Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    648 Mt. Rushmore Rd Custer, SD 57730

    • Commercial real estate
    • 1,495 SF
    For Sale
    View listing
    $1.00
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 648 Mt. Rushmore Rd

    Property size
    1,495 SF
    Property type
    Commercial real estate

    Description

    This exceptional commercial lease opportunity is located in the heart of Custer, South Dakota, directly beneath First Interstate Bank on Main Street. This highly visible 1,495 square foot basement suite, previously occupied by H&R Block, presents a versatile space ideal for a variety of businesses. The property boasts a significant advantage with its prime location in a bustling commercial area, ensuring high foot traffic and excellent brand exposure. Designed with accessibility in mind, the suite features a handicap-accessible entrance complete with a convenient chair lift, promoting inclusivity and welcoming all potential clients. The lease includes all utilities, encompassing electricity, water, and sewer services, simplifying operational costs for the tenant. The space itself comprises a large open area of 1,495 square feet, supplemented by two additional, separate office spaces, perfect for individual work or small team collaboration. A detailed floor plan is available in the associated documents, providing a comprehensive visual representation of the layout. This is a rare opportunity to establish or expand your business in a highly desirable location within Custer's thriving commercial district. Don't miss out on this chance to secure a well-appointed and conveniently located commercial space.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Custer
    County
    Custer
    State
    South Dakota
    Longitude
    -103.597
    Latitude
    43.7667

    Comparable in this City

    • Value Estimation by Request
      0.17 Acres

      544 Mt Rushmore Rd

      COMMERCIAL (GENERAL) • 0.17 Acres
      544 Mt Rushmore Rd, Custer, SD 57730
      View Details
    • Value Estimation by Request
      1,200 SF

      Custer, SD 57730

      COMMERCIAL (GENERAL) • 1,200 SF
      Custer, SD 57730
      View Details
    • Value Estimation by Request
      1,654 SF

      24939 America Ctr Rd

      COMMERCIAL (GENERAL) • 1,654 SF
      24939 America Ctr Rd, Custer, SD 57730
      View Details
    • Value Estimation by Request
      2,016 SF

      12220 Aviation Way, Unit 6

      COMMERCIAL (GENERAL) • 2,016 SF
      12220 Aviation Way, Custer, SD 57730-9205
      View Details
    • Value Estimation
      $805,000
      6,100 SF

      648 Mt Rushmore Rd

      COMMERCIAL (GENERAL) • 6,100 SF
      648 Mt Rushmore Rd, Custer, SD 57730-2031
      View Details
    • Value Estimation
      $1,985,000
      18,360 SF

      310 Mt Rushmore Rd

      COMMERCIAL (GENERAL) • 18,360 SF
      310 Mt Rushmore Rd, Custer, SD 57730-1938
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,495 SF

      Prime Custer SD Commercial Space

      Main Street basement suite, 1495 sq ft.
      648 Mt. Rushmore Rd, Custer, SD 57730
      View Details
    • $355,000
      0.56 Acres

      High-Traffic Custer Commercial Lot

      Prime Custer location, high visibility, 0.56 acres.
      631 Mt. Rushmore Rd, Custer, SD 57730
      View Details
    • $230,000
      1.50 Acres

      Custer Commercial Land - Prime Location

      1.5-Acre Lot, Stunning Views, Utilities Available
      Tbd Wazi Ln, Custer, SD 57730
      View Details
    • $355,000
      0.56 Acres

      Custer Commercial Land - $355K

      High-traffic Custer commercial lot, 0.56 acres.
      631 Mount Rushmore Rd, Custer, SD 57730
      View Details
    • $338,888
      0.34 Acres

      Custer Commercial Lots - High Visibility

      Prime Custer location, two lots, high traffic.
      Tbd Mt. Rushmore Rd, Custer, SD 57730
      View Details
    • $1,200,000
      0.10 Acres

      Prime Custer Bakery & Cafe

      Established Eatery w/ Apartment
      541 Mount Rushmore Rd, Custer, SD 57730
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo
      1,000 SF

      Retail Space in Downtown Custer

      High-visibility retail space available in downtown Custer, ready February 2026.
      17 N 5Th St, Custer, SD 57730
      View Details
    • $2,450 /Mo
      1,525 SF

      Downtown Custer Executive Suites

      Historical commercial space with private offices and kitchenette available for rent.
      449 Mt. Rushmore Rd, Custer, SD 57730
      View Details
    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.
    648 Mt. Rushmore Rd
    Custer, SD 57730
    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

    Google sign-in failed. Please try again or use another login method.