Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    463Rd Ave Hartford, SD 57033
    Back to Search
    Property profile & analytics

    463Rd Ave, Hartford, SD 57033

    View on Map
    • Land
    • 1.40 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 463Rd Ave

    Lot size
    1.40 lot acres
    Property type
    Land
    Property subtype
    Industrial properties

    Description

    This exceptional development opportunity presents a range of industrial land parcels in the thriving Hartford, South Dakota market. Located at 463rd Ave and 12th St, this North Oaks Industrial Park development offers lots ranging from 1.4 to 20.5 acres, providing flexibility for various project scales. Utilities will be conveniently stubbed to the property line, streamlining the development process. Buyers can work with the developer to customize lot sizes to meet their specific requirements, ensuring a perfect fit for their needs. The development plan includes subregional ponds, enhancing the aesthetic appeal and potentially offering environmental benefits. North Oaks Avenue is projected for completion in Fall 2024, further improving accessibility. The property is subject to covenants and restrictions, details of which are available upon request. This prime location in Minnehaha County, South Dakota (zip code 57033), offers excellent access to transportation networks and a growing workforce. The coordinates are 43.635267 latitude and -96.949502 longitude. This is an ideal opportunity for businesses seeking to establish or expand their operations in a dynamic and strategically located industrial park. Contact us today to learn more about this exciting development and secure your ideal lot.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Hartford
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.9495
    Latitude
    43.6353

    Comparable in this City

    • Value Estimation by Request
      142.73 Acres

      Hartford

      Land
      0 Hartford, Hartford, SD 57033
      View Details
    • Value Estimation by Request
      5.00 Acres

      105 County Hwy

      Land
      105 County Hwy, Hartford, SD 57033
      View Details
    • Value Estimation by Request
      25.00 Acres

      38 Hartford Sd 57033

      Land
      38 Hartford Sd 57033, Hartford, SD 57033
      View Details
    • Value Estimation by Request
      1.86 Acres

      Western Ave

      Land
      0 Western Ave, Hartford, SD 57033
      View Details
    • Value Estimation by Request
      79.50 Acres

      Hartford, SD 57033

      HEAVY INDUSTRIAL
      Hartford, SD 57033
      View Details
    • Value Estimation by Request
      0.31 Acres

      26070 Ashley St

      Industrial properties
      26070 Ashley St, Hartford, SD 57033
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      142.73 Acres

      Hartford Development Land - 142 Acres

      Prime South Dakota development opportunity.
      0 Hartford, Hartford, SD 57033
      View Details
    • Contact for pricing

      Development Land Near Hartford

      Development land with city utilities available near Hartford, South Dakota.
      46277 County Hwy 155, Hartford, SD 57033
      View Details
    • Contact for pricing

      5.75 Acres of Bare Land

      Corner lot land available for sale.
      598 S Western Ave, Hartford, SD 57033
      View Details
    • $950,000
      4.19 Acres

      Hartford Vacant Land with Outbuildings

      Well-maintained acreage with quality buildings, mature trees, and comfortable home.
      46638 256Th St, Hartford, SD 57033
      View Details
    • $1,300,000

      Shop with Modern Office Space

      9,000 SF shop with 1,875 SF modern office space.
      26071 Brower Cir, Hartford, SD 57033
      View Details
    • Contact for pricing

      Hartford Industrial Land For Sale

      Industrial land available in Hartford with infrastructure support.
      1008 N Oaks Ave, Hartford, SD 57033
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      12,280 SF

      Industrial Space with Dock Door

      Industrial space featuring dock door, overhead door, and radiant heat.
      1065 Ruud Ln, Hartford, SD 57033
      View Details
    • $7 SF/Yr

      New Construction Warehouse Space Available

      New warehouse space with office, available January 2026.
      1095 Ruud Trl, Hartford, SD 57033
      View Details
    • Contact for pricing
      12,000 SF

      New Construction Warehouse Space Available

      New construction warehouse with office space, available January 2026.
      1095 Ruud Ln, Hartford, SD 57033
      View Details
    • Contact for pricing

      Industrial Warehouse with Fenced Parking

      4,480 SF industrial warehouse with office and fenced parking.
      26070 Brower Cir, Hartford, SD 57033
      View Details
    • $7 SF/Yr

      New Construction Warehouse Space Available

      New construction warehouse with office space, available January 2026.
      1095 Ruud Trl, Hartford, SD 57033
      View Details
    • Contact for pricing

      Hartford Professional Center Retail/Office Space

      Retail and office spaces available in Hartford Professional Center.
      304 Hwy 38 W, Hartford, SD 57033
      View Details
    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.
    463Rd Ave
    Hartford, SD 57033
    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
    463Rd Ave, Hartford, SD, 57033
    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!