1555 Haines Ave Rapid City, SD 57701-0660
Property Lookup
Property profile & analytics
1555 Haines Ave Rapid City, SD 57701-0660
- Outlet malls
- 18,784 SF
- 3.08 lot acres
Property ID
US79-0178906
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- CSL Plasma / Medical Clinic
- Harbor Freight Tools / Building Supply / Hardware & Home Improvement
Property Details for 1555 Haines Ave
- Year built
- 1994
- Lot size
- 3.08 lot acres
- Property size
- 18,784 SF
- Property type
- Outlet malls
- Property subtype
- Shopping centers
- APN
- 20-25-379-010
- APU
- 2025379010
Description
This exceptional investment opportunity presents a 32,810 square foot, multi-tenant retail property located in Rapid City, South Dakota, the state's second-largest city, boasting approximately 78,000 residents. The property, built in 1994 and situated on a 3.08-acre lot, features a strong tenant mix including Harbor Freight Tools and CSL Plasma, both with significant remaining lease terms. Harbor Freight Tools, a Fortune Top Ten Best Workplace in Retail, recently renewed their lease for an additional five years with four, five-year options remaining, demonstrating their commitment to the location. Significant recent improvements include a $26,000 parking lot upgrade. CSL Plasma, a subsidiary of a publicly traded global biopharmaceutical company with over 315 locations, has a remaining lease term of 10 years. The property benefits from a prime location near major retailers such as Walmart, Target, and Sam's Club, as well as popular tourist attractions including Mount Rushmore and the Badlands National Park. The current asking price is $4,032,000, representing a compelling cap rate of 6.65% and a NOI of $268,414. The property's strong tenant base, long-term leases (15-year initial term with 10% rent bumps every 5 years), and strategic location make it an ideal investment for discerning buyers seeking stable income and significant appreciation potential in a thriving South Dakota market. The lease is a Net Lease (NN) with corporate guarantees.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $2,235,000
Market price range: $663k - $2.24M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,500,000 Current use
- OFFICE BUILDING
- $2,115,000 Change: +41% Conversion: Easy
- RESTAURANT
- $1,775,000 Change: +18% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,425,000 Change: -5% Conversion: Difficult
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Rapid City
- County
- Pennington
- State
- South Dakota
- Longitude
- -103.223
- Latitude
- 44.0994
- CBSA code
- 39660
- CBSA name
- RAPID CITY, SD METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$58,398
$975,700
$3,102,500
$4,078,200
-
$0.00
$0.00
$0.00
