Office Suite with
For Sale
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2801 Plant St, Rapid City, SD 57702
Light Industrial zoning and on-site parking complement a flexible office layout with private and shared work areas.
Property Size1,750 SF
Days on Market74
Property Features for 2801 Plant St
General Information
Standard status
Active
Size
1,750 SF
Zoning
Light Industrial
Additional Details
Office Units
1
Property Use
Office
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
HANNAH DUSING
(605) 939-1166
Source:
Exprealty
Added: Aug 25
Changed: Nov 6
Last Checked: Nov 4 at 5:22PM
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 KELLER WILLIAMS REALTY BLACK HILLS
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Investment Insights
Based on property information with market context.
This 1,750-square-foot office suite combines a reception area, three private offices, a substantial workroom, and a private restroom. One office opens directly to the workroom, which also has a separate exterior entrance. The property is at 2801 Plant St in Rapid City, near the Deadwood Ave corridor. On-site parking serves staff and visitors.
Key Highlights
- 1,750‑square‑foot office suite
- Reception area, three private offices, a large workroom, and a private restroom
- Workroom has a separate exterior entrance
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$16,734
Suggested Prices Based on Cap Rates
Cap Rate 5%
$334,680
$334.7K
Cap Rate 7%
$239,057
$239.1K
Cap Rate 9%
$185,933
$185.9K
Market Conditions
NOI Build-Up for 1,750 SF
Gross rent
$26.3K $15.00/SF
− Vacancy
−$3.9K −$2.25/SF
EGI
$22.3K $12.75/SF
− OpEx
−$5.6K −$3.19/SF
NOI
$16.7K $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%
$334,680
Cap Rate 7%
$239,057
Cap Rate 9%
$185,933
Alternative Uses
Best Use
Office B
$239.1K
$209.2K – $278.9K
NOI $16,734 @ 7.0% cap · market cap 1,673,400.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$317.3K
$277.6K – $370.1K
NOI $22,208 @ 7.0% cap · market cap 2,220,800.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
1
Office units
Location Intelligence
Trade Area within ½ mile
328
Businesses Nearby
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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
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Light Industrial zoning and on-site parking complement a flexible office layout with private and shared work areas.
Where is this office unit located?
The property is located at 2801 Plant St Rapid City, SD.
What are key features of this property?
This property features: 1,750‑square‑foot office suite; Reception area, three private offices, a large workroom, and a private restroom; Workroom has a separate exterior entrance
