Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    323 Seat Spearfish, SD 57783
    Back to Search
    Property profile & analytics

    323 Seat, Spearfish, SD 57783

    View on Map
    • Industrial properties
    • 0.18 lot acres
    For Sale
    $1,195,000
    View Listing →
    Spearfish Industrial Freespan Building For Sale
    $1,195,000

    Spearfish Industrial Freespan Building

    Spacious Industrial Building - Ready for Business

    323 Seat, Spearfish, SD 57783
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Industrial properties

    Property Details for 323 Seat

    Lot size
    0.18 lot acres
    Property type
    Industrial properties

    Description

    This exceptional 8,000 square foot freespan industrial building presents a unique opportunity for businesses seeking expansion or relocation in Spearfish, South Dakota. Located on a 0.18-acre lot at 323 OTHER Unit 323 Seat, this newly constructed structure offers a blank canvas for a wide range of industrial and commercial applications. The expansive interior boasts 80' x 100' dimensions and impressive ceiling heights ranging from 20 to 28 feet, providing ample space for operations and storage. Four generously sized 16' x 16' overhead doors ensure easy access for loading and unloading of materials and equipment. The property's strategic location on the edge of Spearfish offers excellent visibility and convenient access to transportation routes. While the building is ready for immediate occupancy, please note that not all utilities are currently connected. This presents a chance to customize utility installations to perfectly suit your business needs. Priced at $1,195,000, this property represents an exceptional value for a high-quality, newly constructed industrial space in a thriving South Dakota community. Don't miss this chance to establish your business in this prime location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.809
    Latitude
    44.4842

    Comparable in this City

    • Value Estimation by Request
      0.10 Acres

      3225 Old Belle Rd

      Industrial properties
      3225 Old Belle Rd, Spearfish, SD 57783
      View Details
    • Value Estimation by Request
      1,080 SF

      344 Main St

      Commercial real estate
      344 Main St, Spearfish, SD 57783
      View Details
    • Value Estimation by Request
      8,685 SF

      230 Main St

      Multifamily properties
      230 Main St, Spearfish, SD 57783
      View Details
    • Value Estimation by Request
      0.20 Acres

      504 Jackson Blvd

      COMMERCIAL (GENERAL)
      504 Jackson Blvd, Spearfish, SD 57783-1909
      View Details
    • Value Estimation by Request
      11.06 Acres

      6800 Saint Onge Rd

      SHOW ROOM, WAREHOUSE
      6800 Saint Onge Rd, Spearfish, SD 57783-9544
      View Details
    • Value Estimation by Request
      0.57 Acres

      Spearfish, SD 57783

      COMMERCIAL (GENERAL)
      Spearfish, SD 57783
      View Details

    Similar Nearby for Sale

    • $1,600,000
      0.10 Acres

      Spearfish Industrial Property & Businesses

      Prime Spearfish location, two established businesses included.
      3225 Old Belle Rd, Spearfish, SD 57783
      View Details
    • $1,195,000
      0.18 Acres

      Spearfish Industrial Freespan Building

      Spacious Industrial Building - Ready for Business
      323 Seat, Spearfish, SD 57783
      View Details
    • Contact for pricing
      9,860 SF

      Spearfish Commercial Shop/Office Building

      Commercial building in Spearfish, SD with five leased units.
      320 S 26Th St, Spearfish, SD 57783
      View Details
    • $800,000
      11,700 SF

      Spearfish Commercial Building on I-90

      Highly visible commercial property with flexible space and highway access.
      720 N 11Th St, Spearfish, SD 57783
      View Details
    • $1,299,000
      9,600 SF

      Spearfish Commercial Building with Expansion Potential

      Established commercial building near I-90 with income and expansion potential.
      3103 E Fairgrounds Loop, Spearfish, SD 57783
      View Details
    • $525,000
      2,100 SF

      New Multi-Use Industrial Building

      State-of-the-art industrial building with flexible space options for sale.
      3170 Venture Ct, Spearfish, SD 57783
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
      2,100 SF

      Modern Industrial Building in Spearfish

      New 12,600 sqft industrial building with flexible space options.
      3170 Venture Ct, Spearfish, SD 57783
      View Details
    • $1,500 /Mo
      900 SF

      Spearfish Retail Space For Rent

      Retail space available immediately off I-90 in Spearfish, SD.
      3326 E Fairgrounds Loop, Spearfish, SD 57783
      View Details
    • Contact for pricing

      Customizable Retail/Office Space Available

      New retail/office space with strong visibility and flexible layouts.
      344 N Main St, Spearfish, SD 57783
      View Details
    View Listing
    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.
    323 Seat
    Spearfish, SD 57783
    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
    323 Seat, Spearfish, SD, 57783
    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!