Retail Service
For Sale
Contact for pricing
2315 Jackson Blvd, Rapid City, SD 57702
Visible to passing traffic on Jackson Boulevard, the space includes customer and side access doors.
Property Size1,500 SF
Days on Market17
Property Features for 2315 Jackson Blvd
General Information
Standard status
Active
Size
1,500 SF
Total Parking Spaces
5
Listing Agency:
COLDWELL BANKER BLACK HILLS LEGACY
Listed By:
DAVID OLSEN
(605) 484-9744
Source:
Exprealty
Added: Oct 15
Changed: Oct 30
Last Checked: Oct 30 at 2:38PM
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 COLDWELL BANKER BLACK HILLS LEGACY
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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.
This 1,500-square-foot retail space has a main entrance, a double side door, and one restroom. The property was previously used by a laundry and dry-cleaning business. Two side-by-side power panels are mounted on the rear wall, and parking can accommodate up to five vehicles.
The building is located on Jackson Boulevard and is visible to passing traffic. Exterior business signage is subject to city approval. Garbage pickup at the rear of the building is permitted by a neighbor.
The building is located on Jackson Boulevard and is visible to passing traffic. Exterior business signage is subject to city approval. Garbage pickup at the rear of the building is permitted by a neighbor.
Key Highlights
- 1,500 SF of retail space
- Parking for up to 5 vehicles
- One restroom, a main entrance, and a double side door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,388
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,760
$347.8K
Cap Rate 7%
$248,400
$248.4K
Cap Rate 9%
$193,200
$193.2K
Market Conditions
NOI Build-Up for 1,500 SF
Gross rent
$27.0K $18.00/SF
− Vacancy
−$2.2K −$1.44/SF
EGI
$24.8K $16.56/SF
− OpEx
−$7.5K −$4.97/SF
NOI
$17.4K $11.59/SF
Area
Pennington County, SD
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$347,760
Cap Rate 7%
$248,400
Cap Rate 9%
$193,200
Alternative Uses
Best Use
Retail
$248.4K
$217.4K – $289.8K
NOI $17,388 @ 7.0% cap · market cap 1,738,800.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$271.9K
$237.9K – $317.3K
NOI $19,035 @ 7.0% cap · market cap 1,903,500.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
733
Businesses Nearby
4k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 100%
Sinclair
Shops & Services
3,966 visits/mo
0.1 miles
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Visible to passing traffic on Jackson Boulevard, the space includes customer and side access doors.
Where is this retail space located?
The property is located at 2315 Jackson Blvd Rapid City, SD.
What are key features of this property?
This property features: 1,500 SF of retail space; Parking for up to 5 vehicles; One restroom, a main entrance, and a double side door
