Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • 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

    7 Mattson Ln Sturgis, SD 57785

    Sponsored
    For Sale
    $249,000

    Residential Single Family - Sturgis, SD

    Type:Single Family Residence
    Lot size:
    3.97 Acres
    Days on Market:
    61
    Last Refresh:
    Feb 3 at 7:06 am

    Property Features for 7 Mattson Ln

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    3.97 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Heath Gran

    Great Peaks Realty Munro & Gran LLC (605) 209-2052

    Listing agent Heath Gran (605) 717-7325

    Listing date Dec 5, 2025

    MLS# 85450 Listing URL

    Copyright © 2026 Mt. Rushmore Area Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Residential Land Near Deadwood

    This 3.97-acre build site is located minutes from downtown Deadwood, South Dakota, and a short drive from Sturgis. The property offers an opportunity to create a dream home or vacation getaway, blending seclusion and convenience. Deadwood is known for its rich history and lively entertainment, while Sturgis is renowned for its annual motorcycle rally and vibrant community events. The location offers panoramic views and is suitable for a dream home, vacation spot, or rental investment property. BLM land is nearby, providing direct access to a vast area of natural beauty ideal for hiking and wildlife.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Sturgis
    County
    Meade
    State
    South Dakota
    Longitude
    -103.69813928223
    Latitude
    44.381404404499

    Nearby Similar for Sale

    • $1,500,000
      5,103 SF

      Remodeled Retail Building in Sturgis

      Established business and commercial building in Sturgis, South Dakota.
      815 Junction Ave, Sturgis, SD 57785
      View Details
    • $975,000
      2,400 SF

      Established Laundry Business on Large Lot

      Well-established laundry business with potential for additional income streams.
      2014 Main St, Sturgis, SD 57785
      View Details
    • $999,000

      Horse Property with Indoor Arena

      Horse property featuring a 19,000+ sq ft indoor arena.
      Tbd Legacy Pl, Sturgis, SD 57785
      View Details
    • $695,000
      4,349 SF

      Sturgis Assisted Living Facility

      Established assisted living facility with live/work opportunity in Sturgis, SD.
      1542 Davenport St, Sturgis, SD 57785
      View Details
    • $600,000

      Furnished Condo Overlooking Golf Course

      Luxury 2-bedroom, 2-bath condo with golf course views.
      12274 Stagecoach Trl, Sturgis, SD 57785
      View Details
    • $599,000

      Private Retreat in the Hills

      4-bedroom home on nearly 3 acres with modern comfort.
      9108 N Ridge Trl, Sturgis, SD 57785
      View Details
    • $49,900

      Manufactured Home Ready to Move

      Affordable, well-maintained manufactured home with decks, ready for relocation.
      13239 Pleasant Valley Rd, Sturgis, SD 57785
      View Details
    • $49,900

      Manufactured Home Ready to Move

      Well-maintained manufactured home with decks, ready for relocation.
      13239 Pleasant Valley Rd, Sturgis, SD 57785
      View Details
    • $1,089,000
      5.00 Acres

      I-90 Corner Lot Development Opportunity

      High-traffic location, ideal for commercial use.
      Tbd Pleasant Vly Rd, Sturgis, SD 57785
      View Details
    • $990,000
      4,975 SF

      High-Visibility Sturgis Commercial Space

      Prime I-90 location, 4.975 sqft building
      2460 Baldwin St, Sturgis, SD 57785
      View Details
    • $9,750,000
      398.52 Acres

      Sturgis Camp Resort: Prime Investment

      Thriving Campground, Event Venue, & More
      20168 137Th Pl, Sturgis, SD 57785
      View Details
    • $1,998,000
      1,476 SF

      High-Traffic Sturgis Commercial Property

      Prime Sturgis location, high rally income potential.
      1020 Junction Ave, Sturgis, SD 57785
      View Details

    FAQs

    What type of property is this?
    Land - 3.97-acre build site near Deadwood and Sturgis.
    Where is this land located?
    The property is located at 7 Mattson Ln Sturgis, SD.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: - 3.97-acre build site ideal for your dream home, vacation getaway, or rental investment.; - Minutes from downtown Deadwood, offering both seclusion and convenience.; - Direct access to hiking and outdoor activities thanks to its proximity to BLM land.
    (605) 209-2052
    Request Owner's contact information
    7 Mattson Ln Sturgis, SD 57785
    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.
    7 Mattson Ln
    Sturgis, SD 57785
    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
    7 Mattson Ln Sturgis, SD 57785
    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

    We can help!
    Listing Contact
    Heath Gran
    Real Estate License ID: SD 12630
    (605) 209-2052
    Learn more
    Google sign-in failed. Please try again or use another login method.