Office Units with Shared
For Sale
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811 E Saint Andrew St, Rapid City, SD 57701
A shared break room and waiting area serve the office occupants.
Property Size3,349 SF
Days on Market537
Property Features for 811 E Saint Andrew St
General Information
Standard status
Active
Size
3,349 SF
Total Parking Spaces
20
Additional Details
Utilities to Site
Yes
Property Use
Office
Amenities
shared break room
waiting area
Building Details
Tenancy
Multi
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
Lisa Williams
(605) 484-5802
Source:
Exprealty
Added: May 19, 2025
Changed: Nov 3
Last Checked: Nov 4 at 7:18PM
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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Investment Insights
Based on property information with market context.
The 3,349-square-foot office property includes a communal break room and waiting area, with off-street parking for 11–20 vehicles.
At 811 E Saint Andrew St in Rapid City, the property is one block from Saint Patrick St.
At 811 E Saint Andrew St in Rapid City, the property is one block from Saint Patrick St.
Key Highlights
- 3,349‑square‑foot office property
- Off‑street parking for 11–20 vehicles
- Shared break room and waiting area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,025
Suggested Prices Based on Cap Rates
Cap Rate 5%
$640,500
$640.5K
Cap Rate 7%
$457,500
$457.5K
Cap Rate 9%
$355,833
$355.8K
Market Conditions
NOI Build-Up for 3,349 SF
Gross rent
$50.2K $15.00/SF
− Vacancy
−$7.5K −$2.25/SF
EGI
$42.7K $12.75/SF
− OpEx
−$10.7K −$3.19/SF
NOI
$32.0K $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%
$640,500
Cap Rate 7%
$457,500
Cap Rate 9%
$355,833
Alternative Uses
Best Use
Office B
$457.5K
$400.3K – $533.8K
NOI $32,025 @ 7.0% cap · market cap 3,202,500.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$607.1K
$531.2K – $708.3K
NOI $42,499 @ 7.0% cap · market cap 4,249,900.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
890
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 - A shared break room and waiting area serve the office occupants.
Where is this office unit located?
The property is located at 811 E Saint Andrew St Rapid City, SD.
What are key features of this property?
This property features: 3,349‑square‑foot office property; Off‑street parking for 11–20 vehicles; Shared break room and waiting area
