519 Kansas City St Rapid City, SD 57701
This exceptional 3,060-square-foot Class A office suite, located at 519 Kansas City St in Rapid City, South Dakota, is ready for immediate occupancy on August 1st, 2024. Situated in the City Center, this second-floor space boasts a thoughtfully designed layout including four private offices, a spacious conference room, multiple individual cubicles, male and female restrooms, and a convenient breakroom/kitchenette. Clerestory windows flood the interior with abundant natural light. The suite offers private front entrances accessed via a secured staircase. Furniture is included, comprising cubicle desks, a conference table, and filing cabinets. Parking is readily available, with both on-street and off-street options, including a potential garage stall. The property is zoned for General Commercial use and sits on a 0.24-acre lot within a single, two-story building constructed in 1998. The building offers 10-20 total parking spaces but lacks elevators. The lease rate is $15.50 per square foot annually, gross, with utilities included, totaling $3,952.50 per month. This is a single-tenancy space in Pennington County, zip code 57701.
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Creative Planning Financial Advisor
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.