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    3887 Sd-44 Rapid City, SD 57703
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    3887 Sd-44 Rapid City, SD 57703

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    • Retail properties & Spaces
    • 1.25 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 3887 Sd-44

    Year built
    1982
    Lot size
    1.25 lot acres
    Property type
    Retail properties & Spaces
    Property subtype
    Grocery and convenience stores

    Description

    This prime investment opportunity presents a well-established convenience store in Rapid City, South Dakota, ideally situated at 3887 SD-44. Built in 1982, the property sits on a 1.25-acre lot and is listed at $850,000 (inventory sold separately). Its strategic location offers easy access, being just minutes away from the Rapid City airport, ensuring high visibility and consistent customer traffic. The convenience store boasts a liquor license, further enhancing its profitability and appeal to a broad customer base. This property is poised to benefit significantly from Rapid City's expanding market and the ongoing economic growth within the Black Hills region, attracting a steady stream of tourists and residents alike. The strong commercial climate of Rapid City, coupled with the ongoing developments in the area, makes this a compelling investment for those seeking high-traffic exposure and long-term market strength. This presents a rare opportunity to acquire a profitable business in a thriving location with significant potential for future growth and return on investment. The property's size and location make it an attractive addition to any portfolio seeking to capitalize on the robust commercial activity in the Black Hills.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.152
    Latitude
    44.0595

    Comparable in this City

    • Value Estimation
      $1,620,000
      9,072 SF

      3501 Hwy 44

      CONVENIENCE STORE • 9,072 SF
      3501 Hwy 44, Rapid City, SD 57703-6850
      View Details
    • Value Estimation by Request
      2,800 SF

      4030 Cheyenne Blvd

      CONVENIENCE STORE • 2,800 SF
      4030 Cheyenne Blvd, Rapid City, SD 57703-4801
      View Details
    • Value Estimation by Request
      2,400 SF

      3888 Hwy 44

      CONVENIENCE STORE • 2,400 SF
      3888 Hwy 44, Rapid City, SD 57703
      View Details
    • Value Estimation by Request
      3,944 SF

      4602 Hwy 44

      CONVENIENCE STORE • 3,944 SF
      4602 Hwy 44, Rapid City, SD 57703-9327
      View Details
    • Value Estimation
      $770,000
      5,512 SF

      3216 Hwy 44

      CONVENIENCE STORE • 5,512 SF
      3216 Hwy 44, Rapid City, SD 57703-4726
      View Details
    • Value Estimation
      $2,330,000
      24,185 SF

      747 Timmons Blvd

      GROCERY, SUPERMARKET • 24,185 SF
      747 Timmons Blvd, Rapid City, SD 57703-5702
      View Details

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    Similar Nearby for Lease

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      High-Traffic Endcap Space with Drive-Through

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      Rapid City Industrial Space Available

      7,200 SF industrial space for lease in Rapid City.
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    • $12 SF/Yr
      2,500 SF

      Turn-Key Professional Office Space

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      Commercial Office Space Available

      Commercial office space for rent.
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      Rapid City Industrial Warehouse For Lease

      12,080 SF warehouse on 2.73 acres available for lease.
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      Rapid City Industrial Shop & Office

      3,780 SF industrial shop and office suite for lease.
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      View Details
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    3887 Sd-44
    Rapid City, SD 57703
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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