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    Property profile & analytics

    3030 Main St Rapid City, SD 57702-5905

    • Warehouses
    • 1,920 SF
    • 0.38 lot acres
    OFF-MARKET
    Value Estimations
    $250,000
    Show details
    Cap Rate Potential
    6.1%
    Warehouses
    Location Intelligence
    Property ID
    US79-0669426
    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.

    Current Use by Public Records

    • Warehouses

    Property Details for 3030 Main St

    Year built
    1944
    Lot size
    0.38 lot acres
    Property size
    1,920 SF
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    20-34-361-009
    APU
    2034361009

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $255,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $260,000
      6.5%
      $240,000
      7%
      $220,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $177,000
      Market price range: $67.9k - $198k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.27
    Latitude
    44.0824
    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
    $5,800
    $198,600
    $119,400
    $318,000
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation
      $275,000
      5,000 SF

      2923 Rpd St

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      2923 Rpd St, Rapid City, SD 57702-8146
      View Details
    • Value Estimation
      $250,000
      864 SF

      100 Sherman St

      MINI-WAREHOUSE, STORAGE • 864 SF
      100 Sherman St, Silver City, SD 57702-6095
      View Details
    • Value Estimation
      $400,000
      4,186 SF

      2447 Main St

      MINI-WAREHOUSE, STORAGE • 4,186 SF
      2447 Main St, Rapid City, SD 57702-2421
      View Details
    • Value Estimation
      $315,000
      5,000 SF

      1131 Plant St

      MINI-WAREHOUSE, STORAGE • 5,000 SF
      1131 Plant St, Rapid City, SD 57702-0399
      View Details
    • Value Estimation
      $370,000
      3,600 SF

      2210 Plz Dr

      MINI-WAREHOUSE, STORAGE • 3,600 SF
      2210 Plz Dr, Rapid City, SD 57702-3601
      View Details
    • Value Estimation
      $280,000
      2,464 SF

      208 Saint Onge St

      MINI-WAREHOUSE, STORAGE • 2,464 SF
      208 Saint Onge St, Rapid City, SD 57702-8177
      View Details

    Similar Nearby for Sale

    • $110,000

      Residential Lot Near Pactola Dam

      1.10 acre lot ready for cabin construction near Pactola Dam.
      200 Matterhorn Dr, Rapid City, SD 57702
      View Details
    • $499,000

      7.48 Acres Light Industrial Land

      7.48-acre light industrial parcel with I-90 access.
      1925 N Plaza Blvd, Rapid City, SD 57702
      View Details
    • $195,000
      0.65 Acres

      Rapid City Residential Dream Home Lot

      High-end executive lot in Rapid City's coveted Highpointe Ranch.
      5414 Wind River Rd, Rapid City, SD 57702
      View Details
    • $175,000
      0.71 Acres

      Residential Lot in Highpointe Ranch

      High-end lot for custom dream home with utilities available.
      5450 Wind River Rd, Rapid City, SD 57702
      View Details
    • $600,000
      7.47 Acres

      Rapid City Residential Development Land

      7.47 acres suitable for apartments or townhomes development.
      Tbd Harmony Hts Ln, Rapid City, SD 57702
      View Details
    • $229,000
      0.46 Acres

      High-Visibility Corner Commercial Land

      Corner lot suitable for retail or office development in Rapid City.
      3637 Sturgis Rd, Rapid City, SD 57702
      View Details

    Similar Nearby for Lease

    • $11 SF/Yr
      8,000 SF

      Modern Rapid City Warehouse Space

      Interstate-adjacent warehouse, flexible space.
      2320 Sophia Ct, Rapid City, SD 57702
      View Details
    • $1.00 SF/Yr
      7,200 SF

      Rapid City Industrial Warehouse Space

      7,200 SF industrial building with I-90 frontage in Rapid City.
      3201 Beale St, Rapid City, SD 57702
      View Details
    • New
      $1.00 SF/Yr
      2,484 SF

      Functional Shop Space in Rapid City

      Well-located commercial property with high visibility and functional shop space.
      3075 N Plaza Dr, Rapid City, SD 57702
      View Details
    • $10 SF/Yr
      6,000 SF

      Modern Warehouse Near Interstate

      6,000 SF Industrial Space for Lease
      2320 Sophia Ct, Rapid City, SD 57702
      View Details
    • $8 SF/Yr
      8,822 SF

      Rapid City Warehouse with Office

      Warehouse with office space, mezzanine, and drive-in bays.
      1947 Deadwood Ave, Rapid City, SD 57702
      View Details
    • $1.00 SF/Yr
      4,800 SF

      Rapid City Shop Space Available

      4800 sq ft shop with high clearance and heated.
      2044 N Deadwood Ave, Rapid City, SD 57702
      View Details

    Property Visit Statistics

    • Visits by month
      10.8k
    • Visitors by month
      4.5k
    • Avg Time on site
      12 min
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    3030 Main St
    Rapid City, SD 57702-5905
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    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
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