Property profile

241 Minnesota St Rapid City, SD 57701

OFF-MARKET
Medical Office Space
Property ID
US79-0206595
9,648 SF 1.6 ac lot Built 2020
Individually Owned 13-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Medical Office Space
Use group MEDICAL BUILDING
Year built 2020
Total area 9,648 SF
Lot 1.6 ac (69,696 SF)
APN 37-13-405-005
UPID US79-0206595

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Physician
  • Physician
  • Physician
  • Physician
  • Physician

Location

241 Minnesota St Rapid City, SD 57701-6219
Rapid City metro Census 10905 RAPID CITY, SD METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
$769k
Blend (final) Blend
$590k

Owner & transaction history

since 2012
1 recorded transaction
2012
Price N/A

Zoning & alternative use

Top alternative use upside
Restaurant $915,000 +63.2%
Retail stores $770,000 +38.0%
Auto repair, garage $730,000 +31.0%

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
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