Property profile

27096 468Th Ave Tea, SD 57064

OFF-MARKET
Land
5.56 ac lot
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Property summary

AI-generated overview

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 profile

Verified
Property type Land
Lot 5.56 ac (242,194 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

27096 468Th Ave Tea, SD 57064
Tea metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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