Retail Space on Active Commercial
For Sale
Contact for pricing
1302 E Saint Patrick St, Rapid City, SD 57701
Retail, dining, and service businesses form the surrounding commercial mix, with nearby parking serving the property.
Property Size1,580 SF
Days on Market110
Property Features for 1302 E Saint Patrick St
General Information
Standard status
Active
Size
1,580 SF
Additional Details
Road Access
Yes
Listing Agency:
TRUE NORTH ASSET GROUP
Listed By:
SHANNON BRINKER · License #17047
(605) 415-7222
Source:
Exprealty
Added: Jul 20
Changed: Nov 1
Last Checked: Nov 4 at 3:54PM
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 TRUE NORTH ASSET GROUP
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.
This 1,580-square-foot retail space is at 1302 E Saint Patrick St in Rapid City. The property fronts a commercial corridor with access to nearby retail, dining, and service businesses. Nearby parking is also noted.
More than 14,000 vehicles travel the corridor each day.
More than 14,000 vehicles travel the corridor each day.
Key Highlights
- 1,580‑square‑foot retail space
- More than 14,000 vehicles per day on the corridor
- Located at 1302 E Saint Patrick St in Rapid City, SD
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,315
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,300
$366.3K
Cap Rate 7%
$261,643
$261.6K
Cap Rate 9%
$203,500
$203.5K
Market Conditions
NOI Build-Up for 1,580 SF
Gross rent
$28.4K $18.00/SF
− Vacancy
−$2.3K −$1.44/SF
EGI
$26.2K $16.56/SF
− OpEx
−$7.8K −$4.97/SF
NOI
$18.3K $11.59/SF
Area
Pennington County, SD
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$366,300
Cap Rate 7%
$261,643
Cap Rate 9%
$203,500
Alternative Uses
Best Use
Retail
$261.6K
$228.9K – $305.3K
NOI $18,315 @ 7.0% cap · market cap 1,831,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$286.4K
$250.6K – $334.2K
NOI $20,050 @ 7.0% cap · market cap 2,005,000.00%
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
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
377
Businesses Nearby
87k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Groceries 41%
Dining 36%
Shops & Services 24%
Family Fare
Groceries
35,356 visits/mo
0.2 miles
Taco John's
Dining
14,720 visits/mo
0.2 miles
Arby's
Dining
8,574 visits/mo
0.3 miles
Phillips 66
Shops & Services
6,966 visits/mo
0.1 miles
Dollar General
Shops & Services
6,404 visits/mo
0.2 miles
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 Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Retail, dining, and service businesses form the surrounding commercial mix, with nearby parking serving the property.
Where is this retail space located?
The property is located at 1302 E Saint Patrick St Rapid City, SD.
What are key features of this property?
This property features: 1,580‑square‑foot retail space; More than 14,000 vehicles per day on the corridor; Located at 1302 E Saint Patrick St in Rapid City, SD
