4-Suite Office
New
For Sale
$1,395,000
Pending
2201/2204 Jackson Blvd, Rapid City, SD 57702
Two floors each contain a pair of suites, with one lower-level suite recently vacant.
Property Size6,900 SF
Days on Market3
Property Features for 2201/2204 Jackson Blvd
General Information
Standard status
Pending
Size
6,900 SF
Property subtype
Commercial
Zoning
General Commercial
Additional Details
Road Access
Yes
Office Units
4
Property Use
Office
Building Details
Building Size
6,900 SF
Year Built
1995
Buildings
1
Stories
2
Units
4
Owner Occupied
Yes
Listing Agency:
Re/Max Results
Listed By:
Tom Rau
Source:
Libertytreeproperties
Added: Oct 30
Last Checked: Oct 30 at 3:26PM
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 Re/Max Results
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 6,900-square-foot office building was constructed in 1995 and contains four suites across two floors, with two suites on each level. One lower-floor suite recently became vacant, while the owner occupies one upper-floor suite. The property is part of a condominium project and carries an undivided 21% interest in its common area. The project encompasses 2.182 acres and is zoned General Commercial.
Key Highlights
- 6,900‑square‑foot office building with four suites
- Two floors, each with two suites
- One lower‑level suite recently became vacant
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$65,981
Cap Rate
4.73%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,319,620
$1.3M
Cap Rate 7%
$942,586
$942.6K
Cap Rate 9%
$733,122
$733.1K
Market Conditions
NOI Build-Up for 6,900 SF
Gross rent
$103.5K $15.00/SF
− Vacancy
−$15.5K −$2.25/SF
EGI
$88.0K $12.75/SF
− OpEx
−$22.0K −$3.19/SF
NOI
$66.0K $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%
$1,319,620
Cap Rate 7%
$942,586
Cap Rate 9%
$733,122
Alternative Uses
Best Use
Office B
$942.6K
$824.8K – $1.10M
NOI $65,981 @ 7.0% cap · market cap 4.73%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,561 @ 7.0% cap · market cap 6.28%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
4
Office units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office building - Two floors each contain a pair of suites, with one lower-level suite recently vacant.
Where is this office building located?
The property is located at 2201/2204 Jackson Blvd Rapid City, SD.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: 6,900‑square‑foot office building with four suites; Two floors, each with two suites; One lower‑level suite recently became vacant
