Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    1565 Haines Ave Rapid City, SD 57701-0684

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1565 Haines Ave Rapid City, SD 57701-0684

    View on Map
    • Strip malls
    • 10,154 SF
    • 1.59 lot acres
    Off-Market
    Property ID
    US79-0519361
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Chances Casino / Hotel & Motel / Resort
    • Albertano's Mexican Food - Rapid City / Restaurant
    • Genesis Farms Cannabis Dispensary / (Bike/Boat/Book/etc) Store

    Property Details for 1565 Haines Ave

    Year built
    2009
    Lot size
    1.59 lot acres
    Property size
    10,154 SF
    Property type
    Strip malls
    Property subtype
    Shopping centers
    APN
    20-25-379-009
    APU
    2025379009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    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
    44.1
    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
    $25,830
    $651,200
    $1,156,700
    $1,807,900
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      7,680 SF

      1575 Lacrosse St

      SHOPPING CENTER, STRIP CENTER • 7,680 SF
      1575 Lacrosse St, Rapid City, SD 57701-6976
      View Details
    • Value Estimation by Request
      10,356 SF

      1109 Omaha St

      SHOPPING CENTER, STRIP CENTER • 10,356 SF
      1109 Omaha St, Rapid City, SD 57701-2448
      View Details
    • Value Estimation by Request
      7,992 SF

      4905 5th St

      SHOPPING CENTER, STRIP CENTER • 7,992 SF
      4905 5th St, Rapid City, SD 57701-6032
      View Details
    • Value Estimation
      $930,000
      40,000 SF

      413 Cambell St

      SHOPPING CENTER, STRIP CENTER • 40,000 SF
      413 Cambell St, Rapid City, SD 57701-1975
      View Details
    • Value Estimation by Request
      18,125 SF

      13 New York St

      SHOPPING CENTER, STRIP CENTER • 18,125 SF
      13 New York St, Rapid City, SD 57701-1164
      View Details
    • Value Estimation by Request
      10,369 SF

      320 Ee N Blvd

      SHOPPING CENTER, STRIP CENTER • 10,369 SF
      320 Ee N Blvd, Rapid City, SD 57701-1575
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      121,440 SF

      Rapid City Retail Investment Property

      High-visibility retail property with national tenants and long-term leases.
      1845 Haines Ave, Rapid City, SD 57701
      View Details
    • Contact for pricing

      Rapid City Development Land Available

      Prime commercial land near high-traffic retail hub.
      1725 Camden Dr, Rapid City, SD 57701
      View Details
    • $799,000

      Commercial Parcel Near Rushmore Crossing

      3.5 acre commercial lot near shopping complex.
      1424 Luna Ave, Rapid City, SD 57701
      View Details
    • $410,000
      13.32 Acres

      Rapid City Industrial Acreage Available

      Industrial land bordering Black Hills Industrial Center, ready for development.
      Tbd Old Folsom Rd, Rapid City, SD 57701
      View Details
    • $2,400,000
      16.27 Acres

      Rapid City Commercial Land Opportunity

      Highly visible corner lot in expanding retail corridor near I-90.
      N Lacrosse St, Rapid City, SD 57701
      View Details
    • $895,000
      5.00 Acres

      Rapid City Commercial Land For Sale

      5-acre commercial lot with high traffic and visibility.
      3715 Edwards St, Rapid City, SD 57701
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Retail Single Tenant Opportunity

      Retail space available for single tenant in Rapid City.
      29 Main St, Rapid City, SD 57701
      View Details
    • Contact for pricing

      Retail Space with Pharmacy Anchor

      12,240 sq ft retail space with parking available.
      909 E Saint Patrick St, Rapid City, SD 57701
      View Details
    • Contact for pricing

      Rapid City Retail Space For Rent

      Multi-level retail space with commercial kitchen and high visibility.
      937 E North St, Rapid City, SD 57701
      View Details
    • $16 SF/Yr
      1,662 SF

      Rapid City Retail/Office Space

      Endcap suite suitable for retail, office, or health services.
      811 Disk Dr, Rapid City, SD 57701
      View Details
    • Contact for pricing

      Historic Factory Converted to Spaces

      Multi-unit retail and office spaces with Black Hills skyline views.
      7201 Mount Rushmore Rd, Rapid City, SD 57701
      View Details
    • Contact for pricing

      Rapid City Retail/Warehouse Space

      11,400 SF retail and warehouse space available August 2025.
      17 New York St, Rapid City, SD 57701
      View Details

    Property Visit Statistics

    • Visits by month
      16.6k
    • Visitors by month
      12.5k
    • Avg Time on site
      20 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1565 Haines Ave
    Rapid City, SD 57701-0684
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    1565 Haines Ave, Rapid City, SD, 57701

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!