Fourth-Floor Office
For Sale
Contact for pricing
909 Saint Joseph St, Rapid City, SD 57701
A refreshed workspace offers private offices, meeting rooms, and an open work area in a downtown civic and financial district.
Property Size2,593 SF
Days on Market188
Property Features for 909 Saint Joseph St
General Information
Standard status
Active
Size
2,593 SF
Total Parking Spaces
3
Additional Details
Floor
4
Property Use
Office
Listing Agency:
KELLER WILLIAMS REALTY BLACK HILLS
Listed By:
GINA PLOOSTER · License #SD 16979
(605) 519-0749
Source:
Exprealty
Added: Apr 27
Changed: Oct 30
Last Checked: Oct 30 at 3:36PM
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.
This 2,593-square-foot office suite occupies the fourth floor of Turnac Tower. Its layout includes three private offices, two conference rooms, and open workspace, with new paint and carpet. An additional 430 square feet of common area can be reserved for exclusive use at additional rent. The gross lease includes utilities.
On St. Joseph Street in downtown Rapid City, the property is within walking distance of government offices, dining, and everyday services. Three reserved parking spaces are included; up to three more reserved spaces may be available for an added fee, and public parking is nearby.
On St. Joseph Street in downtown Rapid City, the property is within walking distance of government offices, dining, and everyday services. Three reserved parking spaces are included; up to three more reserved spaces may be available for an added fee, and public parking is nearby.
Key Highlights
- 2,593 SF office suite on the fourth floor of Turnac Tower
- Three private offices, two conference rooms, and open workspace
- Updated with new paint and carpet
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$24,796
Suggested Prices Based on Cap Rates
Cap Rate 5%
$495,920
$495.9K
Cap Rate 7%
$354,229
$354.2K
Cap Rate 9%
$275,511
$275.5K
Market Conditions
NOI Build-Up for 2,593 SF
Gross rent
$38.9K $15.00/SF
− Vacancy
−$5.8K −$2.25/SF
EGI
$33.1K $12.75/SF
− OpEx
−$8.3K −$3.19/SF
NOI
$24.8K $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%
$495,920
Cap Rate 7%
$354,229
Cap Rate 9%
$275,511
Alternative Uses
Best Use
Office B
$354.2K
$310.0K – $413.3K
NOI $24,796 @ 7.0% cap · market cap 2,479,600.00%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$470.1K
$411.3K – $548.4K
NOI $32,905 @ 7.0% cap · market cap 3,290,500.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,196
Businesses Nearby
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
Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Office unit - A refreshed workspace offers private offices, meeting rooms, and an open work area in a downtown civic and financial district.
Where is this office unit located?
The property is located at 909 Saint Joseph St Rapid City, SD.
What are key features of this property?
This property features: 2,593 SF office suite on the fourth floor of Turnac Tower; Three private offices, two conference rooms, and open workspace; Updated with new paint and carpet
