Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Vermillion, SD Land For Sale Title is generated by Realmo AI

    Jack Powell Add lot 3 Block 4, Vermillion, SD 57069

    View on Map
    Claim this Listing
    Picture of Commercial land at Jack Powell Add lot 3 Block 4, Vermillion, SD
    For Sale
    $30,000

    LAND - Vermillion, SD

    Lot size:
    0.22 Acres
    Added:
    Aug 21, 2025
    Days on Market:
    276
    Last Refresh:
    May 23 at 4:06 pm

    Property Features for Jack Powell Add lot 3 Block 4

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    APN
    15337-00400-020-00
    Lot size
    0.22 Acres

    Taxes and HOA fees

    Tax Year
    2024
    Tax Description
    Lot 3 Block 4 Jack Powell Add to City of Vermillion Clay Co

    We can help!

    Listing Contact
    Glynis Erickson
    Glynis Erickson

    Listing agent Glynis Erickson

    Listing office Dakota Realty 125 E Cherry, Vermillion, SD

    Listing date Aug 21, 2025

    MLS# 829985 Listing URL

    Copyright © 2026 Northwest Iowa Regional Board of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Location: [-96.9623,42.8164]
    • $275 mailbox fee
    • Taxes TBD

    Overview

    This 0.2153-acre land is located in Vermillion, South Dakota. There is a $275 mailbox fee, and taxes are to be determined.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Vermillion
    County
    Clay
    State
    South Dakota
    Longitude
    -96.9623
    Latitude
    42.8164

    Nearby Similar for Sale

    • $720,000
      10,800 SF

      Commercial Building in Downtown Vermillion

      Commercial building with long-term tenants and recent renovations.
      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
    • $2,080,000

      Vermillion Multifamily Investment Opportunity

      Stabilized 24-unit apartment complex near the University of South Dakota.
      1000-1008 S Crawford Rd, Vermillion, SD 57069
      View Details
    • $375,000
      4,784 SF

      Vermillion Five-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
    • $119,500

      Vermillion Commercial Lot For Sale

      Commercial lot with development potential in a desirable Vermillion location.
      510 W Cedar, Vermillion, SD 57069
      View Details
    • $320,000

      Vermillion Land: Build Your Dream

      Scenic land near Clay County Park, customizable acreage available.
      460th Ave. and Daniel Place, Vermillion, SD 57069
      View Details
    • $269,000

      Missouri Riverfront Land Opportunity

      2.11-acre lot with 200 ft of river frontage.
      46039 Daniel Place, Vermillion, SD 57069
      View Details

    FAQs

    What type of property is this?
    Commercial land - Land available in Vermillion, South Dakota.
    Where is this commercial land located?
    The property is located at Jack Powell Add lot 3 Block 4 Vermillion, SD.
    What is the asking price?
    The asking price for this property is $30,000.
    What are key features of this property?
    This property features: Location: [-96.9623,42.8164]; $275 mailbox fee; Taxes TBD
    (605) 624-4474
    We can help!
    Listing Contact
    Glynis Erickson
    Glynis Erickson
    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
    Jack Powell Add lot: 3 Block 4, 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!