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Property profile & analytics
OFF-MARKET
Commercial real estate
109 Main St, Elk Point, SD 57025-2470
Entity Owned
Free & Clear
Property ID
US79-0169819
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1900
Construction
WOOD
Total area
3,500 SF
Lot
0.08 ac (3,650 SF)
APN
03.01.05.1040
UPID
US79-0169819
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Herrity And Associates, Inc. Real Estate Real Estate Agency
-
The Dentist of Siouxland at Elk Point Dental Office
-
Dr. Devan Penfield Dental Office
-
Hyperion Engineer
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Elk Point Economic Development Co
Elk Point Economic Development Co
since 2025
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Elk Point submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elk Point submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,746
Tax year 2023
Assessed value
$87,587
Assessed 2024
Previous assessed
$85,756
+2.1% YoY
Effective rate
1.99%
On assessed value
Assessed land
$10,988
Assessed improvement
$76,599
Applied tax rate
3,617.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1900
Construction
WOOD
Heating
CENTRAL
Cooling
YES
Stories
2
Total area
3,500 SF
Lot
0.08 ac (3,650 SF)
APN
03.01.05.1040
UPID
US79-0169819
Jurisdiction
UNION
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1900
Construction
WOOD
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
0.08 ac
Current owner
From public records · entity-resolved
Elk Point Economic Development Co
Entity
Free & Clear · 0 yrs held
Mailing address
109 W MAIN ST, ELK POINT, SD 57025-2470
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 10, 2025
—
Elk Point Economic Development Co
Elk Point Housing And Redevelopment
Quitclaim Deed
related
—
Jan 8, 2019
$40,000
Jc Properties LLC
Kevin G Wurtz
Warranty Deed
—
Mar 17, 2014
$110,000
Herrity And Associates INC
Liberty Consulting LLC
Warranty Deed
$85,000 · First Dakota National Bank
Dec 31, 2012
$72,500
Liberty Consulting LLC
Universal Service Corp
Warranty Deed
$72,000 · State Bank Of Alcester
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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