Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    3225 Old Belle Rd Spearfish, SD 57785

    • Industrial properties
    • 0.10 lot acres
    For Sale
    View listing
    $900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0297897
    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.

    Current Use by Public Records

    • Startz & Startz Landscaping, Inc. / Landscaper / Landscape Designer

    Property Details for 3225 Old Belle Rd

    Lot size
    0.10 lot acres
    Property type
    Industrial properties

    Description

    This exceptional investment opportunity encompasses a thriving business and substantial real estate holdings in Spearfish, South Dakota. Situated on a 0.1-acre lot conveniently located near Exit 8, a high-growth area, the property offers significant potential for expansion. The main structure is a versatile barn/office/storage building, ideal for various commercial uses. Adding to the income stream is an updated duplex rental property, featuring two separate 2-bedroom, 1-bathroom units. A large storage shed provides ample space for equipment and materials. The expansive land offers room for future construction, allowing for business growth and diversification. Included in the sale are two established businesses: Red Barn Property Management, LLC, and Startz and Startz Landscaping Inc. Startz and Startz Landscaping Inc. is a well-regarded landscaping and design contractor in the Northern Black Hills, offering a comprehensive range of services including sprinkler system installation and maintenance, grading, seeding, sodding, retaining wall construction, patio and pond creation, planting, snow removal, and more. The high demand for their services presents a clear path for significant business expansion under new ownership. This unique offering presents a rare chance to acquire both established businesses and a valuable commercial property in a rapidly developing area. The combination of rental income, established businesses, and ample land makes this an attractive investment with considerable upside potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Spearfish
    County
    Lawrence
    State
    South Dakota
    Longitude
    -103.8907
    Latitude
    44.51928

    Comparable in this City

    • $1,400,000
      9,600 SF

      Spearfish Industrial Building For Sale

      Commercial building with tenants, expansion potential, located off I-90.
      3103 E Fairgrounds Loop, Spearfish, SD 57783
      View Details
    • $1,195,000
      0.18 Acres

      Spearfish Industrial Freespan Building

      Spacious Industrial Building - Ready for Business
      323 Seat, Spearfish, SD 57783
      View Details
    • $525,000
      2,100 SF

      New Multi-Use Industrial Building

      State-of-the-art industrial building with flexible space options for sale.
      3170 Venture Ct, Spearfish, SD 57783
      View Details
    • Contact for pricing

      Spearfish Light Industrial Space

      1950 sq ft, $1950/month, Immediate Occupancy
      3308 Fairgrounds Loop, Spearfish, SD 57783
      View Details
    • $5,000,000
      63,000 SF

      Iconic Spearfish Commercial Building

      Historic Kelley Block: Prime Retail & Residential
      604 Main St, Spearfish, SD 57783
      View Details
    • $429,000
      2,486 SF

      Spearfish Townhouse Near University

      Three-bedroom, three-bath townhouse near Black Hills State University.
      813 University St, Spearfish, SD 57783
      View Details

    Similar Nearby for Sale

    • $1,400,000
      9,600 SF

      Spearfish Industrial Building For Sale

      Commercial building with tenants, expansion potential, located off I-90.
      3103 E Fairgrounds Loop, Spearfish, SD 57783
      View Details
    • $1,195,000
      0.18 Acres

      Spearfish Industrial Freespan Building

      Spacious Industrial Building - Ready for Business
      323 Seat, Spearfish, SD 57783
      View Details
    • $525,000
      2,100 SF

      New Multi-Use Industrial Building

      State-of-the-art industrial building with flexible space options for sale.
      3170 Venture Ct, Spearfish, SD 57783
      View Details
    • $3,500,000
      12.73 Acres

      Spearfish Commercial Development Land

      High-visibility I-90 Exit 14 site.
      1St Ave, Spearfish, SD 57783
      View Details
    • $2,200,000
      0.20 Acres

      Spearfish Multi-Family Investment Opportunity

      High-yield, 31-unit apartment complex in prime location.
      230 Main St, 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

    Similar Nearby for Lease

    • $2,100 /Mo
      2,100 SF

      Modern Industrial Building in Spearfish

      New 12,600 sqft industrial building with flexible space options.
      3170 Venture Ct, Spearfish, SD 57783
      View Details
    • $1.00 SF/Yr

      Spearfish Flex Space For Lease

      Flex/Industrial/Warehouse space available for lease in Spearfish, South Dakota.
      4415 E Colorado Blvd, Spearfish, SD 57783
      View Details
    • $24 SF/Yr
      8,673 SF

      The Point on Main Street

      Downtown Spearfish Office Space
      344 Main St, Spearfish, SD 57783
      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.
    3225 Old Belle Rd
    Spearfish, 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

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.