Flex Property with Fenced
New
For Sale
$1,125,000
4404 Universal Dr., Rapid City, SD 57702
Three buildings combine office areas, workshop and garage bays, cold storage, and a gated asphalt yard.
Property Size9,273 SF
Lot Size3.51 Acres
Price / SF$121.32
Days on Market2
Property Features for 4404 Universal Dr.
General Information
Standard status
Active
Size
9,273 SF
Lot size
3.51 Acres
Property subtype
Commercial
Zoning
Light Industrial
Site & Location
Fenced Yard
Yes
Outdoor Storage
Yes
Warehouse & Industrial
Three-Phase Power
Yes
Cold Storage
Yes
Cold Storage Area
1,000 SF
Building Details
Buildings
3
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
Christopher Long · License #1117
(605) 343-7500
Source:
Willdixonrealestate
Added: Oct 16
Last Checked: Oct 16 at 2:06PM
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
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Investment Insights
Based on property information with market context.
This Light Industrial property in northwest Rapid City spans 3.51 acres and includes three buildings totaling 9,273 square feet. The main building pairs office and shop areas, with separate entrances and a layout originally planned for two occupants. Office features include six private offices and two reception areas. Shop amenities include four 14' x 14' overhead doors, one configured for drive-through access, 15' ceilings, three-phase power, compressed air, two restrooms, and floor drains with oil/water separators. Three air compressors are included in the sale.
A heated, insulated garage adds two work bays, 14' x 14' overhead doors, and a standalone loading dock. A separate cold-storage building has two 8' x 10' overhead doors. The gated, asphalt-surfaced yard is fenced and provides outdoor space for equipment, fleet parking, and other operations.
A heated, insulated garage adds two work bays, 14' x 14' overhead doors, and a standalone loading dock. A separate cold-storage building has two 8' x 10' overhead doors. The gated, asphalt-surfaced yard is fenced and provides outdoor space for equipment, fleet parking, and other operations.
Key Highlights
- Three buildings totaling 9,273 SF on 3.51 acres
- Light Industrial zoning in northwest Rapid City
- Main building includes six private offices and two reception areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$81,371
Cap Rate
7.23%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,627,420
$1.6M
Cap Rate 7%
$1,162,443
$1.2M
Cap Rate 9%
$904,122
$904.1K
Market Conditions
NOI Build-Up for 9,273 SF
Gross rent
$139.1K $15.00/SF
− Vacancy
−$13.9K −$1.50/SF
EGI
$125.2K $13.50/SF
− OpEx
−$43.8K −$4.73/SF
NOI
$81.4K $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%
$1,627,420
Cap Rate 7%
$1,162,443
Cap Rate 9%
$904,122
Alternative Uses
Best Use
Flex RnD
$1.16M
$1.02M – $1.36M
NOI $81,371 @ 7.0% cap · market cap 7.23%
Second Best
Industrial
$676.3K
$591.8K – $789.0K
NOI $47,340 @ 7.0% cap · market cap 4.21%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,674 @ 7.0% cap · market cap 10.46%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
28
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
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
Frequently Asked Questions
What type of property is this?
Flex space - Three buildings combine office areas, workshop and garage bays, cold storage, and a gated asphalt yard.
Where is this flex space located?
The property is located at 4404 Universal Dr. Rapid City, SD.
What is the asking price?
The asking price for this property is $1,125,000.
What are key features of this property?
This property features: Three buildings totaling 9,273 SF on 3.51 acres; Light Industrial zoning in northwest Rapid City; Main building includes six private offices and two reception areas
