Main-Floor Medical Office
For Sale
Contact for pricing
631 Saint Anne St, Rapid City, SD 57701
A flexible office layout includes private rooms suited to clinical or professional operations.
Property Size3,692 SF
Days on Market395
Property Features for 631 Saint Anne St
General Information
Standard status
Active
Size
3,692 SF
Additional Details
Floor
Main Floor
Road Access
Yes
Property Use
Medical Office
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
Lisa Williams
(605) 484-5802
Source:
Exprealty
Added: Oct 2, 2025
Changed: Oct 31
Last Checked: Oct 31 at 3:14AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This main-floor medical office suite offers 3,692 square feet arranged across 11 private offices or exam rooms, with two restrooms. Its existing room configuration supports medical or professional office use.
The property is just off Mt. Rushmore Road in Rapid City, near Safeway and Monument Health Clinic. Parking is available, and the suite has access from the nearby road.
The property is just off Mt. Rushmore Road in Rapid City, near Safeway and Monument Health Clinic. Parking is available, and the suite has access from the nearby road.
Key Highlights
- 3,692‑square‑foot suite on the main floor
- 11 private offices or exam rooms
- Two restrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,305
Suggested Prices Based on Cap Rates
Cap Rate 5%
$706,100
$706.1K
Cap Rate 7%
$504,357
$504.4K
Cap Rate 9%
$392,278
$392.3K
Market Conditions
NOI Build-Up for 3,692 SF
Gross rent
$55.4K $15.00/SF
− Vacancy
−$8.3K −$2.25/SF
EGI
$47.1K $12.75/SF
− OpEx
−$11.8K −$3.19/SF
NOI
$35.3K $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%
$706,100
Cap Rate 7%
$504,357
Cap Rate 9%
$392,278
Alternative Uses
Best Use
Healthcare Medical
$608.1K
$532.1K – $709.4K
NOI $42,565 @ 7.0% cap · market cap 4,256,500.00%
Second Best
Office B
$504.4K
$441.3K – $588.4K
NOI $35,305 @ 7.0% cap · market cap 3,530,500.00%
Theoretical Best
Specialty Retail
$669.3K
$585.6K – $780.9K
NOI $46,851 @ 7.0% cap · market cap 4,685,100.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
1,343
Businesses Nearby
Under-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Similar Off Market Nearby
- Noah's Ark Animal Hospital, LLC — 1315 Mt Rushmore Rd, Rapid City, SD 57701
Frequently Asked Questions
What type of property is this?
Medical Office Space - A flexible office layout includes private rooms suited to clinical or professional operations.
Where is this medical office space located?
The property is located at 631 Saint Anne St Rapid City, SD.
What are key features of this property?
This property features: 3,692‑square‑foot suite on the main floor; 11 private offices or exam rooms; Two restrooms
