Second-Floor Office
For Sale
Contact for pricing
731 Saint Joseph St, Rapid City, SD 57701
Natural light and a functional plan support a range of professional uses.
Property Size1,595 SF
Days on Market115
Property Features for 731 Saint Joseph St
General Information
Standard status
Active
Size
1,595 SF
Additional Details
Floor
2
Property Use
Office
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
GINA PLOOSTER · License #SD 16979
(605) 519-0749
Source:
Exprealty
Added: Jul 15
Changed: Nov 4
Last Checked: Nov 4 at 2:23PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Suite 263 provides 1,595 square feet of office space on the second floor of a historic downtown Rapid City building. The suite has natural light and a functional layout. Building details include restored marble floors and original architectural features.
At the corner of St. Joseph Street and Mt. Rushmore Road, the property is within walking distance of restaurants and services.
At the corner of St. Joseph Street and Mt. Rushmore Road, the property is within walking distance of restaurants and services.
Key Highlights
- 1,595‑square‑foot office suite on the second floor
- Suite 263 features natural light and a functional layout
- Historic building with restored marble floors and original architectural details
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$15,252
Suggested Prices Based on Cap Rates
Cap Rate 5%
$305,040
$305.0K
Cap Rate 7%
$217,886
$217.9K
Cap Rate 9%
$169,467
$169.5K
Market Conditions
NOI Build-Up for 1,595 SF
Gross rent
$23.9K $15.00/SF
− Vacancy
−$3.6K −$2.25/SF
EGI
$20.3K $12.75/SF
− OpEx
−$5.1K −$3.19/SF
NOI
$15.3K $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%
$305,040
Cap Rate 7%
$217,886
Cap Rate 9%
$169,467
Alternative Uses
Best Use
Office B
$217.9K
$190.7K – $254.2K
NOI $15,252 @ 7.0% cap · market cap 1,525,200.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$289.2K
$253.0K – $337.4K
NOI $20,241 @ 7.0% cap · market cap 2,024,100.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
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 - Natural light and a functional plan support a range of professional uses.
Where is this office unit located?
The property is located at 731 Saint Joseph St Rapid City, SD.
What are key features of this property?
This property features: 1,595‑square‑foot office suite on the second floor; Suite 263 features natural light and a functional layout; Historic building with restored marble floors and original architectural details
