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    865 N Valley Dr Rapid City, SD 57703

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    For Sale
    $777,110

    Strategically positioned commercial lot in a rapidly growing corridor.

    Lot size:
    4.46 Acres

    Property Features for 865 N Valley Dr

    General Information

    Lot size
    4.46 Acres

    Source: NorthStar Realty Agent Shana Morgan

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Commercial Lot in Rapid City

    This is a commercial lot located in a fast-growing corridor of Rapid City. The lot is a planned approximately 4.46-acre subdivision of a larger parcel. The property is currently zoned MDR, but is in the process of rezoning to General Commercial, offering flexibility for retail, hospitality, service, or mixed-use development. The site is located just off Interstate 90, providing visibility and access. It is situated moments from Rushmore Crossing, a regional retail destination featuring Target, Sam's Club, and other national and regional anchors.
    Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Nail Salon Clothing Store Gym & Fitness Building Supply Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.1726575
    Latitude
    44.0763343

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    FAQs

    What type of property is this?
    Commercial land - Strategically positioned commercial lot in a rapidly growing corridor.
    Where is this commercial land located?
    The property is located at 865 N Valley Dr Rapid City, SD.
    What is the asking price?
    The asking price for this property is $777,110.
    What are key features of this property?
    This property features: - Strategic location in one of Rapid City's fastest-growing corridors.; - Excellent visibility and access directly off Interstate 90.; - Proximity to Rushmore Crossing, a major regional retail destination.
    (970) 371-4489
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    865 N Valley Dr Rapid City, SD 57703
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    865 N Valley Dr Rapid City, SD 57703
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