Add Listing
    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

    TBD Wind Dance Ranch Road Custer, SD 57730

    View on Map
    Claim this Listing
    For Sale
    $600,000

    Acreage - Custer, SD

    Lot size:
    39.69 Acres
    Added:
    Apr 14, 2025
    Days on Market:
    361
    Last Refresh:
    Apr 9 at 5:06 pm

    Property Features for TBD Wind Dance Ranch Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    39.69 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    John Wiles

    Listing agent John Wiles

    Listing office Battle Creek Agency 24547 SD Highway 79, Hermosa, SD

    Listing date Apr 14, 2025

    MLS# 83940 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.

    Overview

    Custer Acreage Bordering National Forest

    This is a rare offering of almost 40 acres near Custer, South Dakota, situated in the heart of the Black Hills. The property borders US National Forest and is located just 4 miles from downtown Custer. The land features rolling terrain, trees, rock outcroppings, and wildlife, offering a high degree of privacy.
    Location Intelligence

    Current Use by Public Records

    Recreation land

    Map

    City
    Custer
    County
    Custer
    State
    South Dakota
    Longitude
    -103.767
    Latitude
    43.6653

    Nearby Similar for Sale

    • $399,000

      Custer Land For Sale

      Commercial land with high traffic and great visibility.
      TBD Corral Drive, Custer, SD 57730
      View Details
    • $555,000

      Historic Commercial Building in Custer

      Unique commercial space with high exposure in the Black Hills.
      436 Mt. Rushmore Road, Custer, SD 57730
      View Details
    • $650,000

      Black Hills Ranch Land Opportunity

      40 acres near Custer, SD, ideal for ranching or recreation.
      TBD W Argyle Road, Custer, SD 57730
      View Details
    • $650,000

      Black Hills Ranch with Pristine Views

      40-acre ranch near Custer, SD, with water access.
      TBD W Argyle Road, Custer, SD 57730
      View Details
    • $375,000

      20-Acre Ranch with Black Hills Views

      20 acres with utilities, fencing, and Black Hills views.
      TBD W Argyle Road, Custer, SD 57730
      View Details
    • $599,000

      Black Hills Recreational Land Parcel

      14.89 acres bordering USFS with creek, well, and septic.
      24901 Big Valley Trail, Custer, SD 57730
      View Details
    • $110,000

      Custer, SD Acreage Lot

      Two-acre lot near Custer with mature trees and utilities.
      LOT 20 Caledonia Trail, Custer, SD 57730
      View Details
    • $119,500

      Buildable Lot with Black Hills Views

      0.45-acre lot in Stone Hill with unobstructed views.
      25 Sidney Park Rd, Custer, SD 57730
      View Details
    • $69,500

      Residential Land with Mountain Views

      Residential lots with views near schools and downtown Custer.
      Lot 8, Block 1 Stone Hill, Custer, SD 57730
      View Details
    • $2,300,000
      8,700 SF

      Prime Custer Mixed-Use Investment

      Renovated mixed-use property with retail and short-term rental income.
      632 Mt. Rushmore Road, Custer, SD 57730
      View Details
    • $69,500

      Residential Land with Mountain Views

      Residential lots with views near schools, trails, and downtown.
      Lot 7, Block 1 Stone Hill, Custer, SD 57730
      View Details
    • $185,000

      Custer Acreage with Pond

      3.06-acre partially wooded lot with spring-fed pond near Custer.
      TBD LOT 1 Caledonia Trail, Custer, SD 57730
      View Details

    FAQs

    What type of property is this?
    Land - Almost 40 acres near Custer bordering US National Forest.
    Where is this land located?
    The property is located at TBD Wind Dance Ranch Road Custer, SD.
    What is the asking price?
    The asking price for this property is $600,000.
    What are key features of this property?
    This property features: Borders US National Forest; Almost 40 acres of rolling terrain; Located just 4 miles from downtown Custer
    (605) 431-9332
    We can help!
    Listing Contact
    John Wiles
    Learn More
    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.
    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.
    Sign Up Successful!
    You now have access to more from Realmo!