Office Suites with Tall
For Sale
Contact for pricing
522 7th St, Rapid City, SD 57701
Upper-floor workspaces include hardwood flooring and distinctive architectural details.
Property Size422 SF
Days on Market170
Property Features for 522 7th St
General Information
Standard status
Active
Size
422 SF
Additional Details
Property Use
Office
Amenities
tall windows
hardwood floors
vintage architectural details
Building Details
Buildings
1
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
Lisa Williams
(605) 484-5802
Source:
Exprealty
Added: May 21
Changed: Nov 1
Last Checked: Nov 4 at 3:26PM
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.
Office suites occupy the upper levels of the Buell Building at 522 7th St in downtown Rapid City. Tall windows bring in natural light, while hardwood floors and vintage architectural details distinguish the interiors. Private offices are offered in a range of sizes, and a salon suite is fitted with a salon chair.
The building sits next to Art Alley in a walkable downtown area, with local businesses and tourism activity nearby.
The building sits next to Art Alley in a walkable downtown area, with local businesses and tourism activity nearby.
Key Highlights
- Upper‑level private offices in a range of sizes
- Tall windows, hardwood floors, and vintage architectural details
- Salon suite includes a salon chair
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$4,035
Suggested Prices Based on Cap Rates
Cap Rate 5%
$80,700
$80.7K
Cap Rate 7%
$57,643
$57.6K
Cap Rate 9%
$44,833
$44.8K
Market Conditions
NOI Build-Up for 422 SF
Gross rent
$6.3K $15.00/SF
− Vacancy
−$950 −$2.25/SF
EGI
$5.4K $12.75/SF
− OpEx
−$1.3K −$3.19/SF
NOI
$4.0K $9.56/SF
Area
Pennington County, SD
Vacancy
15.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$80,700
Cap Rate 7%
$57,643
Cap Rate 9%
$44,833
Alternative Uses
Best Use
Office B
$57.6K
$50.4K – $67.3K
NOI $4,035 @ 7.0% cap · market cap 403,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$76.5K
$66.9K – $89.3K
NOI $5,355 @ 7.0% cap · market cap 535,500.00%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,328
Businesses Nearby
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - Upper-floor workspaces include hardwood flooring and distinctive architectural details.
Where is this office unit located?
The property is located at 522 7th St Rapid City, SD.
What are key features of this property?
This property features: Upper‑level private offices in a range of sizes; Tall windows, hardwood floors, and vintage architectural details; Salon suite includes a salon chair
