Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Wazi Ln Custer, SD 57730
    Back to Search
    Property profile & analytics

    Wazi Ln, Custer, SD 57730

    View on Map
    • Land
    • 1.50 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Wazi Ln

    Lot size
    1.50 lot acres
    Property type
    Land

    Description

    This 1.5-acre commercial lot in Custer, South Dakota, presents a unique investment opportunity. Located on Wazi Ln, 57730, this soon-to-be-platted property offers a prime location on the outskirts of Custer, boasting impressive views of local rock formations and convenient proximity to French Creek. The lot is flat and highly visible from the highway, making it ideal for a variety of commercial uses. Utilities are readily available, with power accessible at the northern edge and a city utility easement ensuring access to city water and sewer services above French Creek. The property is zoned for commercial use, allowing for diverse development possibilities, including but not limited to industrial facilities, warehouses, parking areas, or storage units. Detailed anticipated lot lines are available in supplementary documentation. The asking price for this exceptional property is $230,000. Given the increasing demand for commercial vacant land in Custer, this represents a compelling investment in a desirable location with established infrastructure. Don't miss this chance to secure a piece of Custer's thriving commercial landscape.

    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
    -103.62
    Latitude
    43.7607

    Comparable in this City

    • Value Estimation by Request
      0.18 Acres

      242 Mt. Rushmore Rd

      Distribution properties
      242 Mt. Rushmore Rd, Custer, SD 57730
      View Details
    • Value Estimation by Request
      32.74 Acres

      11746 Us-16

      Specialty properties
      11746 Us-16, Custer, SD 57730
      View Details
    • Value Estimation by Request
      0.34 Acres

      Tbd Mt. Rushmore Rd

      Commercial real estate
      Tbd Mt. Rushmore Rd, Custer, SD 57730
      View Details
    • Value Estimation by Request
      223.08 Acres

      12188 Ave Of The Chiefs

      COMMERCIAL (GENERAL)
      12188 Ave Of The Chiefs, Custer, SD 57730
      View Details
    • Value Estimation by Request
      720 SF

      Custer, SD 57730

      COMMERCIAL (GENERAL)
      Custer, SD 57730
      View Details
    • Value Estimation
      $905,000
      7,875 SF

      12066 18th Mile Rd

      COMMERCIAL (GENERAL)
      12066 18th Mile Rd, Custer, SD 57730-5100
      View Details

    Similar Nearby for Sale

    • $368,160

      Land For Sale

      Land available approximately four miles west of Custer, South Dakota.
      3 Pleasant Valley Rd, Custer, SD 57730
      View Details
    • $102,925

      Land For Sale Near Custer

      Land located four miles west of Custer via Hwy 16.
      8 Pleasant Valley Rd, Custer, SD 57730
      View Details
    • $219,000
      20.48 Acres

      Black Hills Acreage with Container Home

      20-acre Black Hills property with container home and outbuildings.
      26666 Winchester Rd, Custer, SD 57730
      View Details
    • $239,900

      Land For Sale

      Land available south of Custer on Star Valley Drive.
      12290 South Star Dr, Custer, SD 57730
      View Details
    • 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
    • $2,255,875
      180.47 Acres

      Black Hills Land with Utilities

      180+ acre land parcel with utilities near National Forest.
      11246 Custer Limestone 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.
    Wazi Ln
    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

    Thank You for Inquiry
    Wazi Ln, 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!