Industrial Property with Heated
New
For Sale
$2,475,000
2130 DYESS AVE, Rapid City, SD 57701
Seven insulated warehouse buildings sit across adjoining parcels in a heavy industrial district.
Property Size17,676 SF
Lot Size16.66 Acres
Price / SF$140.02
Days on Market2
Property Features for 2130 DYESS AVE
General Information
Standard status
Active
Size
17,676 SF
Lot size
16.66 Acres
Property subtype
Commercial
Zoning
Heavy Industrial District
Additional Details
Highway Access
Yes
Warehouse Space
17,676 SF
Building Details
Buildings
7
Listing Agency:
Joyner Fine Properties
Listed By:
Bill Phillips · License #0225105604
(605) 347-9300
Source:
Sturgisrealestatecenter.idxbroker
Added: Oct 4
Last Checked: Oct 4 at 1:52PM
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 Joyner Fine Properties
Investment Insights
Based on property information with market context.
The industrial property comprises seven warehouse buildings with insulation and heat, providing a combined 17,676 square feet of warehouse space. The buildings occupy three contiguous parcels totaling 16.66 acres.
The property is identified by the addresses 2130 Dyess Ave. and 2858 Flack Lane in Rapid City, South Dakota. It is near I-90 and other major highways.
The property is identified by the addresses 2130 Dyess Ave. and 2858 Flack Lane in Rapid City, South Dakota. It is near I-90 and other major highways.
Key Highlights
- Seven insulated and heated warehouse buildings
- 17,676 square feet of warehouse space
- Three contiguous parcels totaling 16.66 acres
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$122,283
Cap Rate
4.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,660
$2.4M
Cap Rate 7%
$1,746,900
$1.7M
Cap Rate 9%
$1,358,700
$1.4M
Market Conditions
NOI Build-Up for 17,676 SF
Gross rent
$152.7K $8.64/SF
− Vacancy
−$8.9K −$0.50/SF
EGI
$143.9K $8.14/SF
− OpEx
−$21.6K −$1.22/SF
NOI
$122.3K $6.92/SF
Area
Pennington County, SD
Vacancy
5.80%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,445,660
Cap Rate 7%
$1,746,900
Cap Rate 9%
$1,358,700
Alternative Uses
Best Use
Warehouse
$1.75M
$1.53M – $2.04M
NOI $122,283 @ 7.0% cap · market cap 4.94%
Second Best
Industrial
$1.29M
$1.13M – $1.50M
NOI $90,238 @ 7.0% cap · market cap 3.65%
Theoretical Best
Specialty Retail
$3.20M
$2.80M – $3.74M
NOI $224,308 @ 7.0% cap · market cap 9.06%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
149
Businesses Nearby
Well-served
Demand for This Use
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Warehouse - Seven insulated warehouse buildings sit across adjoining parcels in a heavy industrial district.
Where is this warehouse located?
The property is located at 2130 DYESS AVE Rapid City, SD.
What is the asking price?
The asking price for this property is $2,475,000.
What are key features of this property?
This property features: Seven insulated and heated warehouse buildings; 17,676 square feet of warehouse space; Three contiguous parcels totaling 16.66 acres
