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    Old Folsom Rd Rapid City, SD 57701

    Sponsored
    For Lease
    $9 SF/Yr ($18,750 /Mo)

    New 25,000 SF Manufacturing/Warehouse

    Lot size:
    25,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional single-tenant industrial property, located at the intersection of Elk Vale Road and Old Folsom Road in Rapid City, South Dakota, offers 25,000 square feet of versatile space ideal for manufacturing, warehousing, or distribution operations. Completed in 2024, this modern building boasts a 22-foot ceiling height, providing ample room for storage and operations. The property features three loading docks, three dock-high doors, and four drive-in doors, ensuring efficient loading and unloading of goods. Three-phase power is readily available. The building sits on a single story and is zoned for industrial use within Pennington County. Its convenient location in Rapid City, zip code 57701, provides easy access to major transportation routes, making it an attractive option for businesses seeking a strategic location in the thriving South Dakota market. This is a brand-new construction, offering a modern and efficient workspace ready for immediate occupancy. The property's size and features make it suitable for a variety of industrial uses, providing a significant opportunity for growth and expansion. This is a rare opportunity to secure a state-of-the-art industrial facility in a prime location.

    Property Features for 0 Old Folsom Rd

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    25,000 SF
    Total Rate
    18750

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    25,000 SF
    Rate per SF
    $9

    HighLights

    • Southeast corner of SD Hwy 79 & Old Folsom Road, Rapid City, SD.
    • New construction, completed in 2024.
    • 25,000+/- SF industrial space, expandable to suit tenant needs; negotiable office build‑out.
    • Convenient access to Elk Vale Road.
    • Three‑phase power.
    • Fire suppression system.
    Property Profile Location Intelligence

    Current Use by Public Records

    Manufacturing properties

    Map

    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.1732376
    Latitude
    44.0260391

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    FAQs

    What type of property is this?
    Distribution property - New 25,000 SF Manufacturing/Warehouse
    Where is this distribution property located?
    The property is located at Old Folsom Rd Rapid City, SD.
    What is the lease rate?
    The lease rate is $9 SF/Yr.
    What are key features of this property?
    This property features: Southeast corner of SD Hwy 79 & Old Folsom Road, Rapid City, SD.; New construction, completed in 2024.; 25,000+/- SF industrial space, expandable to suit tenant needs; negotiable office build-out.
    Request Owner's contact information
    Old Folsom Rd Rapid City, SD 57701
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    Rapid City, SD 57701
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Old Folsom Rd Rapid City, SD 57701
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