New Construction
521 N Creek Dr, Rapid City, SD 57703
For Sale
Contact for pricing
Configurable space includes three-phase power and an ADA-compliant restroom.
Property Size1,800 SF
Days on Market415
Property Features for 521 N Creek Dr
General Information
Standard status
Size
Warehouse & Industrial
Three-Phase Power
Sprinkler System
Additional Details
Property Use
Listing Agency:
CONRAD & COMPANY
Listed By:
MARCI WIESELER
(605) 786-4323
Source:
Exprealty
Added: Sep 22, 2025
Changed: Nov 9
Last Checked: Nov 8 at 8:31AM
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 CONRAD & COMPANY
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Investment Insights
Based on property information with market context.
This new-construction warehouse offers space configurations from 1,800 to 7,200 square feet, with custom build-out available. The building includes 14' x 12' overhead doors, a unit heater, an ADA-compliant restroom, three-phase power, and a fire suppression system.
The property is near I-90 and Hwy 44, with Menards also in the vicinity.
The property is near I-90 and Hwy 44, with Menards also in the vicinity.
Key Highlights
- New construction with configurations from 1,800 to 7,200 SF
- 14' x 12' overhead doors
- Three‑phase power and fire suppression system
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,452
Suggested Prices Based on Cap Rates
Cap Rate 5%
$249,040
$249.0K
Cap Rate 7%
$177,886
$177.9K
Cap Rate 9%
$138,356
$138.4K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$15.6K $8.64/SF
− Vacancy
−$902 −$0.50/SF
EGI
$14.6K $8.14/SF
− OpEx
−$2.2K −$1.22/SF
NOI
$12.5K $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%
$249,040
Cap Rate 7%
$177,886
Cap Rate 9%
$138,356
Alternative Uses
Best Use
Warehouse
$177.9K
$155.7K – $207.5K
NOI $12,452 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$326.3K
$285.5K – $380.7K
NOI $22,842 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
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Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Trade Area within ½ mile
349
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 57703, SD
16,933
Population
7,476
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
92%
High-School Grad
129.8 sq mi
ZIP Area
130
Density / Sq Mi
$84,495
Median Household Income
$41,342
Median Earnings
$1,394
Median Rent
$250,300
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
- D & S Mini Storage — 1300 Centre St, Rapid City, SD 57703
- Black Hills Self Storage — 1600 SD-44, Rapid City, SD 57703
- Storage City Self Storage- E Chicago — 875 E Chicago St, Rapid City, SD 57701
- Worth Western Warehouse Co. — Rapid City, SD 57701
- A-1 Mini Storage — 840 Spruce St # 13, Rapid City, SD 57701
Frequently Asked Questions
What type of property is this?
Warehouse - Configurable space includes three-phase power and an ADA-compliant restroom.
Where is this warehouse located?
The property is located at 521 N Creek Dr Rapid City, SD.
What are key features of this property?
This property features: New construction with configurations from 1,800 to 7,200 SF; 14' x 12' overhead doors; Three‑phase power and fire suppression system
