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Flex Space with Warehouse Expansion
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865 N Valley Dr, Rapid City, SD 57703

A developing industrial and office-warehouse property offers flexible leasing, from an individual space to the full property.

Space Size1,792 SF - 2,016 SF
Days on Market10

Property Features for 865 N Valley Dr

General Information

Standard status Active
Size 1,792 SF - 2,016 SF
Property subtype Office, Industrial

Warehouse & Industrial

Warehouse Space 1,792 SF
Office Build-Out 2,016 SF

Additional Details

Divisible Yes
Highway Access Yes

Spaces For Lease

at 865 N Valley Dr Contact us

Future Bay 2

Size
1,792 SF
Availability
Active
Contact us

Future Bay 3

Size
1,792 SF
Availability
Active
Contact us

Office

Size
2,016 SF
Availability
Active
Contact us

Shop Bay #1

Size
1,792 SF
Availability
Active
Contact us
Listing Agency: NorthStar Realty
Listed By: Christian Morgan · License #21463
Source: Crexi
Added: Sep 17 Changed: Sep 24 Last Checked: Sep 24 at 6:31AM

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 NorthStar Realty

Investment Insights

Based on property information with market context.

Under construction at 865 N Valley Dr, this flex property combines approximately 2,016 SF of office space with 1,792 SF of warehouse area. Plans also include 3,584 SF of future warehouse expansion potential. Leasing is available by individual space or across the full property.

The site is in Rapid City, near I-90, Rushmore Crossing, and Menards.

Key Highlights

  • Approximately 2,016 SF of office space and 1,792 SF of warehouse space
  • 3,584 SF of future warehouse expansion potential
  • Leasing available by individual space or for the entire property

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Real Estate Agency Electrical Service Law Firm Plumbing Service Garden Center Grocery & Convenience Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

Yes
Highway access
NNN (Triple Net)
Lease Type

Location Intelligence

Trade Area within ½ mile

156
Businesses Nearby
Balanced
Demand for This Use

Demographics for 57703, SD

16,933
Population
7,476
Households
2.3
Avg Household Size
37
Median Age
21%
College-Educated
92%
High-School Grad
129.8 sq mi
ZIP Area
130
Density / Sq Mi
$84,495
Median Household Income
$41,342
Median Earnings
$1,394
Median Rent
$250,300
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019
4.9% 2020
3.6% 2021
3.1% 2022
4.6% 2023
5% 2024
4.9% 2025
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Frequently Asked Questions

What type of property is this?
Flex space - A developing industrial and office-warehouse property offers flexible leasing, from an individual space to the full property.
Where is this flex space located?
The property is located at 865 N Valley Dr Rapid City, SD.
What are key features of this property?
This property features: Approximately 2,016 SF of office space and 1,792 SF of warehouse space; 3,584 SF of future warehouse expansion potential; Leasing available by individual space or for the entire property
(970) 396-8100 Call to check price and availability
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