Duplex Property with Mobile Home
27 Signal Dr, Rapid City, SD 57701
For Sale
$20,000,000
Pending
The commercially zoned property combines duplex housing with a separate mobile home park.
Property Size115,668 SF
Days on Market19
Property Features for 27 Signal Dr
General Information
Standard status
Size
Property subtype
Zoning
Units
Multifamily Units
Mobile Home Lots
Building Details
Building Size
Buildings
Units
Listing Agency:
Re/Max Advantage
Listed By:
Ed Dreyer · License SD #13486
(605) 786-4564
Source:
Libertytreeproperties
Added: Oct 26
Changed: Nov 12
Last Checked: Nov 13 at 11:57AM
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 Advantage
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 Rapid City property spans more than 48 acres and includes duplex housing alongside a 4.72-acre mobile home park with 45 pads. The site is zoned General Commercial.
The property is located at 27 Signal Dr in Rapid City, South Dakota, with views of the city and the Black Hills.
The property is located at 27 Signal Dr in Rapid City, South Dakota, with views of the city and the Black Hills.
Key Highlights
- More than 48 acres zoned General Commercial
- 4.72‑acre mobile home park with 45 pads
- Duplex housing is also part of the property
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$881,494
Cap Rate
4.41%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,629,880
$17.6M
Cap Rate 7%
$12,592,771
$12.6M
Cap Rate 9%
$9,794,378
$9.8M
Market Conditions
NOI Build-Up for 115,668 SF
Gross rent
$1.32M $11.40/SF
− Vacancy
−$59.3K −$0.51/SF
EGI
$1.26M $10.89/SF
− OpEx
−$377.8K −$3.27/SF
NOI
$881.5K $7.62/SF
Area
Pennington County, SD
Vacancy
4.50%
Lease Rate
$11.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$17,629,880
Cap Rate 7%
$12,592,771
Cap Rate 9%
$9,794,378
Alternative Uses
Best Use
Multifamily LT 5
$12.59M
$11.02M – $14.69M
NOI $881,494 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$11.73M
$10.26M – $13.68M
NOI $820,817 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$20.97M
$18.35M – $24.46M
NOI $1,467,827 @ 7.0% cap · market cap 7.34%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
179
Residential units
Location Intelligence
Trade Area within ½ mile
804
Businesses Nearby
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
Market
Vacancy Rate% for Multifamily in Midwest region
Frequently Asked Questions
What type of property is this?
Duplex - The commercially zoned property combines duplex housing with a separate mobile home park.
Where is this duplex located?
The property is located at 27 Signal Dr Rapid City, SD.
What is the asking price?
The asking price for this property is $20,000,000.
What are key features of this property?
This property features: More than 48 acres zoned General Commercial; 4.72‑acre mobile home park with 45 pads; Duplex housing is also part of the property
