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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    36 6th St Custer, SD 57730-1622

    • Commercial real estate
    • 1,100 SF
    • 0.07 lot acres
    OFF-MARKET
    Value Estimations
    $255,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0521822
    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

    • Commercial real estate

    Property Details for 36 6th St

    Year built
    1900
    Lot size
    0.07 lot acres
    Property size
    1,100 SF
    Property type
    Commercial real estate
    APN
    7976
    APU
    7976

    Description

    This exceptional commercial property, located at 36 N 6TH ST, Custer, SD, presents a lucrative investment opportunity. Situated just half a block from the bustling Mt. Rushmore Road, Custer's main business district, this retail building enjoys high visibility and convenient access. The 0.03-acre lot includes alley access, a side parking lot, and ample street parking for customers and employees. Currently operating as a floral shop, the building's versatile layout has also accommodated office use in the past. The interior features a cooler room, a dedicated office space, a restroom, and a spacious work area, offering flexibility for a variety of businesses. The property boasts a strong rental history, currently leased at $1800 per month with the tenant responsible for utilities. Significant improvements have been made in recent years, including a new membrane roof (2023), new gutters, and a new water heater. Previous owners completed extensive remodeling, updating windows, flooring, and other key features. The building benefits from efficient climate control, utilizing mini-split systems for cooling and heating, supplemented by baseboard heating. While the current lease runs until April 2025, the sale can be finalized at any time, making this an attractive option for immediate or future investment.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $315,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $197,000
      Market price range: $70.3k - $217k

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

    Location Insight

    • Map
    • Local Demand
    City
    Custer
    County
    Custer
    State
    South Dakota
    Longitude
    -103.599
    Latitude
    43.7674

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,582
    $32,994
    $143,800
    $176,794
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $295,000
      0.17 Acres

      544 Mt Rushmore Rd

      COMMERCIAL (GENERAL) • 0.17 Acres
      544 Mt Rushmore Rd, Custer, SD 57730
      View Details
    • Value Estimation
      $270,000
      1,200 SF

      Custer, SD 57730

      COMMERCIAL (GENERAL) • 1,200 SF
      Custer, SD 57730
      View Details
    • Value Estimation
      $300,000
      1,654 SF

      24939 America Ctr Rd

      COMMERCIAL (GENERAL) • 1,654 SF
      24939 America Ctr Rd, Custer, SD 57730
      View Details
    • Value Estimation
      $275,000
      2,016 SF

      12220 Aviation Way, Unit 6

      COMMERCIAL (GENERAL) • 2,016 SF
      12220 Aviation Way, Custer, SD 57730-9205
      View Details
    • Value Estimation
      $410,000
      6,100 SF

      648 Mt Rushmore Rd

      COMMERCIAL (GENERAL) • 6,100 SF
      648 Mt Rushmore Rd, Custer, SD 57730-2031
      View Details
    • Value Estimation
      $570,000
      18,360 SF

      310 Mt Rushmore Rd

      COMMERCIAL (GENERAL) • 18,360 SF
      310 Mt Rushmore Rd, Custer, SD 57730-1938
      View Details

    Similar Nearby for Sale

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    • Contact for pricing
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      Custer Commercial Lots - High Visibility

      Prime Custer location, two lots, high traffic.
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    • $355,000
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      Custer Commercial Land - $355K

      High-traffic Custer commercial lot, 0.56 acres.
      631 Mount Rushmore Rd, Custer, SD 57730
      View Details
    • $274,900
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      Custer Land with Expansive Views

      7.5-acre lot with access to thousands of acres.
      11675 Cyn Rim Rnch, Custer, SD 57730
      View Details

    Similar Nearby for Lease

    • $1,950 /Mo
      1,000 SF

      Retail Space in Downtown Custer

      High-visibility retail space available in downtown Custer, ready February 2026.
      17 N 5Th St, Custer, SD 57730
      View Details
    • $2,450 /Mo
      1,525 SF

      Downtown Custer Executive Suites

      Historical commercial space with private offices and kitchenette available for rent.
      449 Mt. Rushmore Rd, Custer, SD 57730
      View Details
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    36 6th St
    Custer, SD 57730-1622
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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.

    More about this property
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