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Listing Agency: RE/MAX RESULTS t***@hotmail.com

Listed By: CHEYENNE MCGRIFF · License #17453 Show Phone

Source: Exprealty

Added: May 25 Changed: Oct 15 Last Checked: Oct 15 at 12:55AM

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Investment Insights

Based on property information with market context.

Red Rock Restaurant is a 10,756-square-foot restaurant property at 506 Glenn St in Wall, South Dakota. The building includes a main dining room, full bar with rail seating, four restrooms, two offices, additional upper-level storage, and a pet-friendly outdoor patio with covered seating. A heated bonus venue adds space for events, reunions, and other gatherings, while three garage doors support future expansion of that area.

The sale includes all furniture, fixtures, and equipment. Kitchen improvements include a pressure fryer, toasters, ventilated fire-suppression system, walk-in cooler, and connected walk-in freezer. The property sits along a main Wall thoroughfare, a short distance from downtown and Wall Drug Store, with access to Badlands National Park nearby.

Key Highlights

• 10,756‑square‑foot restaurant property at 506 Glenn St, Wall, SD 57790
• Sale includes all furniture, fixtures, and equipment
• Main dining area seats 46, with capacity stated at up to 55 guests

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$54,910

Cap Rate

5.50%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,098,200 $1.1M

Cap Rate 7%

$784,429 $784.4K

Cap Rate 9%

$610,111 $610.1K

Is this asking price fair?

Market Conditions

NOI Build-Up for 10,756 SF

Gross rent

$83.9K $7.80/SF

− Vacancy

−$5.5K −$0.51/SF

EGI

$78.4K $7.29/SF

− OpEx

−$23.5K −$2.19/SF

NOI

$54.9K $5.11/SF

Area

Pennington County, SD

Vacancy

6.50%

Lease Rate

$7.80 /SF/Yr

Expense Ratio

30.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$1,098,200

Cap Rate 7%

$784,429

Cap Rate 9%

$610,111

Alternative Uses

Best Use

Specialty Retail

$1.95M

$1.71M – $2.27M (±1% cap)

NOI $136,494 @ 7.0% cap · market cap 13.66%

Second Best

Industrial

$784.4K

$686.4K – $915.2K (±1% cap)

NOI $54,910 @ 7.0% cap · market cap 5.50%

Theoretical Best

—

—

same as Best Use

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

Property Analytics

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Current Use

Conventional restaurants

Suggested Use

Top Pick HVAC Service (Bike/Boat/Book/etc) Store Auto Repair Shop Storage Facility Dental Office Big Box & Wholesale Store

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

185

Businesses Nearby

16k

Monthly Visits Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Foot Traffic Nearby

Shops & Services 84% Hotels & Casinos 11% Home Improvements & Furnishings 6%

Exxon Shops & Services

7,501 visits/mo 0.3 miles

Phillips 66 Shops & Services

2,727 visits/mo 0.2 miles

Conoco Shops & Services

2,501 visits/mo 0.3 miles

Wall Building Center & Construction Home Improvements & Furnishings

957 visits/mo 0.3 miles

First Interstate Bank Shops & Services

905 visits/mo 0.2 miles

Demographics for 57790, SD

1,056

Population

512

Households

2.1

Avg Household Size

42

Median Age

24%

College-Educated

98%

High-School Grad

735.9 sq mi

ZIP Area

1

Density / Sq Mi

$73,077

Median Household Income

$38,750

Median Earnings

$532

Median Rent

$187,500

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Conventional restaurant - Established restaurant property with furnished dining, a full bar, equipped kitchen, patio seating, and a heated gathering space.

Where is this conventional restaurant located?

The property is located at 506 Glenn St Wall, SD.

What is the asking price?

The asking price for this property is $999,000.

What are key features of this property?

This property features: 10,756‑square‑foot restaurant property at 506 Glenn St, Wall, SD 57790; Sale includes all furniture, fixtures, and equipment; Main dining area seats 46, with capacity stated at up to 55 guests