Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Agricultural Acreage Lot with Housing Eligibility Title is generated by Realmo AI

    471st St, Harrisburg, SD 57032

    View on Map
    Claim this Listing
    Picture of Agricultural land / Farmland at 471st St, Harrisburg, SD
    For Sale
    $250,000

    LAND - Harrisburg, SD

    Lot size:
    3.00 Acres
    Added:
    Dec 2, 2025
    Days on Market:
    183
    Last Refresh:
    Jun 3 at 2:06 pm

    Property Features for 471st St

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    Ag Land/Ag-A-Land Class A
    Standard status
    Active
    APN
    099.50.07.1040
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Description
    SE1/4NE1/4 7-99-50

    We can help!

    Listing Contact
    Brandon Martens
    Brandon Martens

    Listing agent Brandon Martens

    Listing office Better Homes and Gardens Real Estate Beyond 5915 S Remington PL. Ste 100, Sioux Falls, SD

    Listing date Dec 2, 2025

    MLS# 22600280 Listing URL

    Copyright © 2026 Realtor Association of the Sioux Empire MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • +/- 3‑acre acreage lot with housing eligibility
    • Utilities available in ditch
    • Subject to re‑zone/re‑plat
    • Additional acreage available up to 10 acres total at $25,000 per additional acre

    Overview

    This offering is an agricultural acreage lot with approximately three acres available and housing eligibility. Utilities are available in the ditch, supporting basic site development planning. The property is subject to re-zone and/or re-plat, so prospective buyers should confirm final approval requirements before proceeding with construction or subdivision plans.

    The land is located at 471st St in Harrisburg, South Dakota (Lincoln County). The listing also notes the possibility to expand the holding with additional acreage up to a total of 10 acres, providing options for buyers seeking a larger rural footprint while remaining within the same general parcel configuration.

    From a buyer’s perspective, this is a practical fit for those looking to plan a rural homesite on agricultural-zoned land with housing eligibility, while keeping an eye on the re-zoning/re-plat process. It may also appeal to investors or land users who want the ability to tailor the final acreage and site layout, depending on their intended use and the outcome of the required approvals.
    Property Profile Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Map

    City
    Harrisburg
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.787269
    Latitude
    43.439257

    Nearby Similar for Sale

    • $319,000

      Prime Land Near Sioux Falls

      Six acres of land near Sioux Falls and Harrisburg.
      Track 3 276Th St, Harrisburg, SD 57032
      View Details
    • $429,000

      Harrisburg Acreage: Build Your Dream

      12 acre lot near Harrisburg, SD, ideal for building.
      track 2 276th St, Harrisburg, SD 57032
      View Details
    • $395,000

      Acreage Homesite in Lakeview Estates

      Rare opportunity: 2.88 acres in established rural neighborhood.
      27235 Cedar Ridge Ct, Harrisburg, SD 57032
      View Details
    • $350,000

      Residential Land Near Sioux Falls

      2.03 Acres near Sioux Falls, build your dream home.
      271 St, Harrisburg, SD 57032
      View Details
    • $601,125

      Development Land in Harrisburg, SD

      0.92 acres of development land with high visibility.
      47519 E Willow St, Harrisburg, SD 57032
      View Details
    • $195,000

      Residential Land in Harrisburg, SD

      Prime lot in Harrisburg near schools, stores, and parks.
      910 Jekyll Cir, Harrisburg, SD 57032
      View Details
    • $105,000

      Residential Land in Harrisburg, SD

      Residential lot in Harrisburg, SD, near schools and parks.
      906 Jekyll Cir, Harrisburg, SD 57032
      View Details
    • $175,000

      Residential Lot in Harrisburg, SD

      Prime residential lot in Harrisburg, SD, walkable to amenities.
      901 Jekyll Cir, Harrisburg, SD 57032
      View Details
    • $195,000

      Harrisburg Land in Mills Creek

      Residential lot in Harrisburg, close to schools and parks.
      909 Jekyll Cir, Harrisburg, SD 57032
      View Details
    • $205,000

      Residential Land in Harrisburg, SD

      Prime lot in Harrisburg, SD, near schools and parks.
      911 Hyde Cir, Harrisburg, SD 57032
      View Details
    • $205,000

      Harrisburg Land in Mills Creek

      Residential land in Harrisburg, SD, near schools and parks.
      905 Jekyll Cir, Harrisburg, SD 57032
      View Details
    • $225,000

      Residential Land in Harrisburg, SD

      Prime lot in Harrisburg near schools, stores, and parks.
      912 Hyde Cir, Harrisburg, SD 57032
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Rural acreage with housing eligibility and utilities available in the ditch, offering flexibility pending re-zone or re-plat.
    Where is this agricultural land / farmland located?
    The property is located at 471st St Harrisburg, SD.
    What is the asking price?
    The asking price for this property is $250,000.
    What are key features of this property?
    This property features: +/- 3‑acre acreage lot with housing eligibility; Utilities available in ditch; Subject to re‑zone/re‑plat
    (605) 413-7522
    We can help!
    Listing Contact
    Brandon Martens
    Brandon Martens
    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
    471st St, Harrisburg, SD 57032
    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!