Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Boulder Creek Rd Sturgis, SD 57785
    Back to Search
    Property profile & analytics

    Boulder Creek Rd Sturgis, SD 57785

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

    Current Use by Public Records

    • Land

    Property Details for 0 Boulder Creek Rd

    Lot size
    4.20 lot acres
    Property type
    Land

    Description

    This 4.2-acre residential lot in Sturgis, South Dakota, presents a unique opportunity to build a custom home or cabin. Ideally situated between Sturgis and Deadwood, this secluded property boasts wooded areas and stunning views overlooking a small canyon and the Black Hills. The lot borders the Black Hills Forest Service on its southern edge, offering a peaceful and private setting. While the property is wooded and secluded, it enjoys convenient access via an easement from Boulder Creek Road, with electricity readily available along the road. Water wells in the area typically range from 300 to 400 feet deep; however, a well is not currently present on the site. The property is free from homeowner's association fees, although a $200 annual road assessment is included in the property taxes. Legal documentation suggests that any existing covenants on the property have expired. Please note that significant excavation may be required to prepare optimal building sites due to the terrain. The asking price reflects this consideration. Buyers are responsible for verifying all information provided in the listing. The property's zip code is 57785, and its location is in Lawrence County.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Sturgis
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.589
    Latitude
    44.3867

    Comparable in this City

    • Value Estimation by Request
      1.00 Acre

      Pleasant Valley Rd

      Land • 1.00 Acre
      0 Pleasant Valley Rd, Sturgis, SD 57785
      View Details
    • Value Estimation by Request
      0.27 Acres

      2680 Starline Ave

      Land • 0.27 Acres
      2680 Starline Ave, Sturgis, SD 57785
      View Details
    • Value Estimation by Request
      5.00 Acres

      Pleasant Valley Rd

      Land • 5.00 Acres
      0 Pleasant Valley Rd, Sturgis, SD 57785
      View Details
    • Value Estimation by Request
      1,395 SF

      2210 Quartzite Dr

      Multifamily properties • 1,395 SF
      2210 Quartzite Dr, Sturgis, SD 57785
      View Details
    • Value Estimation by Request
      0.04 Acres

      940 Sly St

      VACANT COMMERCIAL LAND • 0.04 Acres
      940 Sly St, Sturgis, SD 57785-1631
      View Details
    • Value Estimation by Request
      0.01 Acres

      Sturgis, SD 57785

      VACANT COMMERCIAL LAND • 0.01 Acres
      Sturgis, SD 57785
      View Details

    Similar Nearby for Sale

    • $155,000

      Land For Sale Sturgis

      Land available in Sturgis, South Dakota.
      2 Pleasant Valley Rd, Sturgis, SD 57785
      View Details
    • $900,000
      3,950 SF

      Spearfish Investment Property on Acreage

      Investment property with duplex, barn, and expansion potential on 1.62 acres.
      3225 Old Belle Rd, Spearfish, SD 57785
      View Details
    • $900,000
      1.38 Acres

      Spearfish Land with Freespan Building

      Newly constructed 8,000 sqft building on 1.38 acres.
      323 Seaton Cir, Spearfish, SD 57785
      View Details
    • Contact for pricing

      Deadwood Cabins Investment Opportunity

      Three fully furnished cabins near Deadwood, ideal vacation rentals.
      20824 Majestic Heights Rd, Sturgis, SD 57785
      View Details
    • $8,980,000

      Commercial Land For Sale

      Commercial land available, located approximately 11 miles east of Sturgis.
      20168 137Th Pl, Sturgis, SD 57785
      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.
    Boulder Creek Rd
    Sturgis, SD 57785
    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
    Boulder Creek Rd, Sturgis, SD, 57785
    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!