Property profile

21981 Rochford Rd Lead, SD 57754

OFF-MARKET
Other commercial real estate
2,152 SF 18.34 ac lot Built 1986
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Property summary

AI-generated overview

Carsten Cottages is a campground and lodging property in the Northern Black Hills on more than 18 acres, featuring four dry cottages, a shower house, and four RV sites. The grounds include a pavilion with a commercial kitchen, outdoor sitting areas and a covered picnic area located by North Fork Rapid Creek, and two ponds alongside a large level meadow. The Mickelson Trail runs along the front of the property, and USFS land borders the back. A renovated main home with additions is present on-site and includes a hot tub, an endless swimming pool, and a private outdoor relaxation area separated from the camping zones. Additional improvements include two large shop buildings (one with heating and a concrete slab, the other with a gravel floor), a barn, and multiple outbuildings suited for animals. The property has an asphalt driveway, multiple patios and decks, direct access to adjacent USFS lands for horse enthusiasts, an ample water supply from the creek, and a Generac backup generator.

Property profile

Verified
Property type Other commercial real estate
Year built 1986
Total area 2,152 SF
Lot 18.34 ac (798,890 SF)

Cap rate & NOI

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

Location

21981 Rochford Rd Lead, SD 57754
Lead metro
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Value estimations

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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
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