Property profile

0 Marlin Dr Rapid City, SD 57703

OFF-MARKET
Land
3.11 ac lot
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Property summary

AI-generated overview

This exceptional 3.11-acre commercial property in Rapid City, South Dakota, presents a lucrative investment opportunity. Located in the Marlin Drive Commercial Park, this land offers a ready-to-build hotel/apartment project. Complete architectural and civil plans, compliant with city regulations, are included, streamlining the development process and eliminating permitting delays. The property boasts a prime location near the intersection of Elk Vale Road and East Minnesota Street, along the Highway 16 bypass, experiencing high daily traffic (22,000 vehicles). This ensures excellent visibility and accessibility. Its proximity to the Rapid City Regional Airport (8 miles) further enhances its appeal to travelers. The permitted zoning is General Commercial, making it ideal for a hospitality-focused development to meet the growing demand for accommodations in the area. The asking price for this turnkey development opportunity is $624,900. This property is agent-owned and offers a significant competitive advantage due to the pre-approved plans.

Property profile

Verified
Property type Land
Lot 3.11 ac (135,472 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Marlin Dr Rapid City, SD 57703
Rapid City metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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