3132 Fran Way Rapid City, SD 57703
This 0.25-acre commercial land parcel is located at 3132 Fran Way, Rapid City, SD 57703. Zoned for residential use, this property presents a unique opportunity for development. Situated within the Copperfield Vista Subdivision, it offers a prestigious address and ample space for construction. The lot boasts a desirable location, minutes from Ellsworth Air Force Base and Rapid City's vibrant downtown area. The Elk Vale Road corridor's growth and development potential make this an attractive investment. The asking price is $81,700, translating to a land value of $326,800 per acre. This property is ideal for those seeking convenience and accessibility while building in a sought-after community. The lot's size is less than 0.5 acres, making it a manageable and potentially lucrative development opportunity. Buyers are encouraged to conduct their own due diligence regarding zoning and permitted uses.
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
Similar Nearby for Lease
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.