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    27037 469Th Ave Tea, SD 57064
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    27037 469Th Ave Tea, SD 57064

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    • Commercial real estate
    Off-Market
    Property ID
    US79-0609056
    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

    • Commercial real estate

    Property Details for 27037 469Th Ave

    Property type
    Commercial real estate

    Description

    This exceptional 226,512 square foot land parcel, located at 27037 469th Ave, Tea, SD 57064, presents a unique investment opportunity. Currently zoned A-1 Agricultural, this property offers significant potential for rezoning to accommodate various commercial or residential developments. Situated just north of Tea, South Dakota, a rapidly growing suburb of Sioux Falls with a population of 6,539, this land benefits from high traffic volume on Tea-Ellis Road, a major north/south corridor. Future improvements and widening of Tea-Ellis Road are planned, with necessary land already conveyed to the county. The property boasts two existing outbuildings and enjoys a prime location across from a new residential development. Its proximity to the intersection of 271st and Heritage Parkway, and its adjacency to thriving businesses such as GrandStay Hotel & Suites, Zooks Coffee Bar, Climberz, Scooter's Coffee, Lauriebells, and Squealer's Smoke Shack, further enhances its appeal. The asking price is $1,359,072, representing a land value of $6 per square foot. This versatile property is ideal for multi-family housing or commercial ventures, offering significant upside potential in a dynamic and expanding market. The property's strategic location and development potential make it an attractive investment for discerning buyers.

    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
    Tea
    County
    Lincoln
    State
    South Dakota
    Longitude
    -96.8273399
    Latitude
    43.4702749

    Comparable in this City

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      Commercial Space with Apartment Units

      Commercial space with 30 apartment units above available for rent.
      120 N Heritage Pkwy, Tea, SD 57064
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      Development Land Near Tea City

      Development land with existing home and large shed.
      27076 469Th Ave, Tea, SD 57064
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      Land Ideal for Apartment Development

      Land suitable for apartment development, near Tea Area High School.
      27096 468Th Ave, Tea, SD 57064
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    • $814,500
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      Industrial Land in Tea, SD

      2.34-acre industrial land for sale in Tea, South Dakota.
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    • $70,000
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      Residential Land in Tea, SD

      Residential land available in Tea, South Dakota.
      1330 N Titan Ave, Tea, SD 57064
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    • $80,000
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      Residential Land in Tea, SD

      Twin home lot available in Tea, South Dakota.
      635 W Matthew Trl, Tea, SD 57064
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    Similar Nearby for Sale

    • Contact for pricing

      Commercial Space with Apartment Units

      Commercial space with 30 apartment units above available for rent.
      120 N Heritage Pkwy, Tea, SD 57064
      View Details
    • Contact for pricing

      Development Land Near Tea City

      Development land with existing home and large shed.
      27076 469Th Ave, Tea, SD 57064
      View Details
    • Contact for pricing

      Land Ideal for Apartment Development

      Land suitable for apartment development, near Tea Area High School.
      27096 468Th Ave, Tea, SD 57064
      View Details
    • $814,500
      2.34 Acres

      Industrial Land in Tea, SD

      2.34-acre industrial land for sale in Tea, South Dakota.
      5 David Pl, Tea, SD 57064
      View Details
    • $70,000
      0.21 Acres

      Residential Land in Tea, SD

      Residential land available in Tea, South Dakota.
      1330 N Titan Ave, Tea, SD 57064
      View Details
    • $80,000
      0.28 Acres

      Residential Land in Tea, SD

      Twin home lot available in Tea, South Dakota.
      635 W Matthew Trl, Tea, SD 57064
      View Details

    Similar Nearby for Lease

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      3,300 SF

      Industrial Flex Space For Rent

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      Efficient Shop Space For Lease

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      New Industrial/Flex Space For Lease

      New construction industrial/flex building with fenced outdoor storage. Occupancy 2026.
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      Industrial Suite Near I-29

      Clean, efficient flex space near I-29 Exit 73.
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      Commercial Property South of 271st

      Commercial property located near 271st Street in Tea, South Dakota.
      1500 N Main Ave, Tea, SD 57064
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    • $6,500 /Mo

      Industrial Warehouse with Office Space

      Industrial warehouse for lease featuring office space and outdoor storage.
      27116 Grummand Ave, Tea, SD 57064
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    27037 469Th Ave
    Tea, SD 57064
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    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.

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