Retail Storefront
For Sale
$1,900,000
826 Main St, Rapid City, SD 57701
For-sale storefront retail property in Pennington County, offered with a stated size of 12,300.
Property Size12,300 SF
Price / SF$154.47
Days on Market156
Property Features for 826 Main St
General Information
Standard status
Active
Size
12,300 SF
Listing Agency:
RE/MAX ADVANTAGE
Listed By:
JOEY ONEAL
(605) 786-8776
Source:
Exprealty
Added: May 22
Changed: Oct 15
Last Checked: Oct 23 at 10:25AM
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 ADVANTAGE
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 for-sale retail storefront property is located at 826 MAIN ST in Rapid City, South Dakota, and is identified in the listing as being in Pennington County. The property is offered at a stated list price of $1,900,000 and includes a total property size of 12,300.
The available information is limited to the address, county, transaction type, list price, and overall size. Additional details such as interior layout, unit mix, tenancy, and specific building features are not provided in the source data, so due diligence will be required to confirm condition and configuration for prospective buyers.
The available information is limited to the address, county, transaction type, list price, and overall size. Additional details such as interior layout, unit mix, tenancy, and specific building features are not provided in the source data, so due diligence will be required to confirm condition and configuration for prospective buyers.
Key Highlights
- For‑sale storefront retail property in Pennington County (stated size: 12,300).
- Central air conditioning and forced‑air heating.
- Partial basement.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$142,582
Cap Rate
7.50%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,851,640
$2.9M
Cap Rate 7%
$2,036,886
$2.0M
Cap Rate 9%
$1,584,244
$1.6M
Market Conditions
NOI Build-Up for 12,300 SF
Gross rent
$221.4K $18.00/SF
− Vacancy
−$17.7K −$1.44/SF
EGI
$203.7K $16.56/SF
− OpEx
−$61.1K −$4.97/SF
NOI
$142.6K $11.59/SF
Area
Pennington County, SD
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,851,640
Cap Rate 7%
$2,036,886
Cap Rate 9%
$1,584,244
Alternative Uses
Best Use
Retail
$2.04M
$1.78M – $2.38M
NOI $142,582 @ 7.0% cap · market cap 7.50%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$2.23M
$1.95M – $2.60M
NOI $156,087 @ 7.0% cap · market cap 8.22%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,196
Businesses Nearby
81k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 33%
Dining 28%
Hotels & Casinos 14%
Electronics 10%
Exxon
Shops & Services
9,783 visits/mo
0.3 miles
Pancheros Mexican Grill
Dining
8,943 visits/mo
0.3 miles
Office Depot
Office Supplies
8,102 visits/mo
0.4 miles
Wells Fargo
Shops & Services
7,068 visits/mo
0.1 miles
Hardee's
Dining
6,431 visits/mo
0.4 miles
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 Retail in Midwest region
Similar Off Market Nearby
- Rapid City Funeral Flowers The Best For Less — 1305 Mt Rushmore Rd, Rapid City, SD 57701
- Forget-Me-Not Floral — 605 main st, rapid city, sd 57701
- Victoria's Garden — 320 7th St, Rapid City, SD 57701
Frequently Asked Questions
What type of property is this?
Storefront property - For-sale storefront retail property in Pennington County, offered with a stated size of 12,300.
Where is this storefront property located?
The property is located at 826 Main St Rapid City, SD.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: For‑sale storefront retail property in Pennington County (stated size: 12,300).; Central air conditioning and forced‑air heating.; Partial basement.
