Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1812 6th SE Ave Aberdeen, SD 57401-4858
    Back to Search
    Property profile & analytics

    1812 6th SE Ave, Aberdeen, SD 57401-4858

    View on Map
    • Investment properties
    • 6,864 SF
    Off-Market
    Property ID
    US79-0221272
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Legend's Liquor & Casino / (Bike/Boat/Book/etc) Store / Wine and Liquor Store
    • Zpm Real Estate / Real Estate Agency
    • NVC / Telecommunications Service

    Property Details for 1812 6th SE Ave

    Construction
    METAL FRAME
    Property type
    Investment properties
    Property subtype
    Retail residential properties
    APN
    16885
    APU
    16885

    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
    Aberdeen
    County
    Brown
    State
    South Dakota
    Longitude
    -98.4607
    Latitude
    45.4588
    CBSA code
    10100
    CBSA name
    ABERDEEN, 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
    2023
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $765,000
      11,484 SF

      1601 Milwaukee NE Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      1601 Milwaukee NE Ave, Aberdeen, SD 57401-4856
      View Details
    • Value Estimation
      $3,240,000
      48,673 SF

      1500 Us Hwy 281

      OFFICE/RESIDENTIAL (MIXED USE)
      1500 Us Hwy 281, Aberdeen, SD 57401-1811
      View Details
    • Value Estimation
      $2,495,000
      37,521 SF

      17 4th SW Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      17 4th SW Ave, Aberdeen, SD 57401-4178
      View Details
    • Value Estimation
      $2,180,000
      32,740 SF

      3010 Milwaukee NE Ave

      OFFICE/RESIDENTIAL (MIXED USE)
      3010 Milwaukee NE Ave, Aberdeen, SD 57401-5348
      View Details
    • Value Estimation by Request
      6,570 SF

      504 Washington St

      OFFICE/RESIDENTIAL (MIXED USE)
      504 Washington St, Aberdeen, SD 57401-4350
      View Details
    • Value Estimation by Request
      7,100 SF

      124 1st St

      OFFICE/RESIDENTIAL (MIXED USE)
      124 1st St, Aberdeen, SD 57401-4107
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      25.86 Acres Development Opportunity

      Two parcels totaling 25.86 acres with strong traffic.
      3817 3Rd Ave SE, Aberdeen, SD 57401
      View Details
    • $629,900
      6,500 SF

      Event Space with Ample Parking

      Well-maintained event space offered with plenty of parking and recent updates, including a brand new septic system.
      12805 S Shore Dr, Aberdeen, SD 57401
      View Details
    • Contact for pricing
      1,200 SF

      Heated Storage Suite with Private Bath

      Heated and lighted storage suite with a private bathroom and a 12-by-14 overhead door for straightforward access.
      4801 NE Maloney Ave, Aberdeen, SD 57401
      View Details
    • New
      $219,900
      2,300 SF

      Two-Building Specialty Property

      Two buildings with SW 6th Avenue frontage and rear parking, offered together for a business-ready setup.
      308 SW 6Th Ave, Aberdeen, SD 57401
      View Details
    • $295,000
      3,504 SF

      Mixed-Use Building With Apartment

      Versatile commercial building with an income-producing apartment above for combined business and rental use.
      1023 S Main St, Aberdeen, SD 57401
      View Details
    • Contact for pricing
      1,000 SF

      Heated Flex Storage Suite with Bathroom

      Flex-style unit with heat, lighting, and a private bathroom, plus an overhead door for practical storage access.
      4801 NE Maloney Ave, Aberdeen, SD 57401
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Industrial Space in Former Plant

      29,000 SF industrial space available for lease.
      2914 Industrial #2 Ave, Aberdeen, SD 57401
      View Details
    • Contact for pricing

      Upscale Multi-Use Storage Space

      2400 SF flex space with in-floor heat for rent.
      615 Enterprise St N, Aberdeen, SD 57401
      View Details
    • Contact for pricing

      Main Street Retail Space Available

      Retail space in a central business district location.
      309 S Main St, Aberdeen, SD 57401
      View Details
    • Contact for pricing

      Office Space on 6th Avenue

      Nicely built-out office space with ample parking.
      110 6Th Ave SE, Aberdeen, SD 57401
      View Details
    • Contact for pricing

      Downtown Retail Space Available

      Retail space in a busy downtown core location.
      319 S Main St, Aberdeen, SD 57401
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      6.8k
    • Avg Time on site
      26 min
    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.
    1812 6th SE Ave
    Aberdeen, SD 57401-4858
    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
    1812 6th SE Ave, Aberdeen, SD, 57401
    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!