Warehouse Unit with Overhead
543 N Creek Dr, Rapid City, SD 57703
For Sale
Contact for pricing
The space includes three-phase power, a unit heater, fire suppression, and an ADA-compliant restroom.
Property Size1,800 SF
Days on Market254
Property Features for 543 N Creek Dr
General Information
Standard status
Size
Warehouse & Industrial
Warehouse Space
Three-Phase Power
Additional Details
Property Use
Listing Agency:
CONRAD & COMPANY
Listed By:
MARCI WIESELER
(605) 786-4323
Source:
Exprealty
Added: Mar 2
Changed: Nov 6
Last Checked: Nov 8 at 8:18AM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This newly built warehouse unit contains 1,800 square feet and has a 14-by-12-foot overhead door. Interior features include a unit heater, three-phase power, fire suppression, and one ADA-compliant restroom. An office can be added, and custom build-out is also an option.
The property is near I-90 and Highway 44, with Menards nearby. The address is 543 N Creek Dr in Rapid City, South Dakota.
The property is near I-90 and Highway 44, with Menards nearby. The address is 543 N Creek Dr in Rapid City, South Dakota.
Key Highlights
- 1,800‑square‑foot warehouse unit
- 14' x 12' overhead door
- Three‑phase power, unit heater, 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
Current Use
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
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 - The space includes three-phase power, a unit heater, fire suppression, and an ADA-compliant restroom.
Where is this warehouse located?
The property is located at 543 N Creek Dr Rapid City, SD.
What are key features of this property?
This property features: 1,800‑square‑foot warehouse unit; 14' x 12' overhead door; Three‑phase power, unit heater, and fire suppression system
