Second-Floor Office
For Sale
Contact for pricing
1301 W Omaha St, Rapid City, SD 57701
An elevator-served workspace includes a conference room, storage, and a break area with a kitchenette.
Property Size1,865 SF
Days on Market408
Property Features for 1301 W Omaha St
General Information
Standard status
Active
Size
1,865 SF
Class
Class A
Elevators
Yes
Site & Location
Highway Access
Yes
Road Access
Yes
Additional Details
Floor
2
Property Use
Office
Amenities
open concept workspace
conference room
storage room
break room with kitchenette
common area restrooms
lobby
building marquee signage
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
GINA PLOOSTER · License #SD 16979
(605) 519-0749
Source:
Exprealty
Added: Sep 25, 2025
Changed: Nov 3
Last Checked: Nov 4 at 4:23PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,865-square-foot office suite occupies the second floor at 1301 W Omaha St in Rapid City. Its layout combines an open workspace with a separate conference room and storage room. A break area with a kitchenette serves the suite, while restrooms and a lobby are shared building amenities. Elevator access connects the second floor to the building entrance.
The property has building marquee signage on Omaha Street and is minutes from I-90 and Mt. Rushmore Road. Parking is available for employees and visitors.
The property has building marquee signage on Omaha Street and is minutes from I-90 and Mt. Rushmore Road. Parking is available for employees and visitors.
Key Highlights
- 1,865‑square‑foot second‑floor office suite
- Elevator access to the suite
- Open workspace, conference room, and storage room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,834
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,680
$356.7K
Cap Rate 7%
$254,771
$254.8K
Cap Rate 9%
$198,156
$198.2K
Market Conditions
NOI Build-Up for 1,865 SF
Gross rent
$28.0K $15.00/SF
− Vacancy
−$4.2K −$2.25/SF
EGI
$23.8K $12.75/SF
− OpEx
−$5.9K −$3.19/SF
NOI
$17.8K $9.56/SF
Area
Pennington County, SD
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$356,680
Cap Rate 7%
$254,771
Cap Rate 9%
$198,156
Alternative Uses
Best Use
Office B
$254.8K
$222.9K – $297.2K
NOI $17,834 @ 7.0% cap · market cap 1,783,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$338.1K
$295.8K – $394.5K
NOI $23,667 @ 7.0% cap · market cap 2,366,700.00%
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
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,558
Businesses Nearby
Explore this area
Business Placement
Demographics for 57701, SD
46,258
Population
20,526
Households
2.3
Avg Household Size
36
Median Age
28%
College-Educated
93%
High-School Grad
52.2 sq mi
ZIP Area
886
Density / Sq Mi
$52,733
Median Household Income
$34,971
Median Earnings
$892
Median Rent
$229,900
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - An elevator-served workspace includes a conference room, storage, and a break area with a kitchenette.
Where is this office unit located?
The property is located at 1301 W Omaha St Rapid City, SD.
What are key features of this property?
This property features: 1,865‑square‑foot second‑floor office suite; Elevator access to the suite; Open workspace, conference room, and storage room
