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    6200 Southeastern Ave Harrisburg, SD 57032

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    For Sale
    Contact for pricing

    C-2 zoned lots, various sizes available

    Property Features for 6200 Southeastern Ave

    General Information

    Property type
    Land
    Lot Size
    14,810 SF

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    Listing Contact
    Alex Soundy
    Alex Soundy

    Listing Agency: Bender Commercial Listing Agent: Alex Soundy

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

    Learn more

    Overview

    This exceptional commercial land offering in Sioux Falls, South Dakota presents a unique investment opportunity. Located at 6200 South Southeastern Avenue, this development, known as Maple Rock Development, boasts C-2 commercial zoning and offers a variety of lot sizes ranging from 0.34 to 3.58 acres, totaling 10.33 acres. Situated on the southeast corner of 69th Street and Southeastern Avenue, the property provides convenient access to the proposed SD 100 (South Veterans Parkway), ensuring excellent visibility and connectivity. The land is ideal for small owner-occupied office or retail users, offering the flexibility to choose your own builder or explore build-to-suit options. The land value ranges from $10 to $13 per square foot. Access to the development is easily achieved via 69th Street and Southeastern Avenue. While covenants and restrictions are in place, this prime location in Lincoln County, South Dakota (zip code 57032) presents a compelling opportunity for businesses seeking a strategic foothold in a thriving market. The property is located in the city of Sioux Falls, offering a strong local economy and a growing population. Further details regarding the covenants and restrictions are available upon request.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Harrisburg
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.687149
    Latitude
    43.488945

    Nearby Similar for Sale

    • $2,635,000
      9.30 Acres

      Harrisburg Commercial Land Opportunity

      Prime Harrisburg location, 9.3 acres, commercial zoning.
      27269 Sd 115 Hwy, Harrisburg, SD 57032
      View Details

    FAQs

    What type of property is this?
    Land - C-2 zoned lots, various sizes available
    Where is this land located?
    The property is located at 6200 Southeastern Ave Harrisburg, SD.
    What are key features of this property?
    This property features: 10.33 acres of C-2 zoned commercial land in Sioux Falls, SD, at 6200 South Southeastern Avenue.; Lots range from 0.34 to 3.58 acres, ideal for owner-occupied office or retail.; Excellent visibility and access via 69th Street and Southeastern Avenue, near proposed SD 100.
    (605) 681-8351 Call to check price and availability
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    6200 Southeastern Ave Harrisburg, SD 57032
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    Harrisburg, SD 57032
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    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
    6200 Southeastern Ave Harrisburg, SD 57032
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Alex Soundy
    Alex Soundy
    Real Estate License ID: 18022
    (605) 681-8351 (605) 376-3700 (605) 336-7600
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