Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2620 Jackson Boulevard Rapid City, SD 57702

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Office space with up to 10 private offices for lease.

    Type:IND
    Added:
    Aug 19, 2024
    Days on Market:
    598
    Last Refresh:
    Apr 3 at 4:55 am

    Property Features for 2620 Jackson Boulevard

    General Information

    Standard status
    Active
    Property subtype
    IND

    Building Details

    Year Built
    1985

    Spaces For Lease

    at 2620 Jackson Boulevard Contact us

    We can help!

    Listing Contact
    Chris Long
    Chris Long

    Listing agent Chris Long License #14881

    Listing office KW Commercial | Black Hills

    Listing date Aug 19, 2024

    Source Realnex

    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 KW Commercial | Black Hills

    Overview

    Creekside Professional Office Space Available

    Located at the Creekside Professional Offices on the corner of Sheridan Lake and Jackson Blvd, Suite F offers office space featuring up to 10 private offices, a reception area, and two restrooms. The suite also provides storage space. Lower level suites have access to a common area and staircase. A parking lot with over 30 parking spots is available. The business park is well maintained and offers signage opportunities. The location provides convenient access to restaurants, shopping, city parks, and bike trails. The lease rate is $13.50 per square foot per year, or $2,963.25 per month, including utilities. Two months of free rent are offered for a 3-year lease term.
    Location Intelligence

    Current Use by Public Records

    Jackson Boulevard Dental ... Dental Office James L. Bockwoldt, ... Dental Office Meyer & Dana Orthodontics Dental Office Professional Insurors Insurance Agency Family Heritage Alliance Charitable Organization

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    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
    -103.263517
    Latitude
    44.0695645

    Nearby Similar for Lease

    • $1.00/mo

      Rapid City Office Space Available

      Flexible office suites near Mount Rushmore Road in Rapid City.
      1010 9th Street, Rapid City, SD 57701
      View Details
    • $1.00/mo

      Rapid City Industrial Warehouse For Lease

      12,080 SF warehouse on 2.73 acres available for lease.
      2720 E Hwy 44, Rapid City, SD 57703
      View Details
    • $1.00/mo

      Rapid City Office Space Available

      Flexible office space near Mount Rushmore Road in Rapid City.
      1010 9th Street, Rapid City, SD 57701
      View Details
    • $1.00/mo

      Rapid City Office Space Available

      Functional office space with private offices and reception area.
      1010 9th Street, Rapid City, SD 57701
      View Details
    • $1.00/mo

      Rapid City Industrial Space Available

      7,200 SF industrial space for lease in Rapid City, SD.
      3201 Beale Street, Rapid City, SD 57702
      View Details
    • $1.00/mo

      Freestanding Commercial Building on Haines Avenue

      Freestanding commercial building on a primary retail corridor.
      2130 Haines Avenue, Rapid City, SD 57701
      View Details
    • $1.00/mo

      Rapid City Industrial Shop Space

      Small-bay industrial shop space with quick access to I-90.
      3515 Seger Drive, Rapid City, SD 57701
      View Details
    • $1.00/mo

      Prime Rapid City Lease Opportunity

      High-traffic location suitable for retail, restaurant, or office.
      1002 W Main Street, Rapid City, SD 57701
      View Details
    • $1.00/mo

      Prime Rapid City Build-to-Suit Opportunity

      High-traffic Rapid City location for retail, office, or restaurant.
      1002 W Main Street, Rapid City, SD 57701
      View Details
    • $1.00/mo

      Industrial Warehouse Near Highway 44

      13,568 SF industrial warehouse with office space for lease.
      940 Kennel Dr, Rapid City, SD 57703
      View Details
    • $1.00/mo

      Creekside Professional Office Space

      Office space for lease in well-maintained business park.
      2620 Jackson Boulevard, Rapid City, SD 57702
      View Details
    • $1.00/mo

      New Light Industrial Warehouse Units

      Newly constructed warehouse units with flexible sizes and convenient location.
      3460 Jet Drive, Rapid City, SD 57703
      View Details

    FAQs

    What type of property is this?
    Office units - Office space with up to 10 private offices for lease.
    Where is this office units located?
    The property is located at 2620 Jackson Boulevard Rapid City, SD.
    What are key features of this property?
    This property features: Two months of free rent with a 3‑year lease term.; Lease includes all utilities at $13.50/SF/YR Gross ($2,963.25/Month).; Up to 10 private offices are available.
    (605) 335-8100
    We can help!
    Listing Contact
    Chris Long
    Chris Long
    Real Estate License ID: 14881
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!