1704 Elk Vale Rd Rapid City, SD 57703
This exceptional 5.95-acre commercial land tract, identified as Tract B of Quail Ridge, presents a prime development opportunity in Rapid City, South Dakota. Strategically located at 1704 Elk Vale Rd, zip code 57703, in Pennington County, this property boasts a highly visible and accessible location. Its Office Commercial zoning allows for a diverse range of commercial uses, making it ideal for businesses seeking high visibility and convenient access. The land is situated adjacent to and surrounding the Safeway Center, a key location benefiting from high traffic counts due to its proximity to Interstate 90 and Highway 44. This prime location is well-suited for commercial development and high-density multi-family projects, offering significant potential for future growth and return on investment. The asking price for this exceptional property is $1,943,865. The property is owned by an LLC and is ready for immediate development. This is a rare opportunity to acquire a large, well-located parcel in a rapidly growing area of Rapid City. Future phased development plans are available upon request. This property is poised to become the next significant development in the area. Contact us today to learn more about this exciting investment opportunity.
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.