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Property profile & analytics
OFF-MARKET
Warehouses
2320 Sophia Ct, Rapid City, SD 57702-8013
Entity Owned
Free & Clear
Property ID
US79-0670570
Property summary
AI-generated overview
This brand-new, single-tenant warehouse in Rapid City, South Dakota offers 2,000 to 8,000 square feet of customizable space, ideal for businesses seeking a modern and efficient facility. Located at 2320 Sophia Ct, this light industrial zoned property sits on 1.43 acres and boasts convenient interstate access. The warehouse features high overhead doors, floor drains, and the possibility of a custom buildout to perfectly suit your operational needs. The property is situated in Pennington County, South Dakota, with a zip code of 57702. Leasing rates are $11.50 per square foot. This is a rare opportunity to secure a modern, flexible warehouse space in a prime location, offering both convenience and the potential for significant customization. Don't miss out on this chance to establish your business in a state-of-the-art facility.
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Total area
8,000 SF
Lot
1.43 ac (62,291 SF)
APN
20-27-453-007
UPID
US79-0670570
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
BLACK HILLS SEPTIC & DITCHING INC
BLACK HILLS SEPTIC & DITCHING INC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Rapid City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rapid City submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,173
Tax year 2023
Assessed value
$634,100
Assessed 2024
Previous assessed
$634,100
+0.0% YoY
Effective rate
1.29%
On assessed value
Assessed land
$140,200
Assessed improvement
$493,900
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Buildings
2
Stories
1
Total area
8,000 SF
Lot
1.43 ac (62,291 SF)
APN
20-27-453-007
UPID
US79-0670570
Jurisdiction
PENNINGTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Stories
1
Buildings
2
Lot
1.43 ac
Current owner
From public records · entity-resolved
BLACK HILLS SEPTIC & DITCHING INC
Entity
Free & Clear · 0 yrs held
Mailing address
2320 SOPHIA CT, RAPID CITY, SD 57702-8013
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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