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    For Sale (25)

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    Newell, SD Cleared Residential Lot
    $64,900
    0.16 Acres

    Newell, SD Cleared Residential Lot

    Cleared, leveled lot ready to build in Newell, South Dakota.

    214 6Th St, Newell, SD 57760
    View details
    Premier Homesite in The Woodlands
    $349,000
    2.26 Acres

    Premier Homesite in The Woodlands

    Rare opportunity to build a legacy home in Spearfish, SD.

    1135 Woodland Dr, Spearfish, SD 57783
    View details
    Residential Land with Mountain Views
    $185,000
    6.60 Acres

    Residential Land with Mountain Views

    6.6 acre lot near Sturgis, suitable for residential development.

    4 Big Sky Ct, Sturgis, SD 57785
    View details
    Land Near Black Hills Forest
    $270,000
    9.86 Acres

    Land Near Black Hills Forest

    9.86+/- acre lot bordering Black Hills National Forest.

    25 Pasque Loop, Spearfish, SD 57783
    View details
    Newell SD Boarding Home Opportunity
    $99,500
    2,600 SF

    Newell SD Boarding Home Opportunity

    Seven-bedroom boarding home on three city lots near Main Street.

    113 3Rd St, Newell, SD 57760
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    Highway Frontage Residential Lots
    $70,000
    1.26 Acres

    Highway Frontage Residential Lots

    Residential lots with highway frontage, suitable for future development.

    Tbd Hwy 85, Buffalo, SD 57720
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    Spearfish, SD Acreage with Views
    $700,000
    11.22 Acres

    Spearfish, SD Acreage with Views

    Acreage just outside city limits with great views.

    Tbd Other, Spearfish, SD 57783
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    Turnkey Motel/Airbnb Investment Opportunity
    $1,700,000
    5,787 SF

    Turnkey Motel/Airbnb Investment Opportunity

    20-unit motel/Airbnb with development potential in Spearfish, SD.

    450 W Kansas St, Spearfish, SD 57783
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    Spearfish Land with Crow Peak View
    $475,000
    6.45 Acres

    Spearfish Land with Crow Peak View

    6.45-acre Spearfish lot with stunning Crow Peak views.

    Tbd Lookout Vis Rd, Spearfish, SD 57783
    View details
    Nisland Acreage with Pasture Land
    $130,000
    7.54 Acres

    Nisland Acreage with Pasture Land

    7.54-acre lot suitable for animals, residential, and agricultural use.

    Tbd 4 St, Nisland, SD 57762
    View details
    Newcastle, WY Office Building
    $650,000
    11,750 SF

    Newcastle, WY Office Building

    Office building with main street frontage in Newcastle, Wyoming.

    2013 W Main St, Newcastle, WY 82701
    View details
    Newcastle, WY Land with Building
    $499,000
    2.47 Acres

    Newcastle, WY Land with Building

    2.47-acre lot with duplex, shop, and additional building.

    540 W Main St, Newcastle, WY 82701
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    12.3 Acres Wooded Land
    $259,000
    12.30 Acres

    12.3 Acres Wooded Land

    12.3-acre wooded lot near Lead and Deadwood, South Dakota.

    20942 Aspen Creek Dr, Lead, SD 57754
    View details
    Renovated Commercial Building in Spearfish
    $998,500
    2,400 SF

    Renovated Commercial Building in Spearfish

    High-visibility commercial building with tenants in place.

    747 Ames Ave, Spearfish, SD 57783
    View details
    Residential Land in Newcastle, WY
    Contact for pricing
    0.17 Acres

    Residential Land in Newcastle, WY

    Residential lots available in newer Newcastle neighborhood.

    5 Sage Rd, Newcastle, WY 82701
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    Residential Land in Newcastle, WY
    Contact for pricing
    0.17 Acres

    Residential Land in Newcastle, WY

    Residential lots available in Newcastle, Wyoming.

    6 Sage Rd, Newcastle, WY 82701
    View details
    Newcastle Acreage for Residential Development
    $239,000
    17.99 Acres

    Newcastle Acreage for Residential Development

    17.99 acres near Newcastle, Wyoming, ideal for residential development.

    Bridle Bit Ct, Newcastle, WY 82701
    View details
    Residential Lot in Spearfish, SD
    $164,900
    1.43 Acres

    Residential Lot in Spearfish, SD

    1.43 acre residential lot with city amenities nearby.

    5 Bridgestone St, Spearfish, SD 57783
    View details
    Spearfish Duplex Opportunity with Garages
    $575,000
    3,782 SF

    Spearfish Duplex Opportunity with Garages

    Duplex opportunity near Spearfish with garages and spacious pole barn.

    262 Upper Valley Rd, Spearfish, SD 57783
    View details
    Residential Land with Breathtaking View
    $240,000
    13.85 Acres

    Residential Land with Breathtaking View

    13.85 acre lot with electricity and southern slope.

    56 Kimball Rd, Aladdin, WY 82710
    View details
    Residential Land in Serene Whitewood
    $107,500
    1.00 Acre

    Residential Land in Serene Whitewood

    One-acre residential lot with utilities and convenient location.

    Tbd Oak Dr, Whitewood, SD 57793
    View details
    Black Hills Timber Equipment Business
    $2,000,000
    4,452 SF

    Black Hills Timber Equipment Business

    Established, profitable timber equipment business.

    1204 Industry Pl, Whitewood, SD 57793
    View details
    Spearfish Commercial Space - I-90 Access
    Contact for pricing
    14,000 SF

    Spearfish Commercial Space - I-90 Access

    High-traffic location, 14,000 sq ft.

    310 26Th St, Spearfish, SD 57783
    View details
    Pierre Mobile Home Park Investment
    $1,250,000
    2.90 Acres

    Pierre Mobile Home Park Investment

    30+ Units, 2.9 Acres, Prime Location

    914 Euclid Ave, Pierre, SD 57501
    View details
    Versatile Property with Main Street Frontage
    Contact for pricing
    11,750 SF

    Versatile Property with Main Street Frontage

    Expansive building with offices and potential bowling alley space.

    2013 W Main St, Newcastle, WY 82701
    View details

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    RE/MAX In The Hills
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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.

    More about this property
    RE/MAX In The Hills
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