Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Agricultural Land Parcel Title is generated by Realmo AI

    Lot 12C WOODLAND DR, Spearfish, SD 57783

    View on Map
    Claim this Listing
    For Sale
    $364,900

    Agricultural land in Lawrence County, offering rural space for farming uses or long-term investment planning.

    Type:Land
    Added:
    Apr 24, 2026
    Days on Market:
    41
    Last Refresh:
    Jun 3 at 2:54 am

    Property Features for Lot 12C WOODLAND DR

    General Information

    Standard status
    Active
    Property subtype
    Land

    We can help!

    Listing Contact
    JEFFERY CHRISTIANS
    JEFFERY CHRISTIANS

    Listing agent JEFFERY CHRISTIANS License #15604

    Listing office

    Listing date Apr 24, 2026

    Source Evrealestate

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of JEFFERY CHRISTIANS

    HighLights

    • Agricultural land located in Lawrence County
    • Rural space suited for farming uses or long‑term investment planning

    Overview

    This offering is for an agricultural land parcel designated as Lot 12C on Woodland Dr. As vacant land, it provides open space suited to buyers looking for flexible rural acreage without built improvements identified in the provided information.

    The property is located in Lawrence County near Spearfish, South Dakota, at Lot 12C Woodland Dr (as listed). This rural setting can appeal to agricultural operators and investors who prefer land holdings outside dense commercial development, with access defined by the Woodland Dr address.

    For tenant or buyer consideration, this parcel may fit a range of agricultural-oriented objectives, including farming-related use and ownership of land for longer-term value strategies. If you’re evaluating rural acreage options in Lawrence County, the property’s straightforward land-only profile can simplify planning and budgeting compared with improved real estate.
    Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Auto Repair Shop Hair Salon Gym & Fitness Center Nail Salon Hotel & Motel

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.819745
    Latitude
    44.493036

    Nearby Similar for Sale

    • $800,000
      11,700 SF

      Spearfish Commercial Building on I-90

      Highly visible commercial property with flexible space and highway access.
      720 N 11th Street, Spearfish, SD 57783
      View Details
    • $450,000

      Profitable Lawn Care Business Opportunity

      Established lawn care business with recurring revenue and long-term clients.
      3114 W Fairgrounds Loop, Spearfish, SD 57783
      View Details
    • $900,000
      8,000 SF

      Spearfish Land with Freespan Building

      Newly constructed 8,000 sqft building on 1.38 acres.
      323 Seaton Circle, Spearfish, SD 57785
      View Details
    • $1,700,000
      5,787 SF

      Turnkey Motel/Airbnb Investment Opportunity

      20-unit motel/Airbnb with development potential in Spearfish, SD.
      450 W Kansas Street, Spearfish, SD 57783
      View Details
    • $998,500
      2,400 SF

      Renovated Commercial Building in Spearfish

      High-visibility commercial building with tenants in place.
      747 Ames Avenue, Spearfish, SD 57783-9999
      View Details
    • $659,000
      4,305 SF

      Spearfish 5-Plex Investment Opportunity

      Five-unit apartment building in downtown Spearfish with high occupancy.
      314 5th Street, Spearfish, SD 57783
      View Details
    • $1,049,000
      3,000 SF

      New Commercial Garage in Spearfish

      3,000 sq ft commercial garage in Spearfish industrial corridor.
      3165 Venture Court, Spearfish, SD 57783
      View Details
    • $525,000
      2,100 SF

      New Multi-Use Industrial Building

      State-of-the-art industrial building with flexible space options for sale.
      3170 Venture Court, Spearfish, SD 57783
      View Details
    • $575,000
      3,782 SF

      Spearfish Duplex Opportunity with Garages

      Duplex opportunity near Spearfish with garages and spacious pole barn.
      262 Upper Valley Road, Spearfish, SD 57783
      View Details
    • $850,000

      Spearfish Development Property For Sale

      9.87 acre development property with endless opportunities in Spearfish, SD.
      Lot 2R-1 Windmill Drive, Spearfish, SD 57783
      View Details
    • $531,000

      Commercial Land in Spearfish, SD

      Commercial lots with I-90 visibility and accessibility in Spearfish.
      Lot 10 & 11 Colorado Boulevard, Spearfish, SD 57783
      View Details
    • $368,000

      Commercial Land in Spearfish, SD

      Commercial lots with I-90 visibility and accessibility in Spearfish.
      Lot 8 Colorado Boulevard, Spearfish, SD 57783
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - Agricultural land in Lawrence County, offering rural space for farming uses or long-term investment planning.
    Where is this agricultural land / farmland located?
    The property is located at Lot 12C WOODLAND DR Spearfish, SD.
    What is the asking price?
    The asking price for this property is $364,900.
    What are key features of this property?
    This property features: Agricultural land located in Lawrence County; Rural space suited for farming uses or long‑term investment planning
    (605) 340-0768
    We can help!
    Listing Contact
    JEFFERY CHRISTIANS
    JEFFERY CHRISTIANS
    Real Estate License ID: 15604
    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

    Thank You for Inquiry
    Lot 12C WOODLAND DR, Spearfish, SD 57783
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!