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Property profile & analytics
OFF-MARKET
Land

3116 Fran Way Rapid City, SD 57703

0.25 ac lot
Property ID
Property summary
AI-generated overview

This exceptional 0.25-acre commercial land parcel, located at 3116 Fran Way in Rapid City, South Dakota, presents a unique investment opportunity. Priced at $81,700, this property boasts a land value of $326,800 per acre, reflecting its desirability within the Copperfield Vista Subdivision. The lot is zoned for residential use, making it ideal for building a new home. Its location offers convenient access to key amenities. Situated off the Elk Vale Road corridor, it benefits from the significant new growth and development in the area. The property's proximity to Ellsworth Air Force Base and downtown Rapid City (just minutes away) further enhances its appeal. This is a chance to acquire a substantial lot in a thriving community, allowing for the construction of a custom home in a desirable location. The lot size is less than 0.5 acres, making it a manageable and attractive building site. The original asking price was $76,700

Property profile
Verified
Property type Land
Lot 0.25 ac (10,890 SF)
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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