0 Sammis Trl Rapid City, SD 57702
This exceptional 38.18-acre parcel presents a remarkable opportunity for residential development in Rapid City, South Dakota. Strategically located near Highway 16, this property boasts a prime location within city limits, ensuring convenient access to amenities and infrastructure. The land is zoned MDR-Medium Density Residential District, permitting the construction of single-family homes, townhomes, and multi-family dwellings, offering flexibility for various development plans. All necessary utilities are readily available on-site, simplifying the development process and minimizing upfront costs. The surrounding area features a mix of established businesses and natural landscapes, including the US Forest Service – Mystic Ranger Station, Fox Den Store-It, Black Hills Energy, and Black Hills Orthopedic & Spine Center. This presents a unique blend of commercial convenience and natural beauty, making it an attractive location for potential residents. The asking price for this expansive tract is $3,326,242, representing a significant investment opportunity in a rapidly growing area of Rapid City. The address is Sammis Trail, Healing Way, Rapid City, SD 57702, within Pennington County. This property offers developers a chance to create a thriving residential community in a desirable and well-connected location. Don't miss this chance to acquire a substantial piece of land with significant development potential.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.