Sign Up Successful!
You now have access to more from Realmo!
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

    1313 Ohlman St Mitchell, SD 57301-4143

    • Commercial real estate
    • 16,404 SF
    • 1.69 lot acres
    OFF-MARKET
    Value Estimations
    $730,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0115466
    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

    • Rodeway Inn / Hotel
    • Mitchell inn / Motel
    • Rodeway Inn and Suites / Inn
    • Cheap towing / Towing Service

    Property Details for 1313 Ohlman St

    Year built
    1979
    Lot size
    1.69 lot acres
    Property size
    16,404 SF
    Property type
    Commercial real estate
    APN
    15800-02900-103-60
    APU
    158000290010360

    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
    -98.0477
    Latitude
    43.6968
    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
    $14,535
    $128,702
    $772,610
    $901,312
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      22.42 Acres

      I-90 Ohlman St

      Land • 22.42 Acres
      I-90 Ohlman St, Mitchell, SD 57301
      View Details
    • Value Estimation by Request

      721 Langdon St

      COMMERCIAL (GENERAL)
      721 Langdon St, Mitchell, SD 57301-4040
      View Details
    • Value Estimation by Request

      2211 Minnesota St

      COMMERCIAL (GENERAL)
      2211 Minnesota St, Mitchell, SD 57301-5521
      View Details
    • Value Estimation by Request

      221 Norway Ave

      COMMERCIAL (GENERAL)
      221 Norway Ave, Mitchell, SD 57301-4769
      View Details
    • Value Estimation by Request

      1422 Ohlman St

      COMMERCIAL (GENERAL)
      1422 Ohlman St, Mitchell, SD 57301
      View Details
    • Value Estimation by Request
      0.27 Acres

      2410 Quiett Ln

      COMMERCIAL (GENERAL) • 0.27 Acres
      2410 Quiett Ln, Mitchell, SD 57301
      View Details

    Similar Nearby for Sale

    • $976,500
      22.42 Acres

      NW Tampa Office Space - 22,823 SF

      Single-tenant office, flexible terms, prime location.
      I-90 Ohlman St, Mitchell, SD 57301
      View Details
    • $460,000
      944 SF

      Mitchell Mixed-Use Investment Opportunity

      Profitable Mixed-Use Property in Mitchell, SD
      404 1St Ave, Mitchell, SD 57301
      View Details
    • $399,000

      Commercial Land Near Highway

      3.65 acres of commercial land with highway access.
      915 E Havens Ave, Mitchell, SD 57301
      View Details
    • $1,750,000
      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
    • $375,000
      21,016 SF

      Large Retail Building Near Corn Palace

      21,000+ sq ft retail building near Corn Palace.
      412 N Main St, Mitchell, SD 57301
      View Details
    • $99,900
      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

    Similar Nearby for Lease

    • $8 SF/Yr
      20,825 SF

      Retail/Office Space Available for Rent

      Retail and office spaces available with flexible terms.
      117-123 E 3Rd Ave, Mitchell, SD 57301
      View Details
    • $2,200 /Mo
      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
    • $5,000 /Mo
      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
    • $15 SF/Yr
      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
    • $1,800 /Mo
      3,522 SF

      Main Street Retail Opportunity

      Turn-key retail space in prime Mitchell location.
      316 N Main St, Mitchell, SD 57301
      View Details
    • $14 SF/Yr

      Retail Space on S. Burr

      Retail space available for rent with easy interstate access.
      1425 South Burr 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.
    1313 Ohlman St
    Mitchell, SD 57301-4143
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.