353 Americas WayBox Elder, SD 57719

Property Details for 353 Americas Way

Lot size

2.55 AC

Property size (Sq ft)

20,000 SF

Property type

Industrial properties

Property subtype

Loft space

APN

21-27-151-010

APU

2127151010

Description

This exceptional Class A industrial property, located at 353 Americas Way in Box Elder, South Dakota, presents a unique opportunity. Built in 2022, this single-story, 20,000-square-foot warehouse boasts a 20-foot ceiling height, providing ample space for various industrial uses including warehouse, manufacturing, distribution, or R&D. The building features a 100x100 foot suite with 6-inch reinforced concrete, a 14x16 overhead door, and two drive-ins. Currently, 10,000 square feet is available for lease. The property includes 500 square feet of office space, expandable as needed, and two restrooms (one in the office and one in the warehouse). Additional features include an asphalt parking lot with 21 spaces and outdoor storage on the west side of the building. The property sits on a 2.55-acre lot, conveniently located one mile north of I-90 Exit 61/Elk Vale Road, providing easy access to major transportation routes. The zoning is Light Industrial, and three-phase power is available. A loading dock could be added to accommodate specific needs. The lease rate is $9.50 per square foot per year, NNN. This property offers a combination of modern amenities and strategic location, making it an ideal choice for a variety of businesses.

• CAP approach

  CAP return

  Valuation

  6%

  $5,925,335

  6.5%

  $5,469,540

  7%

  $5,078,858

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,140,224

  Geo Method

  $2,561,220

• Alternative Use

  Use

  Valuation

  Residential

  $5,469,540

  Hospitality

  $5,010,070

  Educational

  $4,168,319

  Medical

  $4,311,674

  Retail

  $6,484,052

Location Insight

City

Box Elder

County

Pennington

State

South Dakota

Latitude

44.1091

Longitude

-103.148

CBSA code

39660

CBSA name

RAPID CITY, SD METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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