Property profile

1585 Valley Dr Rapid City, SD 57703

FOR SALE
Retail space
Property ID
US79-0385200
1,920 SF 0.33 ac lot Built 1960
Entity Owned Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

The property is a corner commercial site located along Highway 44 with frontage on Valley Drive in the east Rapid City corridor. A 1,920-square-foot building sits on a 0.33-acre paved lot and is configured with a 1,275-square-foot showroom area and a 570-square-foot garage or service bay. The building includes an exterior overhead door measuring 10 feet by 7 feet and an interior overhead door measuring 9 feet 8 inches by 6 feet 9 inches. The interior space is heated and air-conditioned, supporting showroom or service-oriented use. The building underwent interior and exterior renovations in 2022 and has a metal roof. Its layout is flexible for potential automotive, retail, or office applications. Vehicle exposure is supported by Highway 44 frontage, with traffic measured at 16,014 vehicles per day based on a 2024 MPO count.

Property profile

Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1960
Total area 1,920 SF
Lot 0.33 ac (14,375 SF)
APN 38-05-431-001
UPID US79-0385200

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1585 Valley Dr Rapid City, SD 57703
Rapid City metro Census 10906 RAPID CITY, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$275k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$275k

Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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