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

    467th Ave, SD

    • Auto shops
    • 10,500 SF
    • 2.52 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0079952
    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

    • Auto shops

    Property Details

    Year built
    2003
    Construction
    STEEL FRAME
    Lot size
    2.52 lot acres
    Property size
    10,500 SF
    Zone code
    I1
    Property type
    Auto shops
    APN
    73538
    APU
    73538

    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
    467th Ave
    County
    Minnehaha
    State
    South Dakota
    Longitude
    -96.8699
    Latitude
    43.7205
    CBSA code
    43620
    CBSA name
    SIOUX FALLS, SD METROPOLITAN 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
    2022
    $11,714
    $81,400
    $572,000
    $653,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $555,000
      8,640 SF

      480th Ave, SD

      AUTO REPAIR, GARAGE • 8,640 SF
      480th Ave, SD
      View Details
    • Value Estimation by Request
      8,000 SF

      Lando Ln, SD

      AUTO REPAIR, GARAGE • 8,000 SF
      Lando Ln, SD
      View Details
    • Value Estimation by Request
      4,875 SF

      S

      AUTO REPAIR, GARAGE • 4,875 SF
      S, Enterprise Ave, SD
      View Details
    • Value Estimation by Request
      17,384 SF

      Lindbergh Ave, SD

      AUTO REPAIR, GARAGE • 17,384 SF
      Lindbergh Ave, SD
      View Details
    • Value Estimation by Request
      2,880 SF

      48128 Highway

      AUTO REPAIR, GARAGE • 2,880 SF
      48128 Highway, 42, SD
      View Details
    • Value Estimation by Request
      3,680 SF

      475th Ave, SD

      AUTO REPAIR, GARAGE • 3,680 SF
      475th Ave, SD
      View Details

    Similar Nearby for Sale

    • $2,250,000
      4,320 SF

      Tea, SD Car Wash Facility

      Car wash facility in Tea, SD with multiple service options.
      810 Gtwy Ln, Tea, SD
      View Details
    • $950,000
      7,940 SF

      Gas Station and Car Wash

      Established Sinclair gas station with car wash and expansion potential.
      130 Sd-46, Wagner, SD
      View Details
    • $1,850,000
      10,886 SF

      Highway Retail Property Near Deadwood

      Renovated retail building on a large lot near Deadwood.
      250 Us Hwy, Deadwood, SD
      View Details
    • $459,000

      Established Restaurant Business Opportunity

      Restaurant and ice cream shop in prime location for sale.
      715 Us-281, Lake Andes, SD
      View Details
    • $215,000
      5,230 SF

      Versatile Commercial Space For Sale

      5,230 SF commercial space suitable for various business types.
      107 Sd-50, Wagner, SD
      View Details
    • $500,000

      Residential Lot in Sanctuary Development

      Cul-de-sac lot in premier Sioux Falls neighborhood.
      9005 E Moonlight Cir, Sioux Falls, SD
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      8,000 SF

      Prime Retail Space Available

      Retail space in 10-story building with river views.
      350 N Reid Pl, Sioux Falls, SD
      View Details
    • $25 SF/Yr
      1,108 SF

      Retail Space in Steel District

      Retail space available in a mixed-use development in Sioux Falls.
      151 E 4 Pl, Sioux Falls, SD
      View Details
    • $30 SF/Yr
      1,858 SF

      Retail Space Near Future Parkway

      Retail space in Tea, South Dakota, near future Veterans Parkway.
      108 Venture St, Tea, SD
      View Details
    • $18 SF/Yr
      811 SF

      Mixed-Use Building in Growing Area

      Mixed-use building with office, service space, and apartment units.
      7805 Dakota Hawk Pl, Sioux Falls, SD
      View Details
    • $27 SF/Yr
      5,856 SF

      Retail Space For Rent

      Retail space available for lease in Sioux Falls, SD.
      5340 W Vision Dr, Sioux Falls, SD
      View Details
    • $25 SF/Yr
      8,876 SF

      Prime Retail/Office Space Available

      First floor retail/office space with river and downtown views.
      345 N Reid Pl, Sioux Falls, SD
      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.
    467th Ave, SD
    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.