Dakota Realty

What Dakota Realty does

Dakota Realty & Property Management is a privately held real estate brokerage and property management firm headquartered at 125 E. Cherry St. in Vermillion, South Dakota. It operates across southeast South Dakota, serving communities including Vermillion, Elk Point, Burbank, Sioux Falls, Gayville, Jefferson, Yankton, Alcester, Centerville, Platte, North Sioux City, and Dakota Dunes. The firm runs two revenue streams — traditional real estate brokerage (residential, commercial, multi-family, farm, and lot sales) earning transaction-based commissions, and a property management division earning recurring fees from tenant placement, rent collection, and maintenance coordination. It is privately held with 11-50 employees, founded by Craig McIvor, and structured as a sales-led, agent-driven business in which licensed broker associates (e.g., Kris O'Connor, Barb Iacino) meet clients in person for showings and negotiations.

Its product surface consists of a listings website (dakotarealty.com) with MLS integration across five categories — Residential, Commercial, Building Site, Farm, and Multi-Family — complemented by a third-party tenant portal (ManageBuilding) for rental operations and a personal property/real estate auction service. The firm is a member of the Northwest Iowa Regional Board of REALTORS, providing MLS exposure to other regional brokerages. There is no proprietary technology stack, no public or partner-facing API, no AI/ML capability, and no certifications or compliance artifacts disclosed.

The go-to-market motion is sales-led and referral-driven, with no inbound digital marketing automation evident. Marketing channels are conventional — company website, MLS syndication, social sharing buttons, and direct agent contact — and customer segments are horizontal across use cases (residential buyers/sellers, commercial buyers/sellers, rental property owners, agricultural buyers, and lot/building-site buyers). The legal name is 'Dakota Realty & Property Management' and the firm does business under that name with no subsidiaries, parent, or known investors disclosed.

Name

Dakota Realty

Legal name

Dakota Realty & Property Management

Website

https://dakotarealty.com

Company type

Private

Operating status

Operating

Headcount range

11–50 employees

Short description

Dakota Realty & Property Management is a privately held Vermillion, South Dakota-based real estate brokerage and property management firm serving southeast South Dakota communities with licensed-agent residential and commercial sales, rental property management, and auction services.

Ownership category

akta.pro rank

Product category

Real Estate Brokerage and Property Management

NAICS

Offices of Real Estate Agents and Brokers (5312), Real Estate Property Managers (53131)

SIC

Real Estate Agents & Managers (For Others) (6531)

akta.pro primary industry

Traditional Residential Brokerage (Existing Homes) (BPAJAAAA)

akta.pro secondary industries

Real Estate Auction Services (FSAEAJAL), Rural Residential & Acreage Homesites Brokerage (BPAJADAE)

Keywords

• Residential real estate brokerage
• Commercial property sales
• Rental property management
• MLS listing services
• Real estate auctions

Headquarters

HQ city

Vermillion

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Technology or R&D

Revenue model

1. Real Estate Sales Commissions: Traditional real estate commission-based model where the company represents buyers and sellers in property transactions. Listings are sourced through MLS and the company's own website. Commissions are split between listing and buyer's agents, with the firm taking a portion.
2. Property Management Services: Property management fees for managing rental properties on behalf of owners. Services include tenant placement, rent collection, and property maintenance coordination for residential and commercial properties in the Vermillion area.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Dakota Realty is a full-service real estate brokerage and property management firm operating in Vermillion, South Dakota, and surrounding southeast South Dakota communities. The company represents buyers and sellers in residential, commercial, building site, farm, and multi-family property transactions, while also providing ongoing property management services including tenant placement, rent collection, and maintenance coordination for rental property owners.

Product overview

Dakota Realty operates as a unified real estate brokerage and property management company offering a portfolio of interconnected services. The core platform is a real estate listings website (Real Estate Listings Platform) that displays properties across five categories: Residential, Commercial, Building Site, Farm, and Multi-Family. This platform is complemented by Property Management Services that handle tenant placement and ongoing management for rental properties. A Tenant Portal provides renters with online access to their accounts. The company also offers Auctions for personal property and real estate, and Agent Services for buying, selling, and leasing properties through its team of broker associates. The listings platform drives both sales transactions and feeds into the property management pipeline, while agent services represent the human element delivering all service lines.

Differentiator

Problem solved

Functional benefit

Products and services

• Real Estate Listings Platform Web-based platform displaying property listings across multiple categories including residential, commercial, building sites, farms, and multi-family properties. Features search filters for location, property type, bedrooms, bathrooms, and price range. Serves buyers, sellers, and investors in the Vermillion and southeast South Dakota market.
• Property Management Services Full-service property management offering tenant placement, rent collection, property maintenance coordination, and rental listing services for apartments, duplexes, houses, student housing, and mother units. Serves rental property owners and investors in the Vermillion, SD area.
• Auctions Personal property and real estate auction services including information about upcoming auctions and the auction process. Serves sellers and buyers seeking auction-based transactions in southeast South Dakota.
• Agent Services Real estate agent representation services including residential and commercial property sales, purchases, and leases through a team of broker associates. Serves individual buyers and sellers as well as commercial investors in the Vermillion and southeast South Dakota market.

Named customers4 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Northwest Iowa Regional Board of REALTORScoreChannel Partner/ Reseller/ DistributorDakota Realty is a member of the Northwest Iowa Regional Board of REALTORS. This MLS membership enables the company to list properties on the regional multiple listing service, gaining exposure to other brokerage firms and their agents. Listings are syndicated to the company's website and appear alongside properties from other brokerages.

Scale indicators2 records

Recent moves6 records

Expansion highlights3 records

Broad incumbents

• RE/MAX: Global real estate franchise with established agent presence in South Dakota. Competes directly with Dakota Realty's residential and commercial brokerage services in Vermillion and Sioux Falls.
• Century 21: Global real estate franchise with agent offices across South Dakota. Competes with Dakota Realty on residential listings through branded local affiliates in the same southeast SD and Sioux Falls markets.
• eXp Realty: Cloud-based national brokerage model with low-overhead agent operations that compete with Dakota Realty on commission pricing and agent recruitment in SD markets.
• Realty ONE Group: National flat-fee-style brokerage franchise expanding across smaller metros. Competes with Dakota Realty's traditional commission model through a tech-forward agent value proposition.
• EXIT Realty: Franchise-based real estate brand offering residential and commercial brokerage. Operates in South Dakota and competes with Dakota Realty for agents and listing inventory.
• Keller Williams Realty: Large national real estate franchise with agent-driven offices in the Sioux Falls region. Competes with Dakota Realty on residential sales and team-based agent models.
• Coldwell Banker: National real estate brand with affiliated brokerages serving South Dakota markets. Overlaps with Dakota Realty on residential, commercial, and farm/land transactions.
• Berkshire Hathaway HomeServices: National real estate franchise operating in Sioux Falls and other SD metros. Competes with Dakota Realty on residential, luxury, and farm/land segments.

Direct peers

• Hegg, REALTORS: Regional South Dakota-based real estate firm headquartered in Sioux Falls. Competes with Dakota Realty in the Sioux Falls metro and surrounding communities on residential sales and property management.
• 605 Real Estate: Local South Dakota brokerage whose listings appear alongside Dakota Realty's on the Northwest Iowa Regional Board of REALTORS MLS. Direct competitor in residential and farm/land listings across southeast South Dakota.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/DakotaRealtyVermillion
• LinkedInlinkedin.com/company/dakota-real-estate

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Dakota Realty