Rapid City Commercial
For Sale
$1,845,000
544 Century Rd, Rapid City, SD 57701
Commercial property available for sale in Rapid City, South Dakota.
Property Size15,874 SF
Price / SF$116.23
Days on Market113
Property Features for 544 Century Rd
General Information
Standard status
Active
Size
15,874 SF
Listing Agency:
RE/MAX RESULTS
(605) 390-2735
Listed By:
TOM RAU · License #4661
(605) 390-2735
Source:
Exprealty
Added: May 4
Changed: Aug 23
Last Checked: Jul 24 at 7:19AM
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
Investment Insights
Based on property information with market context.
This commercial property, located in Pennington County, Rapid City, South Dakota, offers 15,874 square feet of space. The property is suitable for warehouses, industrial purposes, retail space, office units, and other commercial real estate ventures.
Key Highlights
- Central air cooling for those warm days.
- Forced air heating to keep you cozy.
- Enjoy the city view.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$151,795
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
8.23%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,035,900
$3.0M
Cap Rate 7%
$2,168,500
$2.2M
Cap Rate 9%
$1,686,611
$1.7M
Market Conditions
NOI Build-Up for 15,874 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$238.1K $15.00/SF
− Vacancy
−$35.7K −$2.25/SF
EGI
$202.4K $12.75/SF
− OpEx
−$50.6K −$3.19/SF
NOI
$151.8K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,035,900
Cap Rate 7%
$2,168,500
Cap Rate 9%
$1,686,611
Alternative Uses
Best Use
Retail
$2.63M
$2.30M – $3.07M
NOI $184,011 @ 7.0% cap · market cap 9.97%
Second Best
Office B
$2.17M
$1.90M – $2.53M
NOI $151,795 @ 7.0% cap · market cap 8.23%
Theoretical Best
Specialty Retail
$2.88M
$2.52M – $3.36M
NOI $201,441 @ 7.0% cap · market cap 10.92%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
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 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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Black Hills Self Storage — 1600 SD-44, Rapid City, SD 57703
- D & S Mini Storage — 1300 Centre St, Rapid City, SD 57703
- A-1 Mini Storage — 840 Spruce St # 13, Rapid City, SD 57701
- Worth Western Warehouse Co. — Rapid City, SD 57701
- Storage City Self Storage- E Chicago — 875 E Chicago St, Rapid City, SD 57701
Frequently Asked Questions
What type of property is this?
Warehouse - Commercial property available for sale in Rapid City, South Dakota.
Where is this warehouse located?
The property is located at 544 Century Rd Rapid City, SD.
What is the asking price?
The asking price for this property is $1,845,000.
What are key features of this property?
This property features: Central air cooling for those warm days.; Forced air heating to keep you cozy.; Enjoy the city view.
