Building Details

Year Built 1984

Listing Agency: NAI Sioux Falls

Listed By: Dale Zomer · License #SD 16458 Show Phone

Source: Crexi

Added: Mar 26 Changed: Oct 10 Last Checked: Oct 19 at 6:09AM

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Investment Insights

Based on property information with market context.

This for-sale hospitality property offers 57 keys, positioned as a straightforward motel-style lodging asset. The offering is presented as a single hospitality asset, with unit capacity defined by the 57-key count.

The property is located at 109 Main Street in Hill City, South Dakota. Its Main Street address places it directly within the town’s established commercial corridor.

With 57 keys total, the building is configured to operate as an overnight lodging business, providing an accommodation base sized for a mid-scale hospitality operation.

Key Highlights

• Hospitality property with 57 keys
• Built in 1984
• Located at 109 Main Street in Hill City, South Dakota

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$112,599

Cap Rate

4.02%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,251,980 $2.3M

Cap Rate 7%

$1,608,557 $1.6M

Cap Rate 9%

$1,251,100 $1.3M

Is this asking price fair?

Market Conditions

NOI Build-Up for 19,520 SF

Gross rent

$269.4K $13.80/SF

− Vacancy

−$32.3K −$1.66/SF

EGI

$237.1K $12.14/SF

− OpEx

−$124.5K −$6.38/SF

NOI

$112.6K $5.77/SF

Area

Pennington County, SD

Vacancy

12.00%

Lease Rate

$13.80 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,251,980

Cap Rate 7%

$1,608,557

Cap Rate 9%

$1,251,100

Alternative Uses

Best Use

Hotel Hospitality

$1.61M

$1.41M – $1.88M (±1% cap)

NOI $112,599 @ 7.0% cap · market cap 4.02%

Second Best

—

—

no second resolved use

Theoretical Best

Specialty Retail

$3.54M

$3.10M – $4.13M (±1% cap)

NOI $247,709 @ 7.0% cap · market cap 8.85%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Open Analytics

Current Use

Motels

Suggested Use

Top Pick Building Supply Plumbing Service (Bike/Boat/Book/etc) Store Dental Office Big Box & Wholesale Store Kitchen & Bath Showroom

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Turnkey business

Opportunity

Location Intelligence

Trade Area within ½ mile

231

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 57745, SD

2,078

Population

941

Households

2.2

Avg Household Size

53

Median Age

34%

College-Educated

98%

High-School Grad

385.0 sq mi

ZIP Area

5

Density / Sq Mi

$90,089

Median Household Income

$36,154

Median Earnings

$1,016

Median Rent

$323,500

Median Home Value

Similar Off Market Nearby

• Quality Inn Near Mount Rushmore — 616 Main St, Hill City, SD 57745
• EverSpring Inn & Suites — 616 Main St, Hill City, SD 57745
• Trails End Cabins & Motel — 320 Park St, Hill City, SD 57745
• Heart of the Hills Vacation — 349 Main St, Hill City, SD 57745
• McGregor & Main | Luxury Lofts — 285 Main St, Hill City, SD 57745

Frequently Asked Questions

What type of property is this?

Motel - For sale hospitality property featuring 57 keys at 109 Main Street in Hill City, South Dakota.

Where is this motel located?

The property is located at 109 Main Street Hill City, SD.

What is the asking price?

The asking price for this property is $2,800,000.

What are key features of this property?

This property features: Hospitality property with 57 keys; Built in 1984; Located at 109 Main Street in Hill City, South Dakota