Box Elder, SD High Income Commercial Investment Properties for Sale
Explore commercial real estate investment properties for sale in Box Elder, South Dakota Market population: 9K. Compare commercial properties across all major asset...
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12 properties found
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⭐ Featured
Strategic Oakland Investment: 5476 Vicente Way in High-Demand 94609 Zip Code
$1,200,000
Oakland
Multifamily
Cap Rate
2.70%
NOI
$32,400
Size
1,800 SF
📊 Avg Property Tax Rate For Box Elder SD Properties: 1.2400%
⭐ Featured
High-Cap-Rate Value-Add Multifamily Investment in Oakland
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,323
Size
6,104 SF
Investor Questions For Box Elder SD
Common questions from investors exploring commercial real estate in Box Elder SD.
What's the overall investment potential of Box Elder, SD?
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With a median household income of $73,419 and a relatively low poverty rate of 5.4%, Box Elder presents a stable investment market, further supported by its high health insurance coverage rate of 95.6% and short average commute time of 18.4 minutes, indicating a reliable and healthy workforce.
How does the local economy impact real estate demand?
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The top industries in Box Elder, including Public Administration, Retail Trade, and Healthcare & Social Assistance, contribute to a diverse economy, while the high employment rate of 4,517 and low poverty rate suggest a strong demand for housing, especially considering the city's ethnic diversity with 83.1% White, 8.5% American Indian or Alaska Native, and 4.2% Two or More.
What are the key factors influencing rental yields in Box Elder?
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The combination of a median property value of $193,400, median property taxes of $2,234, and a homeownership rate of 61.4% provides insight into the housing market, while the low poverty rate of 5.4% and high health insurance coverage of 95.6% indicate a stable tenant base, potentially leading to attractive rental yields.
How does the commute and transportation infrastructure affect the quality of life for residents?
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The short average commute time of 18.4 minutes, primarily driven by individuals who drove alone (84.2%) or carpooled (8.2%), highlights an efficient transportation system, contributing to a high quality of life, which is further enhanced by the high health insurance coverage rate and low poverty rate, making Box Elder an attractive location for residents and thus, a promising investment opportunity.
What role does ethnic diversity and income inequality play in the local real estate market?
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The ethnic diversity in Box Elder, with top ethnicities including White, American Indian or Alaska Native, and Two or More, alongside an income inequality GINI coefficient of 0.39, suggests a relatively balanced community, which, combined with the median household income of $73,419 and low poverty rate, indicates a stable and potentially growing real estate market with a broad appeal to different demographic groups.
Box Elder SD Real Estate & City Facts
Key facts and real estate information about Box Elder SD.
What are some of the best neighborhoods to live in Box Elder?
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Some of the best neighborhoods to live in Box Elder include the City Center neighborhood, which stands out nationally for having a greater proportion of its residents active in the military, and the Northern Lights subdivision, which started construction in 2008 and is not far from Exit 61. Additionally, the west side of Rapid City, adjacent to Box Elder, is also considered a desirable place to live.
What are some fun things to do in Box Elder?
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There are several fun things to do in Box Elder, including visiting the South Dakota Air and Space Museum, exploring the Temple Baptist Church, and playing games at Jump Craze. You can also check out the attractions and places to see around Box Elder, such as Rapid City, Art Alley, and the Fort Hays Chuckwagon Supper & Cowboy Music Show. Outdoor enthusiasts can explore the beautiful scenery and enjoy activities like hiking and biking.
What is the food scene like in Box Elder?
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The food scene in Box Elder is diverse and offers a range of options, including American, Mexican, and Italian cuisine. Some popular restaurants in the area include Kang San, El Sombrero Mexican Restaurant, Ma Cualli, and The Bistro Bar. You can also find great food at The Millstone Family Restaurant, Wings and Rings, and Himalayan Kitchen. Additionally, there are some excellent breweries, like Hairy Cow Brewing Company, which offers great beer and food in a beautiful outdoor setting.
What are the pros and cons of living in Box Elder?
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The pros of living in Box Elder include its desirable neighborhoods, fun attractions, and diverse food scene. However, some cons include the fact that it is a relatively small town, which may limit job opportunities and entertainment options. Additionally, the town's proximity to Rapid City may also mean that some residents commute to Rapid City for work or other activities, which could be a pro or con depending on individual preferences. Overall, Box Elder seems to be a great place to live for those who value a close-knit community and easy access to outdoor activities.
Is Box Elder a good place to live?
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Based on the information available, Box Elder seems to be a good place to live, offering a mix of desirable neighborhoods, fun attractions, and a diverse food scene. While it may have some limitations due to its small size, the town's proximity to Rapid City and its natural beauty make it an attractive option for those who value a close-knit community and easy access to outdoor activities. Ultimately, whether or not Box Elder is a good place to live depends on individual preferences and priorities.
⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Apartment Building with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Apartment Building
Cap Rate
7.97%
NOI
$183,300
Size
0 SF
📊 Average Income For Box Elder SD Commercial Property: $73,419
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⭐ Featured
Prime Oakland Multifamily Investment: 6-Unit Property with 7.97% Cap Rate in Temescal
$2,299,999
Oakland
Multifamily
Cap Rate
7.97%
NOI
$183,324
Size
0 SF
⭐ Featured
Prime 18-Unit Multifamily Investment in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
⭐ Featured
New Construction 18-Unit Multifamily Asset in Central City, CO - 5.70% Cap Rate
$5,800,000
Central City
Multifamily
Cap Rate
5.70%
NOI
$330,380
Size
13,454 SF
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⭐ Featured
Prime Value-Add Opportunity: 8-Unit Multifamily Asset in San Fernando, CA
$1,750,000
San Fernando
Multifamily
Cap Rate
6.66%
NOI
$116,550
Size
5,040 SF
⭐ Featured
Prime Valley Village Multifamily: 48-Unit Modern Apartment Complex with 3.39% Cap Rate
$30,000,000
Valley Village
Multifamily
Cap Rate
3.39%
NOI
$1,017,000
Size
52,393 SF
⭐ Featured
Prime San Fernando Multifamily: 5-Unit Value-Add Opportunity with 7.76% Cap Rate
$1,275,000
San Fernando
Multifamily
Cap Rate
7.76%
NOI
$98,945
Size
10,888 SF
⭐ Featured
Prime Turnkey Investment: Modern 2022 Multifamily Condo in Miami's High-Growth 33127
$2,450,000
Miami
Multifamily (Condo)
Cap Rate
%
NOI
$0
Size
30,000 SF
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⭐ Featured
Prime Investment Opportunity: 1531 Green St, Philadelphia, PA - Value-Add Multifamily Asset
$1,375,000
Philadelphia
Multifamily
Cap Rate
%
NOI
$0
Size
6,624 SF
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