Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Custer SD Land For Sale Title is generated by Realmo AI

    Lot H Cold Spring Trl, Custer, SD 57730

    View on Map
    Claim this Listing
    For Sale
    $251,900

    Residential Single Family - Custer, SD

    Type:Single Family Residence
    Lot size:
    4.58 Acres
    Added:
    May 9, 2025
    Days on Market:
    390
    Last Refresh:
    Jun 2 at 9:06 pm

    Property Features for Lot H Cold Spring Trl

    General Information

    Property type
    Land
    Property subtype
    Single Family Residence
    Standard status
    Active
    Lot size
    4.58 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Eric Lewis

    Listing agent Eric Lewis

    Listing office Lewis Realty 14 W Mt Rushmore Rd, Custer, SD

    Listing date May 9, 2025

    MLS# 84338 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.

    HighLights

    • Borders USFS land, providing direct access to endless recreation and exploring.
    • Located in the Black Hills, known for its scenic beauty.
    • New development 'HOMESTEAD ADDITION' by historic Cold Springs.
    • Milder winters due to its location in the Southern Hills.
    • Mix of meadowed and treed lots with great views.
    • Builder currently building in the development may be available for hire.

    Overview

    This 4.58-acre residential lot is located in the Homestead Addition development by historic Cold Springs, in the Black Hills. The property borders many miles of US Forest Service lands, offering recreational opportunities. The area has milder winters. The lot features a mix of meadow and trees, with views. Access is available from the north via Beaver Creek Road and from the south, just over a mile of gravel off Highway 385. Lot H borders USFS and has a view. A builder currently building in the area may be available for hire.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Custer
    County
    Custer
    State
    South Dakota
    Longitude
    -103.50492117
    Latitude
    43.61999152

    Nearby Similar for Sale

    • $1,600,000
      14,918 SF

      Renovated Days Inn in Custer

      Completely renovated 48-unit hotel in the Black Hills.
      519 Crook Street, Custer, SD 57730
      View Details
    • $295,000
      3,888 SF

      Mixed-Use Property in Custer, SD

      Versatile mixed-use property with retail, warehouse, and living spaces.
      715 Mt. Rushmore Road, Custer, SD 57730
      View Details
    • $2,300,000
      8,700 SF

      Prime Custer Mixed-Use Investment

      Renovated mixed-use property with retail and short-term rental income.
      632 Mt. Rushmore Road, Custer, SD 57730
      View Details
    • $219,000
      320 SF

      Black Hills Acreage with Container Home

      20-acre Black Hills property with container home and outbuildings.
      26666 Winchester Road, Custer, SD 57730
      View Details
    • $166,500

      Custer Land with Exceptional Views

      5-acre residential lot in Canyon Rim Ranch, Custer, SD.
      Big Sky 7 Elk Run Road, Custer, SD 57730
      View Details
    • $555,000

      Historic Commercial Building in Custer

      Unique commercial space with high exposure in the Black Hills.
      436 Mt. Rushmore Road, Custer, SD 57730
      View Details
    • $249,000

      Residential Lot in Rocky Knolls

      2.82-acre residential lot near Custer and Black Hills.
      12158 Fairway Drive, Custer, SD 57730
      View Details
    • $650,000

      Black Hills Ranch with Pristine Views

      40-acre ranch near Custer, SD, with water access.
      TBD W Argyle Road, Custer, SD 57730
      View Details
    • $299,000

      Southern Black Hills Wooded Oasis

      8.55-acre wooded property near Custer, Hot Springs, and Edgemont.
      TBD W Argyle Road, Custer, SD 57730
      View Details
    • $119,500

      Residential Lots with Mountain Views

      Residential lots with city utilities and views in Custer, SD.
      Lot 27, BL 1 Park Avenue, Custer, SD 57730
      View Details
    • $119,500

      Custer, SD Residential Lots

      Residential lots with views of the Needles in Stone Hill.
      Lot 28, BL 1 Park Avenue, Custer, SD 57730
      View Details
    • $119,500

      Custer Land with Mountain Views

      Residential lots with utilities and views near Custer attractions.
      Lot 23, BLOCK 1 Park Avenue, Custer, SD 57730
      View Details

    FAQs

    What type of property is this?
    Land - 4.58 acre residential lot bordering USFS lands in Custer, SD.
    Where is this land located?
    The property is located at Lot H Cold Spring Trl Custer, SD.
    What is the asking price?
    The asking price for this property is $251,900.
    What are key features of this property?
    This property features: Borders USFS land, providing **direct access to endless recreation and exploring.**; Located in the Black Hills, known for its scenic beauty.; New development 'HOMESTEAD ADDITION' by historic Cold Springs.
    (605) 440-1055
    We can help!
    Listing Contact
    Eric Lewis
    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
    Lot H Cold Spring Trl, Custer, SD 57730
    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!