Flex Space with Loading
New
For Sale
$795,000
3104 W Saint Louis St, Rapid City, SD 57702
Showroom and office areas complement a heated warehouse, with additional upstairs workspace and a loading dock.
Property Size6,733 SF
Price / SF$118.08
Days on Market7
Property Features for 3104 W Saint Louis St
General Information
Standard status
Active
Size
6,733 SF
Warehouse & Industrial
Clear Height
16 ft
Warehouse Space
3,743 SF
Dock-High Doors
1
Drive-In Doors
1
Three-Phase Power
Yes
Amenities
conference room
kitchen
washer/dryer hookups
Building Details
Buildings
1
Stories
2
Building Size
6,733 SF
Listing Agency:
Valente Realty
Listed By:
Madison Shipman · License #1749
(605) 569-9019
Source:
Exprealty
Added: Sep 29
Changed: Oct 1
Last Checked: Oct 4 at 2:18PM
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 Valente Realty
Investment Insights
Based on property information with market context.
This 6,733-square-foot flex property combines approximately 1,500 square feet of showroom and office space with a 3,743-square-foot heated warehouse. The front area includes a private office, bathroom, and utility room with washer and dryer hookups. Warehouse features include 16-foot sidewalls, 3-phase power, a 12-by-14-foot overhead door, and a loading dock.
An upstairs area currently arranged as a conference room and private office also has a kitchen and private bathroom. Potential uses for that space may depend on zoning and permitted-use requirements, which the buyer should verify.
An upstairs area currently arranged as a conference room and private office also has a kitchen and private bathroom. Potential uses for that space may depend on zoning and permitted-use requirements, which the buyer should verify.
Key Highlights
- 6,733 square feet of flex space
- Approximately 1,500 square feet of showroom and office space
- 3,743‑square‑foot heated warehouse with 16‑foot sidewalls
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,082
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,640
$1.2M
Cap Rate 7%
$844,029
$844.0K
Cap Rate 9%
$656,467
$656.5K
Market Conditions
NOI Build-Up for 6,733 SF
Gross rent
$101.0K $15.00/SF
− Vacancy
−$10.1K −$1.50/SF
EGI
$90.9K $13.50/SF
− OpEx
−$31.8K −$4.73/SF
NOI
$59.1K $8.78/SF
Area
Pennington County, SD
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,181,640
Cap Rate 7%
$844,029
Cap Rate 9%
$656,467
Alternative Uses
Best Use
Flex RnD
$844.0K
$738.5K – $984.7K
NOI $59,082 @ 7.0% cap · market cap 7.43%
Second Best
Warehouse
$665.4K
$582.2K – $776.3K
NOI $46,579 @ 7.0% cap · market cap 5.86%
Theoretical Best
Specialty Retail
$1.22M
$1.07M – $1.42M
NOI $85,442 @ 7.0% cap · market cap 10.75%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
16 ft
Clear height
1
Dock-high doors
1
Drive-in doors
Location Intelligence
Trade Area within ½ mile
559
Businesses Nearby
Balanced
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - Showroom and office areas complement a heated warehouse, with additional upstairs workspace and a loading dock.
Where is this flex space located?
The property is located at 3104 W Saint Louis St Rapid City, SD.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: 6,733 square feet of flex space; Approximately 1,500 square feet of showroom and office space; 3,743‑square‑foot heated warehouse with 16‑foot sidewalls
