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    Sammis Trl Rapid City, SD 57702

    Sponsored
    For Sale
    $3,326,242

    38 Acres, Prime Location, Utilities Available

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 38.18-acre parcel presents a remarkable opportunity for residential development in Rapid City, South Dakota. Strategically located near Highway 16, this property boasts a prime location within city limits, ensuring convenient access to amenities and infrastructure. The land is zoned MDR-Medium Density Residential District, permitting the construction of single-family homes, townhomes, and multi-family dwellings, offering flexibility for various development plans. All necessary utilities are readily available on-site, simplifying the development process and minimizing upfront costs. The surrounding area features a mix of established businesses and natural landscapes, including the US Forest Service – Mystic Ranger Station, Fox Den Store-It, Black Hills Energy, and Black Hills Orthopedic & Spine Center. This presents a unique blend of commercial convenience and natural beauty, making it an attractive location for potential residents. The asking price for this expansive tract is $3,326,242, representing a significant investment opportunity in a rapidly growing area of Rapid City. The address is Sammis Trail, Healing Way, Rapid City, SD 57702, within Pennington County. This property offers developers a chance to create a thriving residential community in a desirable and well-connected location. Don't miss this chance to acquire a substantial piece of land with significant development potential.

    Property Features for 0 Sammis Trl

    General Information

    Property type
    Land
    Lot Size
    1,663,121 SF

    HighLights

    • $3,326,242 asking price.
    • 38.18‑acre residential land parcel.
    • MDR‑Medium Density Residential zoning, allowing single‑family, townhome, and multi‑family development.
    • Located in Rapid City, SD, near Highway 16.
    • City utilities available on‑site.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.24311
    Latitude
    44.002673

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    FAQs

    What type of property is this?
    Land - 38 Acres, Prime Location, Utilities Available
    Where is this land located?
    The property is located at Sammis Trl Rapid City, SD.
    What is the asking price?
    The asking price for this property is $3,326,242.
    What are key features of this property?
    This property features: $3,326,242 asking price.; 38.18-acre residential land parcel.; MDR-Medium Density Residential zoning, allowing single-family, townhome, and multi-family development.
    Request Owner's contact information
    Sammis Trl Rapid City, SD 57702
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    Rapid City, SD 57702
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    Realmo Value Estimation

    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.

    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.

    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
    Sammis Trl Rapid City, SD 57702
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