3218 Fran Way Rapid City, SD 57703
This exceptional 0.29-acre commercial land parcel, located at 3218 Fran Way in Rapid City, South Dakota, presents a unique investment opportunity. Priced at $87,150, this property boasts a land value of $300,517 per acre, reflecting its desirability within the prestigious Copperfield Vista Subdivision. The lot is zoned for residential use, offering flexibility for future development. Situated in the rapidly developing Elk Vale Road corridor, this location provides convenient access to Ellsworth Air Force Base and the vibrant downtown area of Rapid City. The property's ample size and width provide a substantial canvas for a variety of commercial projects. This is a rare opportunity to acquire a piece of this sought-after community, offering both convenience and significant potential for growth. The property's address is 3218 Fran Way, Rapid City, SD 57703. The lot is less than 0.5 acres in size.
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.