Listing Agency: 5 Pillars Realty t***@cbcmontana.com Show Phone

Listed By: Shaylee Green, CCIM · License #90045

Source: Crexi

Added: Apr 11 Changed: Aug 30 Last Checked: Aug 30 at 1:12PM

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Investment Insights

Based on property information with market context.

This five-property assisted living portfolio comprises 74 units and 83 beds across facilities in South Dakota. The operating mix includes 66 assisted living units with 75 beds and 8 independent living units with 8 beds. The portfolio also includes an identified opportunity for memory care use.

The properties are located in Sturgis, Lead, and Pierre, with the Pierre asset at 3800 Airport Rd. Current cap rate is reported at 10%.

Key Highlights

• Five‑property assisted living portfolio with 74 units and 83 beds
• Assisted living component includes 66 units and 75 beds
• Independent living component includes 8 units and 8 beds

Property Analytics

Current Use

Assisted living facilities

Suggested Use

Top Pick Building Supply HVAC Service Electrical Service Storage Facility Bakery Parking Lot & Garage

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

74

Residential units

Location Intelligence

Trade Area within ½ mile

49

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 57501, SD

17,083

Population

7,851

Households

2.2

Avg Household Size

40

Median Age

36%

College-Educated

96%

High-School Grad

564.1 sq mi

ZIP Area

30

Density / Sq Mi

$79,224

Median Household Income

$45,602

Median Earnings

$933

Median Rent

$222,600

Median Home Value

Market

Vacancy Rate% for Multifamily in Midwest region

6.5% 2022

7.5% 2023

7.8% 2024

8% 2025

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Frequently Asked Questions

What type of property is this?

Assisted living facility - Five-property portfolio includes 74 units and 83 beds across assisted living and independent living accommodations.

Where is this assisted living facility located?

The property is located at 3800 Airport Rd Pierre, SD.

What are key features of this property?

This property features: Five‑property assisted living portfolio with 74 units and 83 beds; Assisted living component includes 66 units and 75 beds; Independent living component includes 8 units and 8 beds