Flex Space with Fenced
832 E Omaha St, Rapid City, SD 57701
For Sale
Contact for pricing
Heated shop space includes office or break-room area, a restroom, and outdoor equipment storage.
Property Size2,400 SF
Lot Size0.37 Acres
Days on Market205
Property Features for 832 E Omaha St
General Information
Standard status
Size
Lot size
Additional Details
Road Access
Amenities
overhead doors
240V/400A 3-phase power
private office or break room
restroom
fenced rear yard
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
GINA PLOOSTER · License SD #16979
(605) 519-0749
Source:
Exprealty
Added: Apr 20
Changed: Nov 6
Last Checked: Nov 8 at 6:26AM
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.
This 2,400-square-foot heated flex building combines an open work area with a private office or break room and a restroom. Two 12' x 12' overhead doors, 13' clear height, and 240V/400A three-phase power serve the building. Automotive repair is not permitted.
The 0.37-acre property fronts E Omaha Street in Rapid City, between Lacrosse Street and Cambell Street. Off-street parking and a fenced rear yard provide on-site space for storage or equipment staging.
The 0.37-acre property fronts E Omaha Street in Rapid City, between Lacrosse Street and Cambell Street. Off-street parking and a fenced rear yard provide on-site space for storage or equipment staging.
Key Highlights
- 2,400‑square‑foot heated flex building
- Two 12' x 12' overhead doors and 13' clear height
- 240V/400A three‑phase power
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$12,252
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,040
$245.0K
Cap Rate 7%
$175,029
$175.0K
Cap Rate 9%
$136,133
$136.1K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$18.7K $7.80/SF
− Vacancy
−$1.2K −$0.51/SF
EGI
$17.5K $7.29/SF
− OpEx
−$5.3K −$2.19/SF
NOI
$12.3K $5.11/SF
Area
Pennington County, SD
Vacancy
6.50%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$245,040
Cap Rate 7%
$175,029
Cap Rate 9%
$136,133
Alternative Uses
Best Use
Flex RnD
$300.9K
$263.3K – $351.0K
NOI $21,060 @ 7.0% cap
Second Best
Industrial
$175.0K
$153.2K – $204.2K
NOI $12,252 @ 7.0% cap
Theoretical Best
Specialty Retail
$435.1K
$380.7K – $507.6K
NOI $30,456 @ 7.0% cap
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
563
Businesses Nearby
Balanced
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Heated shop space includes office or break-room area, a restroom, and outdoor equipment storage.
Where is this flex space located?
The property is located at 832 E Omaha St Rapid City, SD.
What are key features of this property?
This property features: 2,400‑square‑foot heated flex building; Two 12' x 12' overhead doors and 13' clear height; 240V/400A three‑phase power
