Property profile

0 Richmond Hl Rd Spearfish, SD 57754

OFF-MARKET
Land
45.69 ac lot
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Property summary

AI-generated overview

This exceptional 45.69-acre commercial land parcel presents a unique investment opportunity near Spearfish, South Dakota. Located approximately 1.5 miles north of the renowned Terry Peak Ski Resort, this property boasts breathtaking views from its 6,200+ foot elevation. The land has been logged within the last five years, providing a clean slate for development. An existing access road simplifies access, and electricity is readily available within 1000 feet. The terrain is well-suited for the creation of exclusive executive homesites, taking advantage of the spectacular scenery. Currently zoned to allow for up to six building permits, this property offers significant potential for various commercial ventures. The asking price is $1,500,000. The property is located at Richmond Hill Rd, Lead, Berkeley County, SD 57754. Its precise coordinates are latitude 44.3930394 and longitude -103.8506511. This is a rare chance to acquire a substantial tract of land in a desirable location with exceptional views and development potential. Don't miss this opportunity to capitalize on the unique features and strategic location of this remarkable property.

Property profile

Verified
Property type Land
Lot 45.69 ac (1,990,256 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Richmond Hl Rd Spearfish, SD 57754
Spearfish metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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