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    Richmond Hl Rd Spearfish, SD 57754

    Sponsored
    For Sale
    $1,500,000

    45-acre commercial lot with stunning views.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 45.69-acre commercial land parcel presents a unique investment opportunity near Spearfish, South Dakota. Located approximately 1.5 miles north of the renowned Terry Peak Ski Resort, this property boasts breathtaking views from its 6,200+ foot elevation. The land has been logged within the last five years, providing a clean slate for development. An existing access road simplifies access, and electricity is readily available within 1000 feet. The terrain is well-suited for the creation of exclusive executive homesites, taking advantage of the spectacular scenery. Currently zoned to allow for up to six building permits, this property offers significant potential for various commercial ventures. The asking price is $1,500,000. The property is located at Richmond Hill Rd, Lead, Berkeley County, SD 57754. Its precise coordinates are latitude 44.3930394 and longitude -103.8506511. This is a rare chance to acquire a substantial tract of land in a desirable location with exceptional views and development potential. Don't miss this opportunity to capitalize on the unique features and strategic location of this remarkable property.

    Property Features for 0 Richmond Hl Rd

    General Information

    Property type
    Land
    Lot Size
    1,990,256 SF

    HighLights

    • Stunning views from 6,200+ foot elevation.
    • Located 1.5 miles north of Terry Peak Ski Resort.
    • Existing zoning allows for up to six building permits.
    • Recently logged (within the last five years).
    • Existing access road.
    • Electricity available within 1000 feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Spearfish
    County
    Berkeley
    State
    South Dakota
    Longitude
    -103.8506511
    Latitude
    44.3930394

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    FAQs

    What type of property is this?
    Land - 45-acre commercial lot with stunning views.
    Where is this land located?
    The property is located at Richmond Hl Rd Spearfish, SD.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: Stunning views from 6,200+ foot elevation.; Located 1.5 miles north of Terry Peak Ski Resort.; Existing zoning allows for up to six building permits.
    Request Owner's contact information
    Richmond Hl Rd Spearfish, SD 57754
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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
    Richmond Hl Rd Spearfish, SD 57754
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