Custer's newest AND oldest campground
Custer, SD
Asking price
$1,399,000
Sites
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Cap rate
—
Price / site
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About this property
***NEW LISTING*** GOLD VALLEY CAMP is Custer's newest AND oldest campground . . . a wonderful camping destination located just half a mile from the west entrance to Custer State Park and only 3 miles from the town of Custer, in the scenic Black Hills of South Dakota. On 4.5 acres, this historic site, where General Custer and the 7th Cavalry discovered gold in 1874, offers a blend of rich history and natural beauty. Its strategic location near iconic landmarks like Mount Rushmore (21 miles), Crazy Horse Memorial (7 miles), and Stockade Lake (1/2 mile) make it an ideal choice for history buffs and outdoor enthusiasts. It's even right next to the Mickelson Trail for convenient hiking and biking. Gold Valley Camp has 20 NEW spacious, 20/30/50 AMP all-gravel RV sites - no dead grass - with all-new water and sewer lines. A shower house and dump station, 5 new fully-equipped deluxe cabins and one loft rental, all with A/C and heat. Plus a new pavilion and an event tent! A full commercial kitchen is still in place for potential additional income, as well as a 1-barrel nano-brewery! New laundry/garage with bathrooms (and loft cabin), new well and water station with chlorinator. New large septic system, several more on site, borders USFS lands, captive audience to all the traffic coming and going from Custer and Custer State Park. Custer has tons of services, including a: new hospital tied to the Mayo Clinic, county seat, K-12 school, great amenities, restaurants, and shops. SD has no state income tax
All details
Figures are transcribed from the source listing as published. “Source page last checked” is when our crawler last fetched that page — it is not a check of the financials and not confirmation from the broker.
| Asking price | $1,399,000 |
|---|---|
| First seen by UnitListed | Sep 6, 2026 |
| Source page last checked | Oct 24, 2026 |
Before you call the broker
8 things are not disclosed on this listing. These are the questions that would close the gap — specific to a park, not a generic list.
Net operating income — not disclosed
What is the trailing twelve-month NOI, and what does it include and exclude?
The single number a lender will size debt against. Ask what is excluded — management fees and reserves are the usual omissions.
What period the financials cover — not disclosed
Are these figures trailing twelve months, last calendar year, or projected?
A projected stabilised NOI and a current operating NOI can differ by a third, and both get called "NOI".
Gross income and operating expenses — not disclosed
Can you share a trailing twelve-month profit and loss, with the expense lines itemised?
NOI alone hides whether income is high or expenses are being under-reported. The split is what you underwrite.
Reason for sale — not disclosed
Why is the owner selling, and how long have they held it?
Never published on a listing, always worth knowing. Retirement and a looming capital bill are very different situations.
Site count and hookup mix — not disclosed
How many sites are there, and how many are full-hookup, partial or tent?
Full-hookup sites earn a multiple of what a tent site does. The count alone does not tell you the income.
Operating season and seasonal mix — not disclosed
Is this year-round or seasonal, and what is the split between seasonal, monthly and transient guests?
A seasonal park with a five-month window is a different business from a year-round one at the same annual revenue.
Utility infrastructure — not disclosed
Are water, sewer and electric municipal or private, and what condition is the infrastructure in?
A private septic or well at end of life is a capital item that can exceed a year of NOI, and it will not appear in the expenses.
Permits and non-conforming use — not disclosed
Is the current site count permitted, and is any of it legal non-conforming?
A park operating more sites than it is permitted for cannot be financed at the income it shows.
Asking price — disclosed
Currency of the asking price — disclosed
Whether the land is included — disclosed
What has changed
Every date below is when we observed a change, not when it happened. We first saw this listing on Sep 6, 2026; that is not the same as when it came to market, and we have no way to know the latter.
- Sep 6, 2026First seen by UnitListed
The asking price has not changed across any of our observations.
