3612 Galt CtRapid City, SD 57701

Property Details for 3612 Galt Ct

Year built

2009

Lot size

2.64 AC

Property size (Sq ft)

11,200 SF

Property type

Industrial properties

Property subtype

Loft space

APN

21-28-228-007

APU

2128228007

Description

This exceptional new Class A industrial property offers 10,800 square feet of versatile warehouse and manufacturing space, ideally situated minutes from I-90 for optimal accessibility. The property comprises two single-story buildings, totaling six individual units available for lease. Each unit boasts a fully finished interior with sheetrock, one to two 12' x 14' overhead doors, one to two restrooms, and fire sprinklers for enhanced safety. Units are available in sizes ranging from 2,700 square feet to a maximum contiguous space of 5,400 square feet, with the entire 10,800 square foot building also available. The property sits on a 2.64-acre lot and provides ample parking with 16 spaces and eight convenient drive-in doors. Currently, all 10,800 square feet are vacant and ready for immediate occupancy. The estimated completion date is October 1st, 2024, making this a unique opportunity to secure modern, efficient space in a highly desirable location. The property is zoned for light industrial use.

• CAP approach

  CAP return

  Valuation

  6%

  $3,318,188

  6.5%

  $3,062,942

  7%

  $2,844,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,558,526

  Geo Method

  $1,434,283

• Alternative Use

  Use

  Valuation

  Residential

  $3,062,942

  Hospitality

  $2,805,639

  Educational

  $2,334,258

  Medical

  $2,414,537

  Retail

  $3,631,069

Location Insight

City

Rapid City

County

Pennington

State

South Dakota

Latitude

44.1082

Longitude

-103.156

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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