Heated Warehouse Shop
For Sale
$379,900
310 11th Street E, Bottineau, ND 58318
Land, BOTTINEAU, ND
Property Size3,200 SF
Price / SF$118.72
Days on Market26
Property Features for 310 11th Street E
General Information
Property type
Land
Property subtype
Other
Standard status
Active
Utilities
Sewer type
Public Sewer
Water source
Public
Building Details
Additional Structures
Outbuilding
Listing Agency:
Four Seasons Realty
Listed By:
Joe Bender
(701) 228-5884
Added: Aug 11
Changed: Sep 4
Last Checked: Sep 5 at 11:06AM
MLS# 11929355
Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 40x80 warehouse shop unit is being offered as a building-only property within an HOA-maintained setting. The finished interior combines white steel walls, black steel ceilings, LED lighting, oversized ceiling fans, a full bathroom, and a dedicated utility room. Pella custom windows bring in natural light, while exterior security lighting supports visibility around the building.
The structure has 16.5 ft sidewalls, a 6" concrete slab, infloor heat supplied by an electric boiler, and a floor drain. Insulation includes R25 in the walls and R50 in the ceiling, with an insulated slab contributing to year-round interior comfort. A 14x16 commercial overhead door accommodates large vehicles and equipment. Public water and public sewer serve the property.
The structure has 16.5 ft sidewalls, a 6" concrete slab, infloor heat supplied by an electric boiler, and a floor drain. Insulation includes R25 in the walls and R50 in the ceiling, with an insulated slab contributing to year-round interior comfort. A 14x16 commercial overhead door accommodates large vehicles and equipment. Public water and public sewer serve the property.
Key Highlights
- 40x80 fully finished heated warehouse shop unit
- 16.5 ft sidewalls with a 6" concrete slab
- Infloor heat powered by an electric boiler
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$20,163
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.31%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$403,260
$403.3K
Cap Rate 7%
$288,043
$288.0K
Cap Rate 9%
$224,033
$224.0K
Market Conditions
NOI Build-Up for 3,200 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$25.7K $8.04/SF
− Vacancy
−$2.0K −$0.63/SF
EGI
$23.7K $7.41/SF
− OpEx
−$3.6K −$1.11/SF
NOI
$20.2K $6.30/SF
Area
Bottineau County, ND
Vacancy
7.80%
Lease Rate
$8.04 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$403,260
Cap Rate 7%
$288,043
Cap Rate 9%
$224,033
Alternative Uses
Best Use
Warehouse
$288.0K
$252.0K – $336.1K
NOI $20,163 @ 7.0% cap · market cap 5.31%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$482.7K
$422.4K – $563.2K
NOI $33,792 @ 7.0% cap · market cap 8.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
261
Businesses Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Demographics for 58318, ND
3,796
Population
2,461
Households
1.5
Avg Household Size
45
Median Age
30%
College-Educated
95%
High-School Grad
296.7 sq mi
ZIP Area
13
Density / Sq Mi
$84,150
Median Household Income
$42,847
Median Earnings
$744
Median Rent
$218,000
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Paterson Grain, LLC — 1 Paterson Dr, Bottineau, ND 58318
- Bottineau Farmers Elevator 1 — 510 Railroad Ave, Bottineau, ND 58318
Frequently Asked Questions
What type of property is this?
Warehouse - Fully finished heated commercial unit with modern interior finishes and HOA-maintained grounds.
Where is this warehouse located?
The property is located at 310 11th Street E Bottineau, ND.
What is the asking price?
The asking price for this property is $379,900.
What are key features of this property?
This property features: 40x80 fully finished heated warehouse shop unit; 16.5 ft sidewalls with a 6" concrete slab; Infloor heat powered by an electric boiler
