2004 Rand RdRapid City, SD 57702

Property Details for 2004 Rand Rd

Year built

1983

Lot size

1.01 AC

Property size (Sq ft)

5,250 SF

Property type

Warehouses

Property subtype

Self storage facilities

APN

20-27-177-005

APU

2027177005

Description

This exceptional business opportunity presents a thriving landscaping and curbing company located at 2004 Rand Rd, Rapid City, SD 57702. Priced at $449,900, this sole proprietorship offers a compelling 15.78% cap rate with a projected Net Operating Income (NOI) of $71,000 in 2024. The business boasts a strong foundation built on numerous recurring commercial landscaping contracts, ensuring a consistent revenue stream. All equipment and inventory, valued at over $250,000, are included in the sale, providing a complete turnkey operation ready for immediate takeover. The current owner is willing to provide training to ensure a smooth transition for the new owner. This presents a significant advantage, minimizing the learning curve and maximizing the potential for continued success. Financial details and contracts will be shared upon execution of a Non-Disclosure Agreement (NDA) and verification of sufficient funds for purchase. The business demonstrates significant growth potential, making it an attractive investment for an owner-user seeking a profitable and established enterprise in the Rapid City market. The projected NOI is based on current contracts signed early in the landscaping season and is expected to increase as the year progresses. This is a rare opportunity to acquire a well-established, profitable business with significant assets and a strong client base.

• Alternative Use

  Use

  Valuation

  Residential

  $1,435,754

  Hospitality

  $1,315,143

  Educational

  $1,094,184

  Medical

  $1,131,814

  Retail

  $1,702,064

Location Insight

City

Rapid City

County

Pennington

State

South Dakota

Latitude

44.1042

Longitude

-103.264

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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