Remodeled Lower-Level Office
528 Kansas City St, Rapid City, SD 57701
For Sale
Contact for pricing
The office layout includes a kitchen, conference room, multiple private offices, and three restrooms.
Property Size2,378 SF
Days on Market184
Property Features for 528 Kansas City St
General Information
Standard status
Size
Total Parking Spaces
Additional Details
Floor
Property Use
Amenities
kitchen area
conference room
Listing Agency:
RE/MAX RESULTS
Listed By:
TREVOR JOHNSON · License SD #16886
(605) 431-2032
Source:
Exprealty
Added: May 14
Changed: Nov 12
Last Checked: Nov 12 at 2:37PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A remodeled lower-level office suite at 528 Kansas City St offers 2,378 square feet of workspace in downtown Rapid City. The layout includes several offices, a conference room, a kitchen area, and three restrooms.
The gross lease includes utilities other than phone and internet. Two parking spaces in a private lot are included.
The gross lease includes utilities other than phone and internet. Two parking spaces in a private lot are included.
Key Highlights
- 2,378‑square‑foot office suite in downtown Rapid City
- Remodeled lower‑level workspace
- Multiple offices and a conference room
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,740
Suggested Prices Based on Cap Rates
Cap Rate 5%
$454,800
$454.8K
Cap Rate 7%
$324,857
$324.9K
Cap Rate 9%
$252,667
$252.7K
Market Conditions
NOI Build-Up for 2,378 SF
Gross rent
$35.7K $15.00/SF
− Vacancy
−$5.4K −$2.25/SF
EGI
$30.3K $12.75/SF
− OpEx
−$7.6K −$3.19/SF
NOI
$22.7K $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%
$454,800
Cap Rate 7%
$324,857
Cap Rate 9%
$252,667
Alternative Uses
Best Use
Office B
$324.9K
$284.3K – $379.0K
NOI $22,740 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$431.1K
$377.2K – $503.0K
NOI $30,177 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,188
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - The office layout includes a kitchen, conference room, multiple private offices, and three restrooms.
Where is this office unit located?
The property is located at 528 Kansas City St Rapid City, SD.
What are key features of this property?
This property features: 2,378‑square‑foot office suite in downtown Rapid City; Remodeled lower‑level workspace; Multiple offices and a conference room
