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    27096 468Th Ave Tea, SD 57064

    Sponsored
    For Sale
    $1,100,000

    5.56 Acres, High School Proximity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 5.56-acre property in Tea, South Dakota, presents a unique investment opportunity. Located just two blocks north of Tea Area High School, this land offers significant potential for various commercial and agricultural uses. Currently zoned A-1 Agriculture, the property's versatility allows for diverse development options. While 1.76 acres are designated as wetlands, a wetland mitigation and restoration plan is feasible, with estimated costs of approximately $70,000 per acre to reclaim the usable land. The property's convenient location provides easy access to essential amenities and infrastructure. The availability of both rural and city water further enhances its development potential. This prime location, combined with its size and zoning, makes it an attractive prospect for developers seeking to capitalize on the growing Tea community. Detailed wetland maps are available upon request, providing comprehensive information for potential buyers to assess the feasibility of their development plans. The asking price for this significant land parcel is $1,100,000. This represents a compelling investment opportunity in a thriving South Dakota community. The address is 27096 468th Ave, Tea, SD 57064.

    Property Features for 27096 468Th Ave

    General Information

    Property type
    Farms
    Lot Size
    242,194 SF

    HighLights

    • 5.56‑acre commercial/agricultural land in Tea, SD.
    • Located two blocks from Tea Area High School.
    • Currently zoned A‑1 Agriculture, with wetland mitigation possible (estimated $70,000/acre).
    • Access to rural and city water.
    • Asking price: $1,100,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -96.84620543
    Latitude
    43.46133825

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    FAQs

    What type of property is this?
    Farm - 5.56 Acres, High School Proximity
    Where is this farm 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: 5.56-acre commercial/agricultural land in Tea, SD.; Located two blocks from Tea Area High School.; Currently zoned A-1 Agriculture, with wetland mitigation possible (estimated $70,000/acre).
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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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