I have a set of 4 TRD Sport rims off of a 2003 4Runner. I bought them with the thought of cleaning them up and putting them on my truck, but decided to stay with 16" rims since I have a new set of Bridgestones on the truck.
These were bubbled up pretty bad on the inside spokes (like a lot of the TRD Sports do.), but I sanded, primed (2 coats), painted (3 coats) and clear-coated(2 coats) the spokes. It is not perfect, but at more than two feet I challenge you to find the imperfections.
I did nothing to the surface part of the rims (I was going to Plasti-Coat them). They have marks where the weights were, rock marks and other imperfections/scuff marks. Some could probably be buffed out, but others are pretty deep (that's why I was going to Plasti-Coat).
If you are looking for show-room condition rims - keep looking. But if you are looking for a small project here you go.
Sorry to be long-winded but I wanted to be as accurate as I could so there are no surprises. Prefer local pickup but will considering shipping on your dime.
If I am off base on the $$$, feel free to shoot me a PM - you won't hurt my feelings.