Industrial Flex Space with Overhead
3075 N Plaza Dr, Rapid City, SD 57702
For Sale
Contact for pricing
Access from both N Plaza Drive and Deadwood Avenue supports deliveries and day-to-day business activity.
Property Size5,220 SF
Days on Market36
Property Features for 3075 N Plaza Dr
General Information
Standard status
Size
Zoning
Additional Details
Road Access
Property Use
Listing Agency:
Keller Williams Realty Black Hills SP
Listed By:
Kevin Andreson · License SD #1948
(605) 646-5409
Source:
Exprealty
Added: Oct 10
Changed: Nov 11
Last Checked: Nov 12 at 1:05PM
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 SP
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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 5,220-square-foot flex property in Big Horn Industrial Park has shop space, a dedicated office, and a restroom. Five overhead doors, each 10 feet tall, provide shop access. The property is zoned Light Industrial, and the site includes a paved parking area with additional parking beside the shop.
Located on the Deadwood Avenue corridor in Rapid City, the property can also be reached from N Plaza Drive. The two access points serve daily operations and deliveries.
Located on the Deadwood Avenue corridor in Rapid City, the property can also be reached from N Plaza Drive. The two access points serve daily operations and deliveries.
Key Highlights
- 5,220 square feet of flex space
- Five 10‑foot overhead doors
- Light Industrial zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,649
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,980
$533.0K
Cap Rate 7%
$380,700
$380.7K
Cap Rate 9%
$296,100
$296.1K
Market Conditions
NOI Build-Up for 5,220 SF
Gross rent
$40.7K $7.80/SF
− Vacancy
−$2.6K −$0.51/SF
EGI
$38.1K $7.29/SF
− OpEx
−$11.4K −$2.19/SF
NOI
$26.6K $5.11/SF
Area
Pennington County, SD
Vacancy
6.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$532,980
Cap Rate 7%
$380,700
Cap Rate 9%
$296,100
Alternative Uses
Best Use
Flex RnD
$654.4K
$572.6K – $763.4K
NOI $45,806 @ 7.0% cap
Second Best
Warehouse
$515.9K
$451.4K – $601.9K
NOI $36,112 @ 7.0% cap
Theoretical Best
Specialty Retail
$946.3K
$828.0K – $1.10M
NOI $66,242 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
282
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Access from both N Plaza Drive and Deadwood Avenue supports deliveries and day-to-day business activity.
Where is this flex space located?
The property is located at 3075 N Plaza Dr Rapid City, SD.
What are key features of this property?
This property features: 5,220 square feet of flex space; Five 10‑foot overhead doors; Light Industrial zoning
