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    Property profile & analytics

    Tbd Villa Dr Box Elder, SD 57719

    • High-rise multifamily apartments
    • 33,719 SF
    • 8.15 lot acres
    For Sale
    View listing
    $195,349
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US79-0058453
    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

    • High-rise multifamily apartments

    Property Details for Tbd Villa Dr

    Lot size
    8.15 lot acres
    Property size
    33,719 SF
    Property type
    High-rise multifamily apartments
    APN
    22-17-333-015
    APU
    2217333015

    Value Estimations

    based on Realmo’s proprietary methodology

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $3,695,000
      RESTAURANT
      $3,605,000
      AUTO REPAIR, GARAGE
      $2,720,000
      MEDICAL BUILDING
      $2,370,000
      WAREHOUSE, STORAGE
      $1,980,000
      NEIGHBORHOOD: SHOPPING CENTER
      $1,460,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Box Elder
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.063
    Latitude
    44.1293
    CBSA code
    39660
    CBSA name
    RAPID CITY, SD METROPOLITAN STATISTICAL AREA

    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
    $116,132
    $1,239,300
    $5,883,000
    $7,122,300
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $1,400,000
      19,781 SF

      545 Northern Lgts Blvd

      HIGH-RISE APARTMENTS • 19,781 SF
      545 Northern Lgts Blvd, Box Elder, SD 57719
      View Details
    • Value Estimation by Request
      0.77 Acres

      Box Elder, SD 57719

      VACANT COMMERCIAL LAND • 0.77 Acres
      Box Elder, SD 57719
      View Details
    • Value Estimation by Request
      2,632 SF

      619 Northern Lgts Blvd

      PROFESSIONAL CLUBS/ASSOCIATIONS • 2,632 SF
      619 Northern Lgts Blvd, Box Elder, SD 57719-8804
      View Details
    • Value Estimation by Request
      980 SF

      15030 Maddalin Dr

      MOBILE COMMERCIAL UNITS • 980 SF
      15030 Maddalin Dr, Box Elder, SD 57719
      View Details
    • Value Estimation
      $1,055,000
      20,000 SF

      371 Americas Way

      MANUFACTURING (LIGHT) • 20,000 SF
      371 Americas Way, Box Elder, SD 57719-7303
      View Details
    • Value Estimation
      $2,800,000
      40,200 SF

      340 Ellsworth Rd

      MINI-WAREHOUSE, STORAGE • 40,200 SF
      340 Ellsworth Rd, Box Elder, SD 57719-2028
      View Details

    Similar Nearby for Sale

    • $12,800,000
      640.00 Acres

      640 Acres Development Opportunity

      Prime development land near Box Elder and Ellsworth Air Force Base.
      Tbd Liberty Blvd, Box Elder, SD 57719
      View Details
    • $400,000

      Land For Sale

      Land available for purchase in Box Elder, South Dakota.
      14800 Radar Hills Dr, Box Elder, SD 57719
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    • $600,000

      Land For Sale, Box Elder

      Land available in Box Elder, South Dakota.
      8 Pilot Way, Box Elder, SD 57719
      View Details
    • $800,000

      Land Available in Box Elder

      Land for sale in Box Elder, South Dakota.
      2 Pilot Way, Box Elder, SD 57719
      View Details
    • $315,810
      1.00 Acre

      Land in Prime Box Elder Location

      Centrally located land near Ellsworth Air Force Base expansion.
      Tbd Villa Dr, Box Elder, SD 57719
      View Details
    • $5,600,000
      320.00 Acres

      Prime Development Land in Box Elder

      320 acres of development land near Ellsworth Air Force Base.
      Tbd Liberty Blvd, Box Elder, SD 57719
      View Details

    Similar Nearby for Lease

    • $12 SF/Yr
      10,000 SF

      Strategic Frontage Rd Warehouse

      10,000 SF Warehouse - Box Elder
      208 Frontage Rd, Box Elder, SD 57719
      View Details
    • $1.00 SF/Yr
      16,000 SF

      New Industrial Warehouse in Box Elder

      New construction warehouse with flexible layout options in Box Elder, SD.
      4651 Seger Dr, Box Elder, SD 57719
      View Details
    • $1.00 SF/Yr
      54,450 SF

      Finished Office Space in Box Elder

      Move-in ready office space in high-traffic Box Elder strip center.
      475 Villa Dr, Box Elder, SD 57719
      View Details
    • $1.00 SF/Yr
      23,087 SF

      New Retail Space in Box Elder

      New construction retail space with drive-thru in Box Elder, SD.
      Tbd Liberty Gate Rd, Box Elder, SD 57719
      View Details
    • $12 SF/Yr
      2,000 SF

      Strategic Box Elder Warehouse Space

      2,000 sq ft Warehouse - Prime Location
      208 Frontage Rd, Box Elder, SD 57719
      View Details
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    Box Elder, SD 57719
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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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