Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1301 Firesteel Dr Mitchell, SD 57301-2193

    • Commercial real estate
    • 3,300 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0667979
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Commercial real estate

    Property Details for 1301 Firesteel Dr

    Year built
    1975
    Lot size
    0.47 lot acres
    Property size
    3,300 SF
    Property type
    Commercial real estate
    APN
    15190-00300-001-00
    APU
    151900030000100

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mitchell
    County
    Davison
    State
    South Dakota
    Longitude
    -98.0071
    Latitude
    43.7191
    CBSA code
    33580
    CBSA name
    MITCHELL, SD MICROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $0.00
    $36,094
    $237,855
    $273,949
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      910 Kay Ave

      COMMERCIAL (GENERAL)
      910 Kay Ave, Mitchell, SD 57301-4512
      View Details
    • Value Estimation by Request
      0.33 Acres

      515 Lytle St

      COMMERCIAL (GENERAL) • 0.33 Acres
      515 Lytle St, Mitchell, SD 57301-1657
      View Details
    • Value Estimation by Request

      700 Main St

      COMMERCIAL (GENERAL)
      700 Main St, Mitchell, SD 57301
      View Details
    • Value Estimation by Request
      0.23 Acres

      309 Main St

      COMMERCIAL (GENERAL) • 0.23 Acres
      309 Main St, Mitchell, SD 57301-2611
      View Details
    • Value Estimation by Request
      0.25 Acres

      227 Railroad Ave

      COMMERCIAL (GENERAL) • 0.25 Acres
      227 Railroad Ave, Mitchell, SD 57301-2551
      View Details
    • Value Estimation by Request
      0.16 Acres

      717 Sanborn Blvd

      COMMERCIAL (GENERAL) • 0.16 Acres
      717 Sanborn Blvd, Mitchell, SD 57301-1836
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      8,988 SF

      Downtown Mitchell Commercial Space Available

      Remodeled commercial building with open space and commercial kitchen.
      615 N Main St, Mitchell, SD 57301
      View Details
    • Contact for pricing
      1,990 SF

      Storefront Near Corn Palace

      Affordable storefront location near the World's Only Corn Palace.
      505 N Main St, Mitchell, SD 57301
      View Details
    • Contact for pricing
      11,480 SF

      New Retail NNN Ground Lease

      New construction retail property with long-term corporate ground lease.
      2306 S Mentzer St, Mitchell, SD 57301
      View Details
    • Contact for pricing

      Commercial Land Near Highway

      3.65 acres of commercial land with highway access.
      915 E Havens Ave, Mitchell, SD 57301
      View Details
    • $26,400,000
      92,700 SF

      Mitchell Retail Shopping Center For Sale

      92,700 SF shopping center in Mitchell, South Dakota.
      601 Cabela Dr, Mitchell, SD 57301
      View Details
    • Contact for pricing
      75,800 SF

      Professional Office Building on Sanborn

      75,800 SF office building on 7.79 acres for sale.
      1515 N Sanborn Blvd, Mitchell, SD 57301
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      7,168 SF

      Versatile Commercial Space on Ohlman

      7168 SF commercial building with showroom, offices, and warehouse.
      401 S Ohlman St, Mitchell, SD 57301
      View Details
    • Contact for pricing
      4,419 SF

      Retail Space Near Interstate 90

      Open retail space in high-traffic area near Interstate 90.
      2207 S Mentzer St, Mitchell, SD 57301
      View Details
    • Contact for pricing
      1,815 SF

      High-Traffic Retail/Office Space Available

      Retail/office space with high visibility and ample parking.
      1901 N Main St, Mitchell, SD 57301
      View Details
    • Contact for pricing
      5,694 SF

      Retail/Medical Space Near Menards

      Retail or medical space in a high-traffic Mitchell location.
      819 E Spruce St, Mitchell, SD 57301
      View Details
    • Contact for pricing
      2,000 SF

      High-Traffic Retail/Office Space Available

      2,000 sq ft retail/office space for rent.
      1401 N Main St, Mitchell, SD 57301
      View Details
    • Contact for pricing
      2,805 SF

      Retail Space Near Corn Palace

      Retail space available near Mitchell's Corn Palace.
      517-519 N Main St, Mitchell, SD 57301
      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.
    1301 Firesteel Dr
    Mitchell, SD 57301-2193
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!