Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Commercial Lot on High-Traffic Road Title is generated by Realmo AI

    22763 MULE DEER TRAIL, Box Elder, SD 57719

    View on Map
    Claim this Listing
    New
    For Sale
    $160,000

    Commercial Sale, Other - Box Elder, SD

    Type:Unimproved Land
    Lot size:
    0.74 Acres
    Added:
    May 15, 2026
    Days on Market:
    2
    Last Refresh:
    May 16 at 10:06 pm

    Property Features for 22763 MULE DEER TRAIL

    General Information

    Property type
    Commercial Sale
    Property subtype
    Unimproved Land
    Zoning
    Highway Service
    Standard status
    Active
    Lot size
    0.74 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    LORI BARNETT

    Listing agent LORI BARNETT

    Listing office Engel & Völkers Rapid City 517 Main St, Rapid City, SD

    Listing date May 15, 2026

    MLS# 176776 Listing URL

    Copyright © 2026 Engel & Völkers. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • High‑traffic location on Radar Hill Road (approx. 4,800 vehicles per day)
    • Adjacent to Dollar General, offering established retail synergy
    • Strategically positioned to serve Ellsworth Air Force Base and the Rapid City market
    • Leveled building pad for efficient development
    • Utilities available on‑site
    • Located along a key commercial corridor with nearby residential growth

    Overview

    This commercial lot is located in Box Elder and features frontage on Radar Hill Road, which sees approximately 4,800 vehicles per day (ADT, 2024 SDDOT). The property is strategically located adjacent to Dollar General, providing strong visibility and established retail synergy. Positioned along a key commercial corridor serving Ellsworth Air Force Base and the growing eastern edge of the Rapid City market, this site benefits from steady daily traffic and nearby residential growth. The property offers a leveled building pad with utilities available, allowing for efficient and timely development.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Restaurant Real Estate Agency Big Box & Wholesale Store Auto Repair Shop Auto Parts Store Kitchen & Bath Showroom HVAC Service Bar & Pub Storage Facility Electrical Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Box Elder
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.0900355
    Latitude
    44.1023422

    Nearby Similar for Sale

    • $399,900
      2,800 SF

      New Self-Storage Facility with Expansion

      New self-storage facility with income stream and expansion potential.
      TBD Antelope Flats Drive, Box Elder, SD 57719
      View Details
    • $800,000

      Commercial Land Near Ellsworth AFB

      4.07 acres of commercial land in Box Elder, South Dakota.
      550 N Ellsworth Road, Box Elder, SD 57719-0000
      View Details
    • $160,000

      Commercial Lot on Radar Hill

      Prime commercial lot with high visibility and utilities available.
      22763 Mule Deer Trail, Box Elder, SD 57719
      View Details
    • $4,150,000

      Single-Family Rental Portfolio in Box Elder

      19 single-family homes near Ellsworth Air Force Base.
      270 Landmark Court, Box Elder, SD 57719
      View Details
    • $3,000,000
      16,000 SF

      New Industrial Warehouse in Box Elder

      New construction warehouse on 1.91 acres, ready for occupancy.
      4651 Seger Drive, Box Elder, SD 57719
      View Details
    • $1,450,458

      RDO Industrial Subdivision Land

      Last lot available in successful RDO Industrial Subdivision.
      4400 E Mall Drive, Box Elder, SD 57719
      View Details
    • $560,500

      Land with Black Hills Views

      Large acreage with utilities near Box Elder, South Dakota.
      220TH ST, Box Elder, SD 57719
      View Details
    • $90,500

      Box Elder Acreage with Views

      4-acre lot with Black Hills and prairie views.
      220TH ST, Box Elder, SD 57719
      View Details
    • $200,500

      25 Acres Near Ellsworth AFB

      25 acres of land near Box Elder, South Dakota.
      TBD Antelope Flats Drive, Box Elder, SD 57719
      View Details
    • $400,000

      Land Parcel Near Future Development

      Land available near upcoming Cheyenne Blvd and Alpha Omega subdivision.
      14800 Radar Hill Dr, Box Elder, SD 57719
      View Details
    • $2,555,142

      Corner Lot Near Ellsworth AFB

      Commercial land with high traffic, utilities available, near main gate.
      312 Parker Dr, Box Elder, SD
      View Details
    • $219,000
      2,856 SF

      Commercial Land Near Ellsworth AFB

      Prime commercial land suitable for various business ventures.
      306 Hillview Drive, Box Elder, SD 57719
      View Details

    FAQs

    What type of property is this?
    Commercial land - Prime commercial lot with high visibility and established retail synergy.
    Where is this commercial land located?
    The property is located at 22763 MULE DEER TRAIL Box Elder, SD.
    What is the asking price?
    The asking price for this property is $160,000.
    What are key features of this property?
    This property features: High‑traffic location on Radar Hill Road (approx. 4,800 vehicles per day); Adjacent to Dollar General, offering established retail synergy; Strategically positioned to serve Ellsworth Air Force Base and the Rapid City market
    (605) 716-4847
    We can help!
    Listing Contact
    LORI BARNETT
    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
    22763 MULE DEER TRAIL, Box Elder, SD 57719
    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!