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Property profile & analytics
OFF-MARKET
Industrial properties
3612 Galt Ct, Rapid City, SD 57701-7964
Entity Owned
Absentee Owner
Free & Clear
Property ID
US79-0583186
Property summary
AI-generated overview
This exceptional new Class A industrial property offers 10,800 square feet of versatile warehouse and manufacturing space, ideally situated minutes from I-90 for optimal accessibility. The property comprises two single-story buildings, totaling six individual units available for lease. Each unit boasts a fully finished interior with sheetrock, one to two 12' x 14' overhead doors, one to two restrooms, and fire sprinklers for enhanced safety. Units are available in sizes ranging from 2,700 square feet to a maximum contiguous space of 5,400 square feet, with the entire 10,800 square foot building also available. The property sits on a 2.64-acre lot and provides ample parking with 16 spaces and eight convenient drive-in doors. Currently, all 10,800 square feet are vacant and ready for immediate occupancy. The estimated completion date is October 1st, 2024, making this a unique opportunity to secure modern, efficient space in a highly desirable location. The property is zoned for light industrial use.
Property profile
Verified
Property type
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Year built
2009
Total area
11,200 SF
Lot
2.64 ac (114,998 SF)
APN
21-28-228-007
UPID
US79-0583186
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
Current use
Occupant on record · Public records
-
M J Metal Products Inc Industrial Manufacturer Production Facility
-
Big Adventure Trailers Car Dealership
-
Warpaint Ink (Bike/Boat/Book/etc) Store Printing Service
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
BLUE WATER CAPITAL LLC
BLUE WATER CAPITAL LLC
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
$14,747
Tax year 2023
Assessed value
$1,079,400
Assessed 2024
Previous assessed
$1,079,400
+0.0% YoY
Effective rate
1.37%
On assessed value
Assessed land
$287,500
Assessed improvement
$791,900
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
Industrial properties
Use group
INDUSTRIAL LOFT BUILDING
Status
Off-Market
Year built
2009
Stories
1
Total area
11,200 SF
Lot
2.64 ac (114,998 SF)
APN
21-28-228-007
UPID
US79-0583186
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
Year built
2009
Stories
1
Lot
2.64 ac
Current owner
From public records · entity-resolved
BLUE WATER CAPITAL LLC
Entity
Free & Clear · 0 yrs held
Mailing address
600 PO BOX 1643RD ST, RAPID CITY, SD 57709-1643
Mailing matches property
Different — outreach signal
Owner-occupied
No
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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