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    Tbd Gisi Rd Rapid City, SD 57701

    For Sale
    $595,000

    Prime Agricultural Land, Rapid City, SD

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    Exceptional opportunity to acquire 10 acres of land outside Rapid City city limits, in Pennington County, South Dakota (zip code 57701). This property, located on TBD Gisi Road, boasts a strategic location between the rapidly expanding areas of Box Elder and Rapid City, offering significant development potential. The land is currently zoned for agricultural use but presents possibilities for commercial, light industrial, or residential development. Its proximity to Ellsworth Air Force Base, poised for substantial growth with an anticipated increase of over 3,000 personnel and their families in the coming years, further enhances its investment appeal. Convenient access to I-90 West is already available via West Gate Road and Elk Vale Road, with potential for even faster access via the planned diverging diamond I-90 interchange at Exit 63 (anticipated completion in 2026). The property features an existing easement, electricity, and fencing on three sides. Note that the 10-acre parcel is part of a larger 50-acre parcel currently undergoing the re-platting process, anticipated to be completed before closing. The asking price is $595,000. No covenants restrict development.

    Property Features for 0 Tbd Gisi Rd

    General Information

    Property type
    Farms
    Lot Size
    435,600 SF

    HighLights

    • 10‑acre land parcel in Pennington County, SD (zip code 57701), located near Rapid City and Box Elder.
    • Strategically positioned for commercial, light industrial, or residential development.
    • Currently zoned agricultural, with no restrictive covenants.
    • Excellent access to I‑90 and Ellsworth Air Force Base, poised for significant growth.
    • Existing easement, electricity, and three‑sided fencing; re‑platting of larger parcel underway.
    • Asking price: $595,000.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.1201185
    Latitude
    44.1182655

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    FAQs

    What type of property is this?
    Farm - Prime Agricultural Land, Rapid City, SD
    Where is this farm located?
    The property is located at Tbd Gisi Rd Rapid City, SD.
    What is the asking price?
    The asking price for this property is $595,000.
    What are key features of this property?
    This property features: 10-acre land parcel in Pennington County, SD (zip code 57701), located near Rapid City and Box Elder.; Strategically positioned for commercial, light industrial, or residential development.; Currently zoned agricultural, with no restrictive covenants.
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    Tbd Gisi Rd Rapid City, SD 57701
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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
    Tbd Gisi Rd Rapid City, SD 57701
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