1301 W Omaha St, Rapid City, SD 57701
For Lease
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This prestigious Class A commercial property, located at 1301 W Omaha St in Rapid City, South Dakota, offers a variety of flexible office spaces ideal for businesses of all sizes. The two-story building, constructed in 2000, boasts 71,234 square feet of total space, with suites ranging from a minimum of 496 square feet to a maximum contiguous space of 1,383 square feet. The building features three total suites, situated on a 3.68-acre lot, and is zoned for general commercial use. Amenities include ample parking (95+ spaces) and elevators for convenient access to all floors. Currently, two suites are available. Suite 107, a street-level, 1,300 square foot space, offers a versatile layout combining storefront and office areas, including four private offices, a kitchenette, and a restroom. Lease rate is $18.00 per square foot per year, plus an estimated $5.80 per square foot per year in NNN expenses (approximately $2,578.33 per month). Suite 201, a 469 square foot second-floor suite, is available for sublease. This open-plan space features large windows, a kitchenette, premium finishes, and elevator access. The sublease rate is $16.97 per square foot per year, plus an estimated $8.60 per square foot per year in NNN expenses ($1,056.89 per month), with utilities included. Pennington County location provides easy access to downtown amenities.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
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.