Renovated Mixed-Use Commercial
412 Oshkosh, Rapid City, SD 57701
For Sale
$3,000,000
Four businesses occupy a renovated commercial building with private, fenced parking.
Property Size11,547 SF
Price / SF$259.81
Days on Market95
Property Features for 412 Oshkosh
General Information
Standard status
Size
Property subtype
Additional Details
Fenced Yard
Building Details
Year Renovated
Buildings
Tenancy
Listing Agency:
RE/MAX RESULTS
Listed By:
Tiffany Knight · License SD #1653
From the agent's profile:
(605) 393-5725, (605) 341-4300
Source:
Willdixonrealestate
Added: Aug 8
Changed: Oct 26
Last Checked: Nov 8 at 3:08AM
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 RE/MAX RESULTS
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Investment Insights
Based on property information with market context.
This 11,547-square-foot mixed-use commercial building contains four separate business spaces and was completely renovated in 2019. The property currently has multiple occupants, with leases available upon request subject to a signed NDA. Its prior use was as a gold jewelry manufacturing warehouse.
The building is located at 412 Oshkosh in Rapid City, South Dakota, with access from Omaha Street or Main Street. A large private parking lot serves the property and is fully fenced.
The building is located at 412 Oshkosh in Rapid City, South Dakota, with access from Omaha Street or Main Street. A large private parking lot serves the property and is fully fenced.
Key Highlights
- 11,547‑square‑foot mixed‑use commercial building
- Completely renovated in 2019
- Four separate businesses currently occupy the building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,325
Cap Rate
3.38%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,026,500
$2.0M
Cap Rate 7%
$1,447,500
$1.4M
Cap Rate 9%
$1,125,833
$1.1M
Market Conditions
NOI Build-Up for 11,547 SF
Gross rent
$173.2K $15.00/SF
− Vacancy
−$17.3K −$1.50/SF
EGI
$155.9K $13.50/SF
− OpEx
−$54.6K −$4.73/SF
NOI
$101.3K $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%
$2,026,500
Cap Rate 7%
$1,447,500
Cap Rate 9%
$1,125,833
Alternative Uses
Best Use
Flex RnD
$1.45M
$1.27M – $1.69M
NOI $101,325 @ 7.0% cap · market cap 3.38%
Second Best
Mixed Use
$1.41M
$1.23M – $1.64M
NOI $98,510 @ 7.0% cap · market cap 3.28%
Theoretical Best
Specialty Retail
$2.09M
$1.83M – $2.44M
NOI $146,531 @ 7.0% cap · market cap 4.88%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
1,272
Businesses Nearby
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
Frequently Asked Questions
What type of property is this?
Mixed-use property - Four businesses occupy a renovated commercial building with private, fenced parking.
Where is this mixed-use property located?
The property is located at 412 Oshkosh Rapid City, SD.
What is the asking price?
The asking price for this property is $3,000,000.
What are key features of this property?
This property features: 11,547‑square‑foot mixed‑use commercial building; Completely renovated in 2019; Four separate businesses currently occupy the building
