Rapid City Warehouses on
For Sale
$975,000
3418 Cambell St, Rapid City, SD 57701
Two warehouses totaling 10,840 SF on 2.22 acres.
Property Size10,840 SF
Lot Size2.22 Acres
Price / SF$89.94
Days on Market227
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Property Features for 3418 Cambell St
General Information
Standard status
Active
Size
10,840 SF
Lot size
2.22 Acres
Listing Agency:
BATTLE CREEK AGENCY
Listed By:
JOHN KERSTIENS
(605) 219-4021
Source:
Exprealty
Added: Mar 2
Changed: Oct 2
Last Checked: Oct 15 at 3:31AM
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 BATTLE CREEK AGENCY
Investment Insights
Based on property information with market context.
Located in Rapid City on Cambell Street, this property includes 2.22 acres and two warehouses. The warehouses measure 32'x120' and 40'x170', totaling approximately 10,840 square feet, including a 456 square foot office with natural gas and central air. Building 1 features 18-foot ceilings in the original section and 27-foot ceilings in the addition. Building 2 has 17-foot ceilings. There are five 10'x10' overhead doors and one 12'x10' overhead door. Both buildings are equipped with a fire detection system and rubber roofing, with metal roofing over the addition on the main building. A loading dock is available. The property offers additional room for a second office and further improvements.
Key Highlights
- Prime Rapid City location on Cambell Street.
- Large lot size: 2.22 acres.
- Two warehouses totaling approximately 10,840 square feet.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$74,992
Cap Rate
7.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,840
$1.5M
Cap Rate 7%
$1,071,314
$1.1M
Cap Rate 9%
$833,244
$833.2K
Market Conditions
NOI Build-Up for 10,840 SF
Gross rent
$93.7K $8.64/SF
− Vacancy
−$5.4K −$0.50/SF
EGI
$88.2K $8.14/SF
− OpEx
−$13.2K −$1.22/SF
NOI
$75.0K $6.92/SF
Area
Pennington County, SD
Vacancy
5.80%
Lease Rate
$8.64 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,499,840
Cap Rate 7%
$1,071,314
Cap Rate 9%
$833,244
Alternative Uses
Best Use
Warehouse
$1.07M
$937.4K – $1.25M
NOI $74,992 @ 7.0% cap · market cap 7.69%
Second Best
Industrial
$790.6K
$691.7K – $922.3K
NOI $55,339 @ 7.0% cap · market cap 5.68%
Theoretical Best
Specialty Retail
$1.97M
$1.72M – $2.29M
NOI $137,560 @ 7.0% cap · market cap 14.11%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
171
Businesses Nearby
Well-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Similar Off Market Nearby
- Attic East Storage — 4400 Pendleton Dr, Rapid City, SD 57701
- South Hwy 79 Storage — 4110 Biernbaum Ln, Rapid City, SD 57701
- Anytime Storage — 4025 Biernbaum Ln, Rapid City, SD 57701
- Fairmont Storage — 1211 E Fairmont Blvd, Rapid City, SD 57701
- Rapid City Storage — 3300 Cambell St, Rapid City, SD 57701
Frequently Asked Questions
What type of property is this?
Warehouse - Two warehouses totaling 10,840 SF on 2.22 acres.
Where is this warehouse located?
The property is located at 3418 Cambell St Rapid City, SD.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: Prime Rapid City location on Cambell Street.; Large lot size: 2.22 acres.; Two warehouses totaling approximately 10,840 square feet.
