Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    21201 Ridgewood Trl Lead, SD 57754
    Back to Search
    Property profile & analytics

    21201 Ridgewood Trl Lead, SD 57754

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

    Current Use by Public Records

    • Land

    Property Details for 21201 Ridgewood Trl

    Lot size
    1.75 lot acres
    Property type
    Land

    Description

    This exceptional 1.75-acre commercial lot in the coveted Powder House Pass subdivision near Lead, South Dakota (zip code 57754) presents a unique investment opportunity. Bordering BLM land on two sides, the property offers unparalleled privacy and access to abundant outdoor recreation, including ATV trails directly accessible from the lot. The property includes a substantial 40x60 shop, easily adaptable for residential conversion, offering a versatile space for a home or business. Pre-existing house plans are available, streamlining the building process. A graveled parking area is already in place. This property provides exclusive access to the subdivision's clubhouse, featuring a heated pool, game room, and gathering area. The location offers breathtaking mountain views and proximity to numerous Black Hills attractions. The asking price for this remarkable property is $1,000,000. This is a rare chance to acquire a prime commercial lot with significant potential in a desirable location. The property is located at 21201 Ridgewood Trl, Lead, Lawrence County, South Dakota.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Lead
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.792
    Latitude
    44.322

    Comparable in this City

    • Value Estimation by Request
      0.65 Acres

      11293 Lantern Ln

      Retirement homes • 2,940 SF
      11293 Lantern Ln, Lead, SD 57754
      View Details
    • Value Estimation by Request
      45.69 Acres

      Richmond Hl Rd

      Land • 45.69 Acres
      0 Richmond Hl Rd, Spearfish, SD 57754
      View Details
    • Value Estimation by Request
      0.59 Acres

      11270 Overlook Pass

      Land • 0.59 Acres
      11270 Overlook Pass, Lead, SD 57754
      View Details
    • Value Estimation by Request
      0.56 Acres

      11266 Overlook Pass

      Land • 0.56 Acres
      11266 Overlook Pass, Lead, SD 57754
      View Details
    • Value Estimation by Request
      0.50 Acres

      11262 Overlook Pass

      Land • 0.50 Acres
      11262 Overlook Pass, Lead, SD 57754
      View Details
    • Value Estimation by Request
      1.07 Acres

      Lead, SD 57754

      COMMERCIAL (GENERAL) • 1.07 Acres
      Lead, SD 57754
      View Details

    Similar Nearby for Sale

    • $1,449,000

      Land For Sale, Lead SD

      Land available in Lead, South Dakota.
      191 Deer Mountain Rd, Lead, SD 57754
      View Details
    • $1,449,000

      Land For Sale

      Land available in Lawrence County.
      193 Deer Mountain Rd, Lead, SD 57754
      View Details
    • $116,900
      Pending

      Land For Sale in Lead

      Land available in Lawrence County, Lead, South Dakota.
      21220 Last Chance Trl, Lead, SD 57754
      View Details
    • $169,500

      Land For Sale

      Land available in Powder House Subdivision.
      4 Trailside Rd, Lead, SD 57754
      View Details
    • $875,000
      88.90 Acres

      Undeveloped Land in Black Hills

      88.9 acres of untouched land with development potential.
      88.9 Acres Wasp Rd, Lead, SD 57754
      View Details
    • $116,900
      Pending

      Land For Sale in Lead

      Land available on Last Chance Trail, Lead, South Dakota.
      21220 Last Chance Trl, Lead, SD 57754
      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.
    21201 Ridgewood Trl
    Lead, SD 57754
    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
    21201 Ridgewood Trl, Lead, SD, 57754
    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!