940 Kennel Dr, Rapid City, SD 57703
Industrial warehouse with multiple loading options, office build-out, and exterior storage for flexible manufacturing use.
- Added:
- Apr 2, 2025
- Days on Market:
- 440
- Last Refresh:
- Jun 13 at 3:45 am
Property Features for 940 Kennel Dr
General Information
- Standard status
- Active
- Size
- 13,568 SF
- Lot size
- 2.23 Acres
Listing agent CHRISTOPHER LONG (605) 939-4489
Listing office KELLER WILLIAMS REALTY BLACK HILLS (605) 939-4489
Listing date Apr 2, 2025
Source Exprealty
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
HighLights
- 13,568 SF industrial warehouse on a 2.23‑acre lot with ample outdoor storage
- Warehouse includes 5 exterior loading docks: four 9' x 8' with bumpers plus one 9' x 10', and an 8' x 10' drive‑in overhead door
- 3,168 SF finished office space with conference room, break area, lab, locker room, and open work area
- Infrastructure for large refrigeration bays and previously used for wine production (formerly US Foods)
- 3‑phase power with an 800‑amp panel for manufacturing support
- Available for lease at $9.00/SF NNN
Overview
The building is located just off Highway 44 near Western Dakota Tech, with access to Elk Vale Road/Hwy 16 Bypass and Campbell Street/Hwy 79. It sits on a 2.23-acre lot with ample outdoor storage, providing room for equipment staging or storage needs.
Designed for hands-on industrial users, the combination of loading capacity, office/lab improvements, and heavy electrical service supports manufacturing-oriented tenants and operators. Prior use is noted as US Foods and most recently for wine production, with refrigeration-related infrastructure available for buyers evaluating food or temperature-controlled workflows.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $203.5k | $15.00 |
| − Vacancy | −$30.5k | −$2.25 |
| EGI | $173.0k | $12.75 |
| − OpEx | −$43.2k | −$3.19 |
| NOI | $129.7k | $9.56 |
Alternative Uses
Current Use by Public Records
Similar Places Nearby
- Dakota Warehouse — 1313 E Saint Patrick St, Rapid City, SD 57701
- Extra Storage — 1800 E Saint Patrick St, Rapid City, SD 57703
- Westar Storage LLC — 2340 E Saint Patrick St, Rapid City, SD 57703
- Sto-N-Go Storage Units — 1852 Lombardy Dr, Rapid City, SD 57703
- Mini Stor All — 2015 Cambell St, Rapid City, SD 57701
Location Insight
- Map
- Local Demand
- City
- Rapid City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.1838259
- Latitude
- 44.0761323
