Warehouse For
2226 MARLIN DR Rapid City, SD 57703
2226 MARLIN DR, Rapid City, SD, 57703
$250,000
For Sale
$250,000
Warehouse property for sale in Pennington County, offering approximately 1,350 square feet of commercial space.
Property Size1,350 SF
Price / SF$185.19
Days on Market55
Property Features for 2226 MARLIN DR
General Information
- Standard status
- Active
- Size
- 1,350 SF
Listing agency
(605) 391-2426
Listed by
JOE MUTH
(605) 391-2426
Source
Evrealestate
Added: May 28 Updated: Jul 21 at 9:16AM Checked: Jul 21 at 9:16AM
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 JOE MUTH
Investment Insights
Based on property information with market context.
This warehouse property is offered for sale and includes approximately 1,350 square feet of commercial space. The listing does not provide additional details on interior layout, condition, or specific improvements.
The property is located at 2226 Marlin Dr in Rapid City, South Dakota, within Pennington County. Additional information on access, frontage, and nearby amenities is not included in the provided materials.
Interested parties should review the full offering details and perform due diligence to confirm current configuration and suitability for their intended use.
The property is located at 2226 Marlin Dr in Rapid City, South Dakota, within Pennington County. Additional information on access, frontage, and nearby amenities is not included in the provided materials.
Interested parties should review the full offering details and perform due diligence to confirm current configuration and suitability for their intended use.
Key Highlights
- Approx. 1,350 SF commercial warehouse space for sale in Pennington County
- Forced air heating
- Off‑street parking with asphalt surface
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $11.7k | $8.64 |
| − Vacancy | −$677 | −$0.50 |
| EGI | $11.0k | $8.14 |
| − OpEx | −$1.6k | −$1.22 |
| NOI | $9.3k | $6.92 |
1,350 SF · lease $8.64/SF/yr · vacancy 5.80% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$133.4K
$116.7K – $155.7K
NOI $9,339 @ 7.0% cap · market cap 3.74%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$244.7K
$214.2K – $285.5K
NOI $17,132 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- RCS Storage — 1824 Marlin Dr, Rapid City, SD 57701
- South Hwy 79 Storage — 4110 Biernbaum Ln, Rapid City, SD 57701
- Attic East Storage — 4400 Pendleton Dr, Rapid City, SD 57701
- Anytime Storage — 4025 Biernbaum Ln, Rapid City, SD 57701
FAQs
What type of property is this?
Warehouse - Warehouse property for sale in Pennington County, offering approximately 1,350 square feet of commercial space.
Where is this warehouse located?
The property is located at 2226 MARLIN DR Rapid City, SD.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: Approx. 1,350 SF commercial warehouse space for sale in Pennington County; Forced air heating; Off‑street parking with asphalt surface
