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    625 Flormann St Rapid City, SD 57701

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    For Sale
    $1,049,000

    Single tenant NNN investment property in Rapid City medical corridor.

    Property size:
    5,527 SF
    Lot size:
    0.57 Acres

    Property Features for 625 Flormann St

    General Information

    Size
    5,527 SF
    Lot size
    0.57 Acres

    Source: KW Black Hills Agent Chris Long

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

    Overview

    Rapid City Medical Corridor Property

    This single-tenant property is located in the Rapid City medical corridor. The building underwent an extensive remodel in 2019, followed by a full basement renovation in 2023. The current business has occupied the building since 2019 and remodeled it specifically for their use. The building is equipped with an interior and exterior video surveillance system, a remote-controlled heating/cooling system, and an air purifying system installed throughout the entire building. Access is controlled by a key card entry system with an ADA push plate. The 5527-square-foot building includes a fully functioning vault, 4 large offices, 4 consultation rooms, 3 restrooms, and a kitchenette. It also features a basement and a parking lot with 20 spots.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sarah Schryvers Nurse Practitioner Dr. Kendra Joswiak Nurse Practitioner C U Mortgage ... Mortgage Lender Project Recovery Addiction Treatment Center Michelle Wasson Physician Assistant

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Similar Places Nearby

    Noah's Ark Animal Hospital, LLC

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.229635
    Latitude
    44.0642182

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    FAQs

    What type of property is this?
    Medical office - Single tenant NNN investment property in Rapid City medical corridor.
    Where is this medical office located?
    The property is located at 625 Flormann St Rapid City, SD.
    What is the asking price?
    The asking price for this property is $1,049,000.
    What are key features of this property?
    This property features: - Single tenant NNN investment property; - Well located in the Rapid City medical corridor; - Extensive building remodel in 2019 and full basement renovation in 2023
    (605) 939-4489
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    625 Flormann St Rapid City, SD 57701
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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
    625 Flormann St Rapid City, SD 57701
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