Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    21981 Rochford Rd Lead, SD 57754

    • Commercial real estate
    • 2,152 SF
    • 18.34 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 21981 Rochford Rd

    Year built
    1986
    Lot size
    18.34 lot acres
    Property size
    2,152 SF
    Property type
    Commercial real estate

    Description

    Nestled in the Northern Black Hills of Lead, South Dakota, this exceptional 18.34-acre property presents a unique blend of recreational enjoyment and lucrative income potential. The centerpiece is Carsten Cottages, featuring four charming dry cottages, each offering a cozy and comfortable retreat. A dedicated shower house caters to the needs of guests. Four additional RV sites provide ample space for recreational vehicles. A versatile pavilion, complete with a commercial kitchen, is ideal for hosting a variety of events, from intimate gatherings to large-scale weddings, reunions, or corporate retreats. Guests can relax in several outdoor sitting areas or enjoy a covered picnic spot by the picturesque North Fork Rapid Creek, which meanders through the property. The property boasts direct access to the Mickelson Trail and backs up to USFS land, offering endless opportunities for outdoor enthusiasts. A beautifully renovated home, featuring a hot tub and an Endless Swimming Pool, provides comfortable living quarters or a lucrative rental opportunity. A private outdoor relaxation area offers a tranquil escape separate from the camping zones. Two large shop buildings—one with heating and a concrete slab, the other with a gravel floor—along with a spacious barn and additional outbuildings, provide ample storage and potential for various uses, including animal housing. Two ponds, a large level meadow, multiple patios and decks, and an asphalt driveway enhance the property's appeal. A Generac backup generator ensures reliable power. This remarkable property offers a rare combination of personal enjoyment and income-generating possibilities, making it a truly exceptional investment in the heart of the Black Hills. The property includes 2,152 square feet of living space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lead
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.773
    Latitude
    44.2161

    Comparable in this City

    • Value Estimation
      $280,000
      15.20 Acres

      Lead, SD 57754

      COMMERCIAL (GENERAL) • 15.20 Acres
      Lead, SD 57754
      View Details
    • Value Estimation
      $275,000
      0.06 Acres

      Lead, SD 57754

      COMMERCIAL (GENERAL) • 0.06 Acres
      Lead, SD 57754
      View Details
    • Value Estimation
      $280,000
      0.86 Acres

      Lead, SD 57754

      COMMERCIAL (GENERAL) • 0.86 Acres
      Lead, SD 57754
      View Details
    • Value Estimation
      $265,000
      0.04 Acres

      Lead, SD 57754

      COMMERCIAL (GENERAL) • 0.04 Acres
      Lead, SD 57754
      View Details
    • Value Estimation
      $265,000
      0.01 Acres

      Lead, SD 57754

      COMMERCIAL (GENERAL) • 0.01 Acres
      Lead, SD 57754
      View Details
    • Value Estimation
      $270,000
      3.22 Acres

      Lead, SD 57754

      COMMERCIAL (GENERAL) • 3.22 Acres
      Lead, SD 57754
      View Details

    Similar Nearby for Sale

    • $1,500,000
      45.69 Acres

      Prime Commercial Land Near Terry Peak

      45-acre commercial lot with stunning views.
      0 Richmond Hl Rd, Spearfish, SD 57754
      View Details
    • $499,000
      0.04 Acres

      Downtown Lead Laundromat & Space

      Established Laundromat with Rental Potential
      508 Main St, Lead, SD 57754
      View Details
    • $169,900
      0.73 Acres

      Residential Lot with Mountain Views

      0.73 acre lot near Terry Peak Ski Area.
      5 Trailside Loop, Lead, SD 57754
      View Details
    • $349,000
      1.01 Acres

      Residential Lot with Black Hills Views

      One-acre residential lot near Lead and Deadwood with scenic views.
      19 Overlook Ct, Lead, SD 57754
      View Details
    • $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
    • $149,000
      0.66 Acres

      Residential Land in Powder House

      Residential lot in Trailside Addition near Black Hills National Forest.
      11 Trailside Rd, Lead, SD 57754
      View Details
    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.
    21981 Rochford Rd
    Lead, SD 57754
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.