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Executive Summary

This newly constructed 24,000 SF light industrial development is currently in active lease-up with strong tenant demand and projected gross potential rent of $282,000 at stabilization. The property consists of four 6,000 SF warehouse buildings designed for multi-tenant use and demisable into 2,000 SF units. Each unit includes 16’ sidewalls, a 14’ x 14’ overhead door, heated interior space, and a private restroom. The site supports semitruck circulation, paved parking, and optional gravel yard areas Located near I-90 Exit 61 (Elk Vale Road / SD-79) within Rapid City’s established Elk Vale industrial corridor, the property provides convenient interstate access for local and regional users. NNN lease structures and remaining lease-up capacity create a clear path to stabilized income with additional upside through future yard or lot utilization. For additional information or to schedule a showing, contact Dan Logan at 605-593-7980.

Taxes & Operating Expenses (Actual - 2026)

Annual Annual Per SF
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2026)

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $41,626,320
Annual Per SF $3,468.86

Property Facts

Price $2,900,000
Price Per SF $120.83
Sale Type Owner User
Property Type Industrial
Property Subtype Warehouse
Building Class B
Lot Size 2.93 AC
Rentable Building Area 24,000 SF
No. Stories 1
Year Built 2026
No. Drive In / Grade-Level Doors 3
Zoning Light Industrial

Utilities

  • Lighting
  • Gas
  • Water
  • Sewer
  • Heating

Space Availability

  • Space
  • Size
  • Space Use
  • Build-Out
  • Available
  • 1st Fl - Unit 1
  • 2,000 SF
  • Industrial
  • -
  • Now

This newly constructed light industrial development offers warehouse units designed to accommodate a wide range of users. Available suite sizes include 2,000 SF, 4,000 SF, and 6,000 SF, with the ability to combine spaces as needed. Lease Rates: 2,000 SF units offered at $9.40/SF/YR NNN (estimated NNN $2.00/SF/YR), approximately $1,900/month. The 4,000 SF and 6,000 SF units are offered at $8.50/SF/YR NNN (estimated NNN $2.00/SF/YR), View the property video tour at: https://youtu.be/0X86gaJPrRE

  • 1st Fl - Unit 2
  • 4,000 SF
  • Industrial
  • -
  • Now

This newly constructed light industrial development offers warehouse units designed to accommodate a wide range of users. Available suite sizes include 2,000 SF, 4,000 SF, and 6,000 SF, with the ability to combine spaces as needed. Lease Rates: 2,000 SF units offered at $9.40/SF/YR NNN (estimated NNN $2.00/SF/YR), approximately $1,900/month. The 4,000 SF and 6,000 SF units are offered at $8.50/SF/YR NNN (estimated NNN $2.00/SF/YR), View the property video tour at: https://youtu.be/0X86gaJPrRE

  • 1st Fl - Unit 3
  • 6,000 SF
  • Industrial
  • -
  • Now

This newly constructed light industrial development offers warehouse units designed to accommodate a wide range of users. Available suite sizes include 2,000 SF, 4,000 SF, and 6,000 SF, with the ability to combine spaces as needed. Lease Rates: 2,000 SF units offered at $9.40/SF/YR NNN (estimated NNN $2.00/SF/YR), approximately $1,900/month. The 4,000 SF and 6,000 SF units are offered at $8.50/SF/YR NNN (estimated NNN $2.00/SF/YR), View the property video tour at: https://youtu.be/0X86gaJPrRE

Space Size Space Use Build-Out Available
1st Fl - Unit 1 2,000 SF Industrial - Now
1st Fl - Unit 2 4,000 SF Industrial - Now
1st Fl - Unit 3 6,000 SF Industrial - Now

1st Fl - Unit 1

Size
2,000 SF
Space Use
Industrial
Build-Out
-
Available
Now

1st Fl - Unit 2

Size
4,000 SF
Space Use
Industrial
Build-Out
-
Available
Now

1st Fl - Unit 3

Size
6,000 SF
Space Use
Industrial
Build-Out
-
Available
Now

1st Fl - Unit 1

Size 2,000 SF
Space Use Industrial
Build-Out -
Available Now

This newly constructed light industrial development offers warehouse units designed to accommodate a wide range of users. Available suite sizes include 2,000 SF, 4,000 SF, and 6,000 SF, with the ability to combine spaces as needed. Lease Rates: 2,000 SF units offered at $9.40/SF/YR NNN (estimated NNN $2.00/SF/YR), approximately $1,900/month. The 4,000 SF and 6,000 SF units are offered at $8.50/SF/YR NNN (estimated NNN $2.00/SF/YR), View the property video tour at: https://youtu.be/0X86gaJPrRE

1st Fl - Unit 2

Size 4,000 SF
Space Use Industrial
Build-Out -
Available Now

This newly constructed light industrial development offers warehouse units designed to accommodate a wide range of users. Available suite sizes include 2,000 SF, 4,000 SF, and 6,000 SF, with the ability to combine spaces as needed. Lease Rates: 2,000 SF units offered at $9.40/SF/YR NNN (estimated NNN $2.00/SF/YR), approximately $1,900/month. The 4,000 SF and 6,000 SF units are offered at $8.50/SF/YR NNN (estimated NNN $2.00/SF/YR), View the property video tour at: https://youtu.be/0X86gaJPrRE

1st Fl - Unit 3

Size 6,000 SF
Space Use Industrial
Build-Out -
Available Now

This newly constructed light industrial development offers warehouse units designed to accommodate a wide range of users. Available suite sizes include 2,000 SF, 4,000 SF, and 6,000 SF, with the ability to combine spaces as needed. Lease Rates: 2,000 SF units offered at $9.40/SF/YR NNN (estimated NNN $2.00/SF/YR), approximately $1,900/month. The 4,000 SF and 6,000 SF units are offered at $8.50/SF/YR NNN (estimated NNN $2.00/SF/YR), View the property video tour at: https://youtu.be/0X86gaJPrRE

Somewhat walkable
20/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
3804403001
Land Assessment
$255,600 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$255,600 (2025)
  • Listing ID: 39631018

  • Date on Market: 3/2/2026

  • Last Updated:

  • Address: 3460 Jet Dr, Rapid City, SD 57703

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