033
    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
    Kristen Zueger, Sior
    (605) 323-2820
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.