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Property profile & analytics
OFF-MARKET
Estimated value
$1,105,000
Commercial real estate
400 Bower St, Vermillion, SD 57069-1252
Entity Owned
1-yr Hold
Free & Clear
Property ID
US79-0159253
Property summary
AI-generated overview
Vermillion Mall, located at 400 Bower St, Vermillion, SD 57069, offers exceptional retail, office, and restaurant opportunities. This Class B property boasts a total of 30,000 square feet, with multiple tenancy options available. Six spaces are currently available, ranging in size from 1,400 to 8,000 square feet, catering to diverse business needs. The property's versatile design accommodates traditional office, coworking, and creative office spaces, making it ideal for a variety of tenants. Its prime location along US Hwy 50 ensures high visibility and accessibility, situated near major retailers including Walmart, Scooters Coffee, Goodwill, Runnings, Hy-Vee, Tractor Supply, Casey's, and a soon-to-be-completed Les Schwab Tire. This thriving commercial area in Clay County, South Dakota presents a unique opportunity for businesses seeking a high-traffic location with excellent visibility and diverse space options. The property's adaptable layout allows for customization to meet specific business requirements. Contact us to explore the possibilities and secure your space in this dynamic Vermillion commercial hub.
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2008
Total area
29,800 SF
Lot
3.23 ac (140,699 SF)
APN
15415-00200-080-00
UPID
US79-0159253
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$820k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.51M
Blend (final)
Blend
$1.11M
Owner & transaction history
Bower Mall LLC · 1 yrs held
Bower Mall LLC
since 2025
Last sale
$1.1M
1 recorded transaction
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 Vermillion submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Vermillion 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
Method
Estimation
Statistic approach
by Request
ML approach
$820,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.11M
Range $995k – $1.22M · ±10% · vs last sale $1.05M (Jan 10 2024)
Last sale anchor
$1.05M
Jan 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$37 / SF
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
$34,119
Tax year 2023
Assessed value
$1,030,181
Assessed 2024
Previous assessed
$1,327,546
-22.4% YoY
Effective rate
3.31%
On assessed value
Assessed land
$308,133
Assessed improvement
$722,048
Applied tax rate
15.0000
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
2008
Total area
29,800 SF
Lot
3.23 ac (140,699 SF)
APN
15415-00200-080-00
UPID
US79-0159253
Jurisdiction
CLAY
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
2008
Lot
3.23 ac
Current owner
From public records · entity-resolved
Bower Mall LLC
Entity
Free & Clear · 1 yrs held
Mailing address
PO BOX 308, WILLIAMSPORT, TN 38487-0308
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2025
—
Bower Mall LLC
Duke Apartments LLC
Quitclaim Deed
related
—
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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