1818 Fulton StRapid City, SD 57702

Property Details for 1818 Fulton St

Year built

1998

Lot size

0.45 AC

Property size (Sq ft)

3,448 SF

Property type

Office buildings

APN

37-02-151-009

APU

3702151009

Description

This exceptional 1,513-square-foot office suite is ideally situated in the lower level of the Fulton Plaza building in Rapid City, South Dakota. Boasting a convenient west side location with easy access from Jackson Boulevard, this single-tenant space offers a highly functional layout. The suite comprises seven private offices, complemented by a dedicated reception area, providing ample space for a variety of business needs. The property is zoned for general commercial use, ensuring flexibility for diverse operations. The monthly lease rate is $2,500, inclusive of utilities, with additional net, net, net (NNN) charges. The suite is located at 1818 W Fulton St, Suite 102, Rapid City, SD 57702. The building sits on a 0.45-acre lot and offers 11-20 parking spaces for tenants and visitors. Note that the square footage is derived from county equalization data and should be independently verified by prospective tenants. This garden-level office space presents a unique opportunity for businesses seeking a well-appointed and conveniently located professional environment in Rapid City's thriving commercial district. The property is categorized as a Traditional Office, Executive Office, Coworking, and Creative Office space, offering versatility for various business models.

• CAP approach

  CAP return

  Valuation

  6%

  $823,813

  6.5%

  $760,442

  7%

  $706,125

• Comparable approach

  Method

  Valuation

  Relative Method

  $905,403

  Geo Method

  $284,874

• Alternative Use

  Use

  Valuation

  Residential

  $942,949

  Hospitality

  $863,736

  Educational

  $718,618

  Medical

  $743,333

  Retail

  $1,117,850

Location Insight

City

Rapid City

County

Pennington

State

South Dakota

Latitude

44.0769

Longitude

-103.249

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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