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288 S 14 De Smet, SD 57231

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For Sale
$2,100,000

37-room hotel with indoor pool and manager's apartment.

Building Details

Year built
2002

Source: Dale Zomer Agent Dale Zomer

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

37-Room Hotel with Apartment

The property features 37 rooms and an apartment for the manager. An indoor pool is available. Online reviews indicate a rating of 4.2 on Google. The listing price is $2,100,000. The price per room is $53,846. The Gross Rent Multiplier (GRM) is 3.36 times. The Average Daily Rate (ADR) is $109.70. The price per square foot is $23.18. Real estate taxes are $22,000. The projected revenue for 2025 is $600,000, and the cap rate is 10%.
Location Intelligence

Current Use by Public Records

Hotels

Map

City
De Smet
County
Kingsbury
State
South Dakota
Longitude
-97.5874
Latitude
44.368

FAQs

What type of property is this?
Hotel - 37-room hotel with indoor pool and manager's apartment.
Where is this hotel located?
The property is located at 288 S 14 De Smet, SD.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - High Cap Rate: 10% indicates strong potential for return on investment; - Manager's Apartment: On-site manager's apartment provides convenient oversight; - Indoor Pool: Attractive amenity enhancing guest experience
More about this property
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