3116 Fran Way Rapid City, SD 57703
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
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
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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.