3637 Sturgis Road, Rapid City, SD 57702
Corner lot suitable for retail or office development.
- Added:
- May 12, 2023
- Days on Market:
- 1154
- Last Refresh:
- Jun 28 at 9:27 pm
Property Features for 3637 Sturgis Road
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- V, V-COM
Listing office Keller Williams Realty Black Hills (605) 335-8100
Listing date May 12, 2023
Source Realnex
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HighLights
- Extremely high‑visibility corner lot on a busy westside intersection.
- General commercial zoning suitable for retail or office project.
- Previously planned out for a ~1,500sf building footprint.
- Planned for 14+ additional parking spaces.
- Access easement and shared parking with the building next door.
- Plans available upon request.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $27.0k | $18.00 |
| − Vacancy | −$2.2k | −$1.44 |
| EGI | $24.8k | $16.56 |
| − OpEx | −$7.5k | −$4.97 |
| NOI | $17.4k | $11.59 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Rapid City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.2800576
- Latitude
- 44.0864226
