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    820 Unit Suite Keystone, SD 57751
    Property profile & analytics

    820 Unit Suite Keystone, SD 57751

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    • Retail properties & Spaces
    • 0.02 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail properties & Spaces

    Property Details for 820 Unit Suite

    Lot size
    0.02 lot acres
    Property type
    Retail properties & Spaces

    Description

    This exceptional retail opportunity in Keystone, South Dakota, presents 260,000 USD of potential. Situated on a 0.02-acre lot at 820 Highway 16A, Unit Suite #9, this property offers a versatile, open floor plan perfect for customization. The space is ready for your vision, allowing you to design a layout that perfectly suits your business needs. Its prime location ensures high visibility and accessibility, capitalizing on the millions of tourists who visit the Black Hills annually. This translates to significant foot traffic and exposure for your business. The property also includes a dedicated storage area, providing ample space for inventory or equipment, enhancing operational efficiency. The property is being sold as-is, allowing for immediate occupancy and preparation for the upcoming 2025 tourist season. Don't miss this chance to establish your business in a thriving location within a popular tourist destination. This is a rare opportunity to own a piece of Keystone's vibrant commercial landscape. The property is available for immediate purchase.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Keystone
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.428
    Latitude
    43.8872

    Comparable in this City

    • Value Estimation by Request
      1,600 SF

      402 1st St

      RETAIL STORES (PERSONAL SERVICES) • 1,600 SF
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    • Value Estimation by Request
      1,184 SF

      408 1st St

      RETAIL STORES (PERSONAL SERVICES) • 1,184 SF
      408 1st St, Keystone, SD 57751-2049
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    • Value Estimation by Request
      861 SF

      111 Winter St

      RETAIL STORES (PERSONAL SERVICES) • 861 SF
      111 Winter St, Keystone, SD 57751-2057
      View Details
    • Value Estimation by Request
      3,684 SF

      434 Hwy 16a

      RESTAURANT • 3,684 SF
      434 Hwy 16a, Keystone, SD 57751-2041
      View Details
    • Value Estimation by Request
      930 SF

      810 Hwy 16a

      RETAIL STORES (PERSONAL SERVICES) • 930 SF
      810 Hwy 16a, Keystone, SD 57751
      View Details
    • Value Estimation by Request
      10,000 SF

      620 Pankratz Rd

      AUTO REPAIR, GARAGE • 10,000 SF
      620 Pankratz Rd, Keystone, SD 57751
      View Details

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    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.

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