Remodeled Flex Space with
For Sale
Contact for pricing
1140 Deadwood Ave, Rapid City, SD 57702
The updated layout pairs private offices and a lobby with a separate area for adaptable work functions.
Property Size2,000 SF
Days on Market88
Property Features for 1140 Deadwood Ave
General Information
Standard status
Active
Size
2,000 SF
Amenities
private offices
lobby
flex space
Listing Agency:
THE REAL ESTATE GROUP, INC.
Listed By:
TERESA LARSON
(605) 431-6156
Source:
Exprealty
Added: Aug 11
Changed: Nov 2
Last Checked: Nov 4 at 4:13PM
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 THE REAL ESTATE GROUP, INC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Unit 1 is a remodeled 2,000-square-foot flex property at 1140 Deadwood Ave in Rapid City. Its layout includes five private offices, a lobby, and a 31' x 34' flex area.
Unit 1 may be combined with Unit 3, which provides more than 3,700 square feet of lower-level warehouse space. Together, the units offer office, flex, and warehouse areas within the same property.
Unit 1 may be combined with Unit 3, which provides more than 3,700 square feet of lower-level warehouse space. Together, the units offer office, flex, and warehouse areas within the same property.
Key Highlights
- Remodeled 2,000‑square‑foot Unit 1
- Five private offices and a lobby
- 31' x 34' flex area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,210
Suggested Prices Based on Cap Rates
Cap Rate 5%
$204,200
$204.2K
Cap Rate 7%
$145,857
$145.9K
Cap Rate 9%
$113,444
$113.4K
Market Conditions
NOI Build-Up for 2,000 SF
Gross rent
$15.6K $7.80/SF
− Vacancy
−$1.0K −$0.51/SF
EGI
$14.6K $7.29/SF
− OpEx
−$4.4K −$2.19/SF
NOI
$10.2K $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%
$204,200
Cap Rate 7%
$145,857
Cap Rate 9%
$113,444
Alternative Uses
Best Use
Flex RnD
$250.7K
$219.4K – $292.5K
NOI $17,550 @ 7.0% cap · market cap 1,755,000.00%
Second Best
Industrial
$145.9K
$127.6K – $170.2K
NOI $10,210 @ 7.0% cap · market cap 1,021,000.00%
Theoretical Best
Specialty Retail
$362.6K
$317.3K – $423.0K
NOI $25,380 @ 7.0% cap · market cap 2,538,000.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
365
Businesses Nearby
Well-served
Demand for This Use
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The updated layout pairs private offices and a lobby with a separate area for adaptable work functions.
Where is this flex space located?
The property is located at 1140 Deadwood Ave Rapid City, SD.
What are key features of this property?
This property features: Remodeled 2,000‑square‑foot Unit 1; Five private offices and a lobby; 31' x 34' flex area
