2609 Brg Vw Dr Rapid City, SD 57701-0109
Property profile & analytics
2609 Brg Vw Dr Rapid City, SD 57701-0109
- Warehouses
- 8,500 SF
- 0.69 lot acres
Property ID
US79-0646786
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
- Black Hills Yard Game & Event Rentals / Party Supply Store / Rental Equipment Company
- Armstrong Fire Services / Fire Station
- Murphy Sheds / Construction Company / General Contractor
Property Details for 2609 Brg Vw Dr
- Year built
- 1965
- Lot size
- 0.69 lot acres
- Property size
- 8,500 SF
- Property type
- Warehouses
- Property subtype
- Self storage facilities
- APN
- 38-07-427-004
- APU
- 3807427004
Description
This exceptional investment opportunity presents the chance to acquire a well-established manufacturing business, Murphy Sheds, operating for over 40 years. Located at 2609 Bridge View Dr, Rapid City, SD 57701, this single-tenant, stabilized business occupies a 4,000 square foot industrial space under a gross lease. The asking price is $449,000, representing a compelling $112.25 per square foot and an attractive 18.71% cap rate, based on a Net Operating Income (NOI) of $84,000. The business includes approximately $300,000 in assets, encompassing tools, vehicles, and twenty rent-to-own sheds generating roughly $44,000 in annual income. An additional business location in Casper, WY, is also included, though currently inactive. The property is zoned GC and sits on a 1 square foot lot. The occupancy date was August 31, 2022. Five years of financial records are available upon execution of a non-disclosure agreement. The seller is open to financing options, including a contract with 40% down and the remaining 60% amortized over 20 years at 5.5% interest, subject to a 10-year balloon payment. This presents a significant opportunity for expansion within a robust housing market. The business and inventory are for sale
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
- -103.192
- Latitude
- 44.0594
- 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
$5,015
$90,200
$234,500
$324,700
-
$0.00
$0.00
$0.00
