Mixed-Use Property with Auto
47028 Smith Cir, Harrisburg, SD 57032
For Sale
$3,970,000
The property combines automotive service space with a residence and excess land under commercial and rural residential zoning.
Property Size20,616 SF
Price / SF$192.57
Days on Market300
Property Features for 47028 Smith Cir
General Information
Standard status
Size
Property subtype
Zoning
Additional Details
Business Included
Automotive Uses
Real Estate Included
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
605 Real Estate LLC
(605) 759-4294
Listed By:
Elizabeth Rieffenberger
Source:
Davedaale
Added: Jan 14
Changed: Nov 7
Last Checked: Nov 9 at 2:58PM
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 605 Real Estate LLC
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Investment Insights
Based on property information with market context.
This mixed-use property includes an automotive shop, a residence, and excess land. The shop is suited to automotive, semi-truck, and RV service, pairing commercial space with residential use on the same property. Built in 1997, it is zoned for commercial and rural residential use.
Key Highlights
- Automotive shop with capacity for automotive, semi‑truck, and RV service
- Includes a residence and excess land
- Built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$193,263
Cap Rate
4.87%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,865,260
$3.9M
Cap Rate 7%
$2,760,900
$2.8M
Cap Rate 9%
$2,147,367
$2.1M
Market Conditions
NOI Build-Up for 20,616 SF
Gross rent
$296.9K $14.40/SF
− Vacancy
−$20.8K −$1.01/SF
EGI
$276.1K $13.39/SF
− OpEx
−$82.8K −$4.02/SF
NOI
$193.3K $9.37/SF
Area
Lincoln County, SD
Vacancy
7.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,865,260
Cap Rate 7%
$2,760,900
Cap Rate 9%
$2,147,367
Alternative Uses
Best Use
Retail
$2.76M
$2.42M – $3.22M
NOI $193,263 @ 7.0% cap · market cap 4.87%
Second Best
Mixed Use
$2.10M
$1.84M – $2.45M
NOI $146,951 @ 7.0% cap · market cap 3.70%
Theoretical Best
Office A
$4.58M
$4.00M – $5.34M
NOI $320,373 @ 7.0% cap · market cap 8.07%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
67
Businesses Nearby
Explore this area
Business Placement
Demographics for 57032, SD
8,810
Population
3,511
Households
2.5
Avg Household Size
31
Median Age
38%
College-Educated
96%
High-School Grad
48.8 sq mi
ZIP Area
181
Density / Sq Mi
$107,241
Median Household Income
$50,628
Median Earnings
$1,351
Median Rent
$295,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines automotive service space with a residence and excess land under commercial and rural residential zoning.
Where is this mixed-use property located?
The property is located at 47028 Smith Cir Harrisburg, SD.
What is the asking price?
The asking price for this property is $3,970,000.
What are key features of this property?
This property features: Automotive shop with capacity for automotive, semi‑truck, and RV service; Includes a residence and excess land; Built in 1997
