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Property profile & analytics
OFF-MARKET
Strip malls

405 Omaha St Rapid City, SD 57701-2975

8,400 SF 0.56 ac lot Built 1973
Entity Owned Free & Clear
Property ID
US79-0389449
Property summary
AI-generated overview

This single-tenant office space, located at 405 E Omaha St, Rapid City, SD 57701, offers 1,187 square feet of versatile space. Previously used as a physical therapy practice, the layout includes a large open area, three smaller offices, one larger office, and a restroom. Some layout flexibility is available. Situated on a 0.56-acre lot in a high-traffic area on Omaha Street, a major east-west corridor in Rapid City, this property benefits from high visibility and excellent accessibility. Ample parking is available, and a nearby bus stop enhances convenience. A prominent monument sign is ready for your business branding. The building was constructed in 1973 and is zoned General. The property is part of a larger office building in Pennington County. The lease rate is $14.95 per square foot base rent plus NNN charges, totaling $1,750 per month. Utilities are currently included in the base rent. This location presents a fantastic opportunity for businesses seeking a prominent and accessible space in a thriving area of Rapid City.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1973
Total area 8,400 SF
Lot 0.56 ac (24,394 SF)
APN 38-06-129-001
UPID US79-0389449
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
  • Mike Brewer Agency, Inc American Family Insurance Insurance Agency
  • Natural Health Center of the Dakotas Physician Alternative Medicine Practice
  • Dr. Dureece Lingwall Physician
  • Dureece Lucille Lingwall Physician
  • Kelsey Olson Physician
Value estimations
Realmo proprietary · 4 methods
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
ISZLER HOLDING COMPANY LLC
ISZLER HOLDING COMPANY LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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