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Property profile & analytics
OFF-MARKET Estimated value $805,000
Strip malls

909 Saint Patrick St Rapid City, SD 57701-5752

32,400 SF 2.43 ac lot Built 1965
Entity Owned Absentee Owner Free & Clear
Property ID
US79-0225858
Property summary
AI-generated overview

This exceptional retail property, located at 909 E Saint Patrick St, Rapid City, SD 57701, offers 12,176 square feet of space currently occupied by Boyd's Pharmacy within the larger 32,400 square foot Midland Shopping Center. The single-story building, constructed in 1952, sits on 2 acres of land and boasts ample parking with 75 spaces. The property is zoned commercial and situated in the South Central Rapid City submarket, specifically the Robbinsdale Park cluster, near E St Joseph St. Currently fully leased, there's a potential for partial lease of approximately half the space due to the tenant's planned consolidation. This presents a unique opportunity for a variety of businesses. The property's ideal location and substantial parking make it suitable for a range of uses, including but not limited to a church, liquor store, yoga studio, or smaller fitness center. A significant advantage for potential tenants is that the landlord covers utilities, taxes, and insurance. This turnkey solution minimizes operational overhead and allows businesses to focus on growth. The property's history as a successful retail location, combined with its convenient location and generous parking, makes it a highly attractive investment opportunity.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1965
Total area 32,400 SF
Lot 2.43 ac (105,851 SF)
APN 38-07-201-001
UPID US79-0225858
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
  • Boyds Drug Mart Pharmacy
  • Western Resources for Independent Living General Contractor
  • Black Hills Center for American Indian Health Charitable Organization Social Service Agency
  • SD Dept of health Medical Clinic
  • Happy Jacks-East Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$675k
CAP Approach CAP
by Request
Comparable Approach Comparable
$937k
Blend (final) Blend
$805k
Owner & transaction history
FEDORA PROPERTIES LLC
FEDORA PROPERTIES LLC
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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