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

    20899 Pleasant Valley Drive Sturgis, SD 57785

    View on Map
    Claim this Listing
    New
    For Sale
    $3,200,000

    Campground - Sturgis, SD

    Lot size:
    4.50 Acres
    Added:
    Apr 24, 2026
    Days on Market:
    4
    Last Refresh:
    Apr 27 at 6:06 pm

    Property Features for 20899 Pleasant Valley Drive

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Rooms
    Basement
    Parking features
    Parking Lot
    Pool private
    1
    Interior features
    Fireplace, High Visibility, Kitchen Area, Laundry, Lounge/Bar, Living Quarters, Manager On-site, Restaurant, Restrooms, Recreational Facility, Storage, View, Window Coverings
    Exterior features
    Highway Access, Hi-traffic Location, Landscaped, Loading Dock, Pool, Equipment Building, Shed
    Fireplace
    1
    Basement Y/N
    1
    Standard status
    Active
    Lot size
    4.50 Acres

    Utilities

    Heating system
    Electric (Heating), Natural Gas, Propane (Heating)
    Cooling system
    Wall Unit(s)

    Building Details

    Architectural style
    Other
    Additional Structures
    Packing Shed, Shed(s)

    We can help!

    Listing Contact
    Britney Routh
    Britney Routh

    Listing agent Britney Routh

    Listing office RE/MAX In The Hills 1145 Main Street, Spearfish, SD

    Listing date Apr 24, 2026

    MLS# 88359 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

    Luxury Campground & RV Park

    Located in the heart of the Black Hills near Sturgis, the No Name Luxury Campground & RV Park offers a destination in one of South Dakota’s recreational markets. Situated minutes from downtown Sturgis with access to I-90 and nearby Deadwood, the property attracts tourism and event-driven traffic. The campground features a mix of full-service RV sites, tent camping, and furnished cabins. The RV sites include full hook-ups with 30/50 amp service, designed to accommodate large rigs and extended stays. There are approximately 70 tent sites, 24 cabins and 20 full RV hook-ups. Amenities include a heated pool, hot tub, bathhouse facilities, high-speed WiFi, on-site bar and grill, camp store, two coin-op laundromats and common areas. The property is 4.5 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    No Name City ... Construction Company mount rushmore Tour Operator

    Suggested Use

    Restaurant Big Box & Wholesale Store Hotel & Motel Bar & Pub Furniture & Home Goods Daycare Center Bed & Breakfast Restaurant

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

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    Meade
    State
    South Dakota
    Longitude
    -103.467989
    Latitude
    44.363988

    Nearby Similar for Sale

    • $995,000
      12,000 SF

      Spacious Facility Near Main Street

      Over 12,000 sq ft facility near Main Street.
      1105 5th Street, Sturgis, SD 57785
      View Details
    • $1,400,000
      11,250 SF

      Sturgis Retail Property on Main

      11,250 SF retail property in downtown Sturgis, South Dakota.
      1219 Main Street, Sturgis, SD 57785
      View Details
    • $700,000
      4,349 SF

      Sturgis Assisted Living Facility

      Established assisted living facility with live/work opportunity in Sturgis.
      1542 Davenport Street, Sturgis, SD 57785
      View Details
    • $1,400,000
      11,250 SF

      Sturgis Retail Property on Main

      11,250 SF retail property in downtown Sturgis.
      1219 Main Street, Sturgis, SD 57785
      View Details
    • $3,250,000
      45,000 SF

      Sturgis Manufacturing Building For Sale

      45,000 sq.ft. manufacturing building in Sturgis Industrial Park.
      1151 Industry Rd, Sturgis, SD 57785
      View Details
    • $855,000

      Sturgis Horse Property with Arena

      Horse property featuring a 19,000+ sq ft arena.
      TBD Legacy Place, Sturgis, SD 57785
      View Details
    • $1,400,000
      11,250 SF

      Sturgis Retail Property on Main

      11,250 SF retail property in downtown Sturgis.
      1219 Main St, Sturgis, SD 57785
      View Details
    • $3,199,900
      45,000 SF

      Sturgis Industrial Property for Sale

      45,000 sqft industrial property in Sturgis, South Dakota.
      1151 Industry Road, Sturgis, SD 57785
      View Details
    • $8,980,000

      Shade Valley Camp Resort

      Campground, saloon, RV sites, tent sites, and stages near Sturgis.
      20168 137th Place, Sturgis, SD 57785
      View Details

    FAQs

    What type of property is this?
    Campground - Premier resort-style campground and RV park near Sturgis, South Dakota.
    Where is this campground located?
    The property is located at 20899 Pleasant Valley Drive Sturgis, SD.
    What is the asking price?
    The asking price for this property is $3,200,000.
    What are key features of this property?
    This property features: Premier resort‑style campground in a highly desirable Black Hills recreational market near Sturgis and Deadwood.; Versatile mix of accommodations: full‑service RV sites, tent camping, and furnished cabins.; Comprehensive amenities: heated pool, hot tub, on‑site bar and grill, camp store, and high‑speed WiFi.
    (605) 642-2500
    We can help!
    Listing Contact
    Britney Routh
    Britney Routh
    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!