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    1724 Rustler Cir Spearfish, SD 57783
    Property profile & analytics

    1724 Rustler Cir, Spearfish, SD 57783

    View on Map
    • Residential income homes
    • 4,256 SF
    Off-Market
    Property ID
    US79-0378163
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Residential income homes

    Property Details for 1724 Rustler Cir

    Year built
    2006
    Property type
    Residential income homes

    Description

    This exceptional 5-bedroom, 5-bathroom multifamily property, located at 1724 Rustler Circle in Spearfish, South Dakota, presents a unique investment opportunity. Built in 2006, this move-in ready home boasts over 4,256 square feet of living space and commands breathtaking panoramic views of Crow Peak and Spearfish Mountain. The interior features spacious living areas, a gourmet kitchen equipped with luxury quartz countertops and custom cedar accents, and upgraded air quality systems for year-round comfort. A high-efficiency multistage furnace/AC and tankless water heater ensure energy efficiency. The recently finished basement adds significant living space, including a large bedroom, a spacious movie/game room complete with a wet bar, and an updated laundry room. Elegant details throughout the home include updated light fixtures, featuring lead crystal chandeliers and Tiffany-stained glass. A wood-burning stove graces the living room, while the master suite offers the added luxury of a built-in biofuel fireplace. Outdoor amenities include an expanded deck with a pergola, and the property also features a variety of mature fruit-bearing trees and bushes. This property is ideally situated near downtown Spearfish, providing a perfect blend of peaceful tranquility and convenient access to urban amenities. The asking price is $781,999. This property has been appraised well above the asking price.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.831817
    Latitude
    44.4853388

    Comparable in this City

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      Spearfish 5-Plex Investment Opportunity

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    • $575,000
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      Spearfish Duplex Opportunity with Garages

      Duplex opportunity near Spearfish with garages and spacious pole barn.
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      Turnkey Motel/Airbnb Investment Opportunity

      20-unit motel/Airbnb with development potential in Spearfish, SD.
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    Similar Nearby for Sale

    • $900,000
      1.62 Acres

      Spearfish Land with Income Potential

      1.62 acres with barn, duplex, and expansion possibilities.
      3225 Old Belle Rd, Spearfish, SD 57783
      View Details
    • $2,200,000
      8,685 SF

      Spearfish Multifamily Investment

      31-Unit Apartment Complex, High Demand
      230 Main St, Spearfish, SD 57783
      View Details
    • $1,599,000
      1.62 Acres

      Spearfish Mixed-Use Investment Opportunity

      Successful business and investment property on 1.62 acres near Exit 8.
      3225 Old Belle Rd, Spearfish, SD 57783
      View Details
    • $659,000
      4,305 SF

      Spearfish 5-Plex Investment Opportunity

      Five-unit apartment building in downtown Spearfish with high occupancy.
      314 5Th St, Spearfish, SD 57783
      View Details
    • $575,000
      3,782 SF

      Spearfish Duplex Opportunity with Garages

      Duplex opportunity near Spearfish with garages and spacious pole barn.
      262 Upper Valley Rd, Spearfish, SD 57783
      View Details
    • $1,700,000
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      Turnkey Motel/Airbnb Investment Opportunity

      20-unit motel/Airbnb with development potential in Spearfish, SD.
      450 W Kansas St, Spearfish, SD 57783
      View Details

    Similar Nearby for Lease

    • $2,100 /Mo
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      Modern Industrial Building in Spearfish

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      Spearfish Retail Space For Rent

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    • 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
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    Spearfish, SD 57783
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    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.

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