Office Suite with Private
1520 Haines Ave, Rapid City, SD 57701
For Sale
Contact for pricing
A reception area, dedicated restroom, and on-site parking support a self-contained professional workspace.
Property Size1,510 SF
Days on Market48
Property Features for 1520 Haines Ave
General Information
Standard status
Size
Additional Details
Condition
Property Use
Listing Agency:
BLACK HILLS REALTY
Listed By:
TJ WOJTANOWICZ · License SD #13167
(605) 863-1920
Source:
Exprealty
Added: Sep 24
Changed: Nov 8
Last Checked: Nov 8 at 4:41PM
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 BLACK HILLS REALTY
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Investment Insights
Based on property information with market context.
The 1,510-square-foot office suite at 1520 Haines Ave, Suite 9, in Rapid City includes three private offices and two conference or meeting rooms. A reception and foyer area, private restroom, and utility or storage room complete the interior layout. The suite also has its own entrance.
On-site parking is available at the property. The office configuration provides a mix of private work areas, meeting rooms, and support space within one suite.
On-site parking is available at the property. The office configuration provides a mix of private work areas, meeting rooms, and support space within one suite.
Key Highlights
- 1,510‑square‑foot office suite
- Three private offices and two conference or meeting rooms
- Private entrance, reception and foyer area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,439
Suggested Prices Based on Cap Rates
Cap Rate 5%
$288,780
$288.8K
Cap Rate 7%
$206,271
$206.3K
Cap Rate 9%
$160,433
$160.4K
Market Conditions
NOI Build-Up for 1,510 SF
Gross rent
$22.7K $15.00/SF
− Vacancy
−$3.4K −$2.25/SF
EGI
$19.3K $12.75/SF
− OpEx
−$4.8K −$3.19/SF
NOI
$14.4K $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%
$288,780
Cap Rate 7%
$206,271
Cap Rate 9%
$160,433
Alternative Uses
Best Use
Office B
$206.3K
$180.5K – $240.7K
NOI $14,439 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$273.7K
$239.5K – $319.4K
NOI $19,162 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
530
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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A reception area, dedicated restroom, and on-site parking support a self-contained professional workspace.
Where is this office unit located?
The property is located at 1520 Haines Ave Rapid City, SD.
What are key features of this property?
This property features: 1,510‑square‑foot office suite; Three private offices and two conference or meeting rooms; Private entrance, reception and foyer area
