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    4802 NE 8Th Ave Aberdeen, SD 57401
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    4802 NE 8Th Ave, Aberdeen, SD 57401

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    • Commercial land
    For Sale
    $369,500
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    Industrial Zoned Land with Utilities For Sale
    $369,500
    7.00 Acres

    Industrial Zoned Land with Utilities

    Industrial-zoned acreage with city water and sewer, plus gas and electricity, ready for Phase 1 development.

    4802 NE 8th Avenue, Aberdeen, SD 57401
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    Property ID
    US79-0021994
    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 land

    Property Details for 4802 NE 8Th Ave

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    Nice commercial lot, 7.39 acres, Aberdeen East Business Park. Phase one complete, city water & sewer on site as is electricity on site, along with NG.

    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
    -98.411785
    Latitude
    45.473583

    Comparable in this City

    • Contact for pricing

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      Aberdeen Land For Sale

      3-acre commercial land with highway access in Aberdeen, SD.
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      Commercial Land Near Highway 12

      Commercial land with highway access and favorable zoning.
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      Aberdeen Development Opportunity Near Menards

      25.86 acres of commercial land for development in Aberdeen, SD.
      3817/3911 SE 3Rd Ave, Aberdeen, SD 57401
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    • $65,000
      0.08 Acres

      Richmond Lake Bay Area Land

      0.76 acre commercial land in Richmond Lake Bay Area.
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      Highway Commercial Land For Sale

      Platted land with highway access and existing parking.
      2101 Us Highway 12 W, Aberdeen, SD 57401
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    Similar Nearby for Sale

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      25.86 Acres Development Opportunity

      Two parcels totaling 25.86 acres with strong traffic.
      3817 3Rd Ave SE, Aberdeen, SD 57401
      View Details
    • $339,000
      3.00 Acres

      Aberdeen Land For Sale

      3-acre commercial land with highway access in Aberdeen, SD.
      4856 SE 6Th Ave, Aberdeen, SD 57401
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    • Contact for pricing

      Commercial Land Near Highway 12

      Commercial land with highway access and favorable zoning.
      402 Montrose St S, Aberdeen, SD 57401
      View Details
    • $2,084,000

      Aberdeen Development Opportunity Near Menards

      25.86 acres of commercial land for development in Aberdeen, SD.
      3817/3911 SE 3Rd Ave, Aberdeen, SD 57401
      View Details
    • $65,000
      0.08 Acres

      Richmond Lake Bay Area Land

      0.76 acre commercial land in Richmond Lake Bay Area.
      379511 N Shore Dr, Aberdeen, SD 57401
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    • Contact for pricing

      Highway Commercial Land For Sale

      Platted land with highway access and existing parking.
      2101 Us Highway 12 W, Aberdeen, SD 57401
      View Details

    Similar Nearby for Lease

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      Industrial Space in Former Plant

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

      Downtown Retail Space Available

      Retail space in a busy downtown core location.
      319 S Main St, Aberdeen, SD 57401
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      Upscale Multi-Use Storage Space

      2400 SF flex space with in-floor heat for rent.
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      Main Street Retail Space Available

      Retail space in a central business district location.
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      Office Space on 6th Avenue

      Nicely built-out office space with ample parking.
      110 6Th Ave SE, Aberdeen, SD 57401
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    View Listing
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    4802 NE 8Th Ave
    Aberdeen, SD 57401
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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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    4802 NE 8Th Ave, Aberdeen, SD, 57401
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