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Property profile & analytics
FOR LEASE
Strip malls
5955 Mount Rushmore Rd, Rapid City, SD 57701
Entity Owned
Free & Clear
Property ID
US79-0431842
For Lease
1 / 14
$12 SF/Yr
5955 Mount Rushmore Rd, Rapid City, SD 57701
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Property summary
AI-generated overview
This single-story, 2002-built commercial building in Rapid City, South Dakota offers 5,629 square feet of vacant space, divisible into units as small as 1,810 square feet and up to a contiguous 3,829 square feet. The property features a versatile layout suitable for both traditional and creative office uses, or retail. The space includes finished restrooms and two drive-thru windows. An additional 1,810 square feet of warehouse space is available, complete with an overhead door, mezzanine storage, and existing plumbing. Located on Mt. Rushmore Road, this high-traffic area boasts 15,219 cars per day (2023 data). The building sits on a large lot providing ample parking. The property is zoned for general commercial use and is situated in Pennington County, with the address being 5955 Mt Rushmore Rd, Rapid City, SD 57701. Separate or combined leasing options are available.
Property profile
Verified
Property type
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Year built
2002
Total area
12,328 SF
Lot
1.38 ac (60,113 SF)
APN
37-23-351-002
UPID
US79-0431842
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
-
Ponderosa Smiles; Rob D. Lyons D.D.S. Dental Office
-
Buckingham's ATA Martial Arts & Karate For Kids Training Center Sports School
-
Dr. Charles Scanlon Dental Office
-
Ko Property Management Property Management Company
-
Good Dominion Tattoo Company Tattoo & Piercing Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$440k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$613k
Blend (final)
Blend
$525k
Owner & transaction history
JEDS
JEDS
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$795,000
+53.2%
Medical building
$715,000
+38.0%
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
Method
Estimation
Statistic approach
by Request
ML approach
$440,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$520,000
Current use
WAREHOUSE, STORAGE
$795,000
Change: +53% · Conversion: Difficult
MEDICAL BUILDING
$715,000
Change: +38% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$455,000
Change: -12% · Conversion: Difficult
Blend value · Realmo final
$525k
Range $473k – $578k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$43 / SF
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
$24,178
Tax year 2023
Assessed value
$1,729,500
Assessed 2024
Previous assessed
$1,729,500
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$390,700
Assessed improvement
$1,338,800
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
Strip malls
Use group
SHOPPING CENTER, STRIP CENTER
Status
For Lease
Year built
2002
Buildings
6
Stories
1
Total area
12,328 SF
Lot
1.38 ac (60,113 SF)
APN
37-23-351-002
UPID
US79-0431842
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
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$520,000
WAREHOUSE, STORAGE
Est. value
$795,000
MEDICAL BUILDING
Est. value
$715,000
INDUSTRIAL (GENERAL)
Est. value
$455,000
NEIGHBORHOOD: SHOPPING CENTER Current
WAREHOUSE, STORAGE
MEDICAL BUILDING
INDUSTRIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2002
Stories
1
Buildings
6
Lot
1.38 ac
Current owner
From public records · entity-resolved
JEDS
Individual
Free & Clear · 0 yrs held
Mailing address
5955 MT RUSHMORE RD, RAPID CITY, SD 57701-8958
Mailing matches property
Yes
Owner-occupied
Yes
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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