Flex Space with
For Sale
Contact for pricing
1104 Jackson Blvd, Rapid City, SD 57702
Office and open work areas connect to a dedicated shop with equipment access and rear parking.
Property Size3,120 SF
Days on Market220
Property Features for 1104 Jackson Blvd
General Information
Standard status
Active
Size
3,120 SF
Amenities
overhead doors
floor drain
large storefront windows
existing signage
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
DAN LOGAN · License #20325
(605) 593-7980
Source:
Exprealty
Added: Apr 1
Changed: Nov 4
Last Checked: Nov 4 at 3:03PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KELLER WILLIAMS REALTY BLACK HILLS
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Investment Insights
Based on property information with market context.
This 3,120-square-foot flex property pairs reception, private offices, and open workspace with a separate workshop and storage area. The shop has two overhead doors measuring 8’ x 8’ and 8’ x 9’, a floor drain, and 200A, 240V power. Storefront windows and existing signage face Jackson Blvd in Rapid City. Rear off-street parking serves the property.
The west-side corridor location records 17,805 VPD. The office and shop components provide distinct work areas within a single property.
The west-side corridor location records 17,805 VPD. The office and shop components provide distinct work areas within a single property.
Key Highlights
- 3,120 SF with reception, private offices, open workspace, workshop, and storage
- Two overhead doors: 8’ x 8’ and 8’ x 9’
- Workshop includes a floor drain and 200A, 240V power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,928
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,560
$318.6K
Cap Rate 7%
$227,543
$227.5K
Cap Rate 9%
$176,978
$177.0K
Market Conditions
NOI Build-Up for 3,120 SF
Gross rent
$24.3K $7.80/SF
− Vacancy
−$1.6K −$0.51/SF
EGI
$22.8K $7.29/SF
− OpEx
−$6.8K −$2.19/SF
NOI
$15.9K $5.11/SF
Area
Pennington County, SD
Vacancy
6.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$318,560
Cap Rate 7%
$227,543
Cap Rate 9%
$176,978
Alternative Uses
Best Use
Retail
$516.7K
$452.1K – $602.8K
NOI $36,167 @ 7.0% cap · market cap 3,616,700.00%
Second Best
Flex RnD
$391.1K
$342.2K – $456.3K
NOI $27,378 @ 7.0% cap · market cap 2,737,800.00%
Theoretical Best
Specialty Retail
$565.6K
$494.9K – $659.9K
NOI $39,593 @ 7.0% cap · market cap 3,959,300.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,187
Businesses Nearby
Balanced
Demand for This Use
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Business Placement
Demographics for 57702, SD
33,162
Population
16,786
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
98%
High-School Grad
285.8 sq mi
ZIP Area
116
Density / Sq Mi
$85,700
Median Household Income
$44,214
Median Earnings
$1,209
Median Rent
$341,400
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Allied With Animals — 2332 W Main St, Rapid City, SD 57702
- Old School Sliders — 2120 west main st. Suite 4 2725 Lemay Blvd Ellsworth AFB, Rapid City, SD 57701
Frequently Asked Questions
What type of property is this?
Flex space - Office and open work areas connect to a dedicated shop with equipment access and rear parking.
Where is this flex space located?
The property is located at 1104 Jackson Blvd Rapid City, SD.
What are key features of this property?
This property features: 3,120 SF with reception, private offices, open workspace, workshop, and storage; Two overhead doors: 8’ x 8’ and 8’ x 9’; Workshop includes a floor drain and 200A, 240V power
