Property profile

606 5Th St Brookings, SD 57006

OFF-MARKET
Specialty properties
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional commercial property, located at 606 5th St, Brookings, SD 57006, presents a unique investment opportunity. Priced at $500,000, this special-purpose property consists of over 19,000 square feet of versatile indoor court space, ideal for a wide range of recreational activities. The expansive area provides ample room for various sports and year-round use, regardless of weather conditions. The property is designated as commercial land and offers significant potential for entrepreneurs seeking to establish an indoor recreation center. Showings for this property will commence on November 19th, 2024, by appointment only. All offers will be reviewed at the Brookings School District Regular Board Meeting on January 13th, 2024. This is a rare chance to acquire a substantial indoor space with high potential for return on investment in a thriving community. The property's prime location in Brookings County, South Dakota, ensures excellent visibility and accessibility. Don't miss this opportunity to own a unique and versatile commercial property. Serious inquiries are encouraged to schedule a viewing promptly.

Property profile

Verified
Property type Specialty properties

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Park Playground
  • Gym & Fitness Center

Location

606 5Th St Brookings, SD 57006
Brookings metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 606 5Th St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message