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    Property profile & analytics

    507 Main St Rapid City, SD 57701-2733

    • Retail space
    • 14,739 SF
    • 0.36 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US79-0426531
    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

    • Rapid City Journal / Newspaper Publisher
    • Rimrock Exchange / Church
    • Amplified / Newspaper Advertising Department / Website Designer
    • Patriot / Newspaper Publisher
    • Joyful 24 Yoga / Yoga Studio

    Property Details for 507 Main St

    Year built
    1925
    Lot size
    0.36 lot acres
    Property size
    14,739 SF
    Property type
    Retail space
    APN
    37-01-131-005
    APU
    3701131005

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rapid City
    County
    Pennington
    State
    South Dakota
    Longitude
    -103.226
    Latitude
    44.0805
    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
    $17,165
    $310,100
    $901,300
    $1,211,400
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request

      525 St Joseph St

      Individual retail properties
      525 St Joseph St, Rapid City, SD 57701
      View Details
    • Value Estimation by Request
      2,750 SF

      218 Saint Joseph St

      RETAIL STORES (PERSONAL SERVICES) • 2,750 SF
      218 Saint Joseph St, Rapid City, SD 57701-2827
      View Details
    • Value Estimation by Request
      864 SF

      601 Madison St

      RETAIL STORES (PERSONAL SERVICES) • 864 SF
      601 Madison St, Rapid City, SD 57701
      View Details
    • Value Estimation by Request
      0.85 Acres

      908 Eglin St

      Individual retail properties • 0.85 Acres
      908 Eglin St, Rapid City, SD 57701
      View Details
    • Value Estimation by Request
      3,172 SF

      622 St Joseph St

      Individual retail properties • 3,172 SF
      622 St Joseph St, Rapid City, SD 57701
      View Details
    • Value Estimation
      $345,000
      2,044 SF

      215 En St

      RETAIL STORES (PERSONAL SERVICES) • 2,044 SF
      215 En St, Rapid City, SD 57701-1551
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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      Mixed-Use Property in Rapid City

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      Rapid City Liquor License Available

      On-sale hard liquor license available in Rapid City, South Dakota.
      Liquor License Other, Rapid City, SD 57701
      View Details
    • $2,190,000
      6,497 SF

      Rapid City Restaurant - Turnkey Opportunity

      Fully equipped restaurant, 6,497 sq ft, prime location.
      620 Disk Dr, Rapid City, SD 57701
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    • $500,000
      21.88 Acres

      Rapid City Acreage Opportunity

      21.88 acres near Rapid City, South Dakota.
      4500 W Nike Rd, Rapid City, SD 57701
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    Similar Nearby for Lease

    • $24 SF/Yr
      12,480 SF

      Block 5 Retail Spaces Available

      Rapid City retail spaces, prime location.
      525 St Joseph St, Rapid City, SD 57701
      View Details
    • $7 SF/Yr
      12,000 SF

      Haines Station Retail Space

      12,000 SF Retail Showroom, Rapid City
      2255 Haines Ave, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      6,000 SF

      Prime Rapid City Corner Opportunity

      High-traffic location suitable for retail, restaurant, or office use.
      1002 W Main St, Rapid City, SD 57701
      View Details
    • $24 SF/Yr
      1,655 SF

      Downtown Mixed-Use Development Space

      Retail and hospitality spaces in downtown entertainment district.
      612 6Th St, Rapid City, SD 57701
      View Details
    • $1.00 SF/Yr
      477,853 SF

      Class A Retail Suite

      Remodeled retail suite with high traffic and ample parking.
      36 E Stumer Rd, Rapid City, SD 57701
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    • $16 SF/Yr
      1,680 SF

      Versatile Flex Building for Lease

      1,440 SF flex building with additional 240 SF space.
      1802 Elm Ave, Rapid City, SD 57701
      View Details

    Property Visit Statistics

    • Visits by month
      3.0k
    • Visitors by month
      1.9k
    • Avg Time on site
      72 min
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    507 Main St
    Rapid City, SD 57701-2733
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    Realmo Value Estimation

    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.

    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.

    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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