Office Suites with Shared
1905 N Plaza Blvd, Rapid City, SD 57702
For Sale
Contact for pricing
Available offices include access to a conference room, breakroom, and lobby, with utilities and wireless internet provided.
Property Size525 SF
Days on Market159
Property Features for 1905 N Plaza Blvd
General Information
Standard status
Size
Additional Details
Property Use
Amenities
conference room
breakroom
lobby
wireless internet
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
Lisa Williams
(605) 484-5802
Source:
Exprealty
Added: Jun 9
Changed: Nov 12
Last Checked: Nov 12 at 2:30PM
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.
Office units are available at 1905 N Plaza Blvd in Rapid City. Select offices have windows, while shared building amenities include a conference room, breakroom, and lobby. Utilities and wireless internet are provided.
The property is on the west side of Rapid City.
The property is on the west side of Rapid City.
Key Highlights
- Shared conference room, breakroom, and lobby
- Utilities and wireless internet provided
- Windows in select offices
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$5,020
Suggested Prices Based on Cap Rates
Cap Rate 5%
$100,400
$100.4K
Cap Rate 7%
$71,714
$71.7K
Cap Rate 9%
$55,778
$55.8K
Market Conditions
NOI Build-Up for 525 SF
Gross rent
$7.9K $15.00/SF
− Vacancy
−$1.2K −$2.25/SF
EGI
$6.7K $12.75/SF
− OpEx
−$1.7K −$3.19/SF
NOI
$5.0K $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%
$100,400
Cap Rate 7%
$71,714
Cap Rate 9%
$55,778
Alternative Uses
Best Use
Office B
$71.7K
$62.8K – $83.7K
NOI $5,020 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$95.2K
$83.3K – $111.0K
NOI $6,662 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
Who owns this building?
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
172
Businesses Nearby
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Business Placement
Demographics for 57702, SD
33,162
Population
16,786
Households
2
Avg Household Size
46
Median Age
48%
College-Educated
98%
High-School Grad
285.8 sq mi
ZIP Area
116
Density / Sq Mi
$85,700
Median Household Income
$44,214
Median Earnings
$1,209
Median Rent
$341,400
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 - Available offices include access to a conference room, breakroom, and lobby, with utilities and wireless internet provided.
Where is this office unit located?
The property is located at 1905 N Plaza Blvd Rapid City, SD.
What are key features of this property?
This property features: Shared conference room, breakroom, and lobby; Utilities and wireless internet provided; Windows in select offices
