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    27096 468Th Ave Tea, SD 57064

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    For Sale
    $1,100,000

    Land suitable for apartment development, near Tea Area High School.

    Lot size:
    5.56 Acres

    Property Features for 27096 468Th Ave

    General Information

    Lot size
    5.56 Acres

    Source: Nelson Commercial Agent Ron Nelson

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

    Overview

    Land Ideal for Apartment Development

    This property, located two blocks north of Tea Area High School, is ideal for apartment development. The site includes 1.76 acres of wetlands; an exact wetland map is available upon request. Wetland mitigation and restoration to usable land is estimated to cost approximately $70,000 per acre. Rural or city water is available.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Tea
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.846287
    Latitude
    43.460659

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    FAQs

    What type of property is this?
    Land - Land suitable for apartment development, near Tea Area High School.
    Where is this land located?
    The property is located at 27096 468Th Ave Tea, SD.
    What is the asking price?
    The asking price for this property is $1,100,000.
    What are key features of this property?
    This property features: - Ideal for Apartment Development; - 2 Blocks North of Tea Area High School; - Rural or City Water available
    (605) 728-7600
    Request Owner's contact information
    27096 468Th Ave Tea, SD 57064
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    Tea, SD 57064
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    Realmo Value Estimation

    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.

    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.

    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
    27096 468Th Ave Tea, SD 57064
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