Steel Flex Building with
8313 Highway 2 Devils Lake, ND 58301
8313 Highway 2, Devils Lake, ND, 58301
$299,000
For Sale
$299,000
COMMERCIAL - Devils Lake, ND
Property Size3,738 SF
Lot Size0.83 Acres
Price / SF$79.99
Days on Market92
Property Features for 8313 Highway 2
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Bathrooms
- 2
- Rooms
- Bathroom 2, Bathroom 1
- Standard status
- Active
- APN
- 05-0000-01037-002
- Size
- 3,738 SF
- Lot size
- 0.83 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Annual Amount
- 1783
Utilities
- Sewer type
- Septic Tank
- Heating system
- Electric (Heating), Baseboard, Propane (Heating)
- Water source
- Public
Building Details
- Year built
- 1985
- Floors in Building
- 1
- Flooring type
- Laminate, Vinyl
- Roof type
- Metal
Listing agency
High Valley Real Estate
(701) 662-6788
Listed by
James Andrews
Added: Apr 22 Updated: Jul 17 at 1:46AM Checked: Jul 22 at 12:06AM
MLS# 11746898
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.
A steel commercial building originally constructed in 1985 offering a mix of finished office/showroom space and an attached shop. The finished office area includes a showroom/reception area, private office, two bathrooms, laundry area, storage space, and a small workshop. Heating is provided by forced air equipment, though the central air system is currently non-operational; electric baseboard heat serves as the primary heat source for the office area.
The attached shop area is concrete-floored and includes functional workspace. A portion of the shop is heated by a suspended propane furnace, while the remaining area is unfinished and ready for customization or expanded use. The property is situated along the US Hwy 2 corridor on the east side of Devils Lake, ND, with highway exposure and accessibility.
With office, showroom, and shop components under one roof, this layout can support owner-user operations or service-oriented uses that benefit from both customer-facing space and hands-on workspace.
The attached shop area is concrete-floored and includes functional workspace. A portion of the shop is heated by a suspended propane furnace, while the remaining area is unfinished and ready for customization or expanded use. The property is situated along the US Hwy 2 corridor on the east side of Devils Lake, ND, with highway exposure and accessibility.
With office, showroom, and shop components under one roof, this layout can support owner-user operations or service-oriented uses that benefit from both customer-facing space and hands-on workspace.
Key Highlights
- Steel commercial building constructed in 1985 with office, showroom, and shop space.
- Finished office area offers about 1,250 SF with showroom/reception, private office, 2 bathrooms, laundry, storage, and a small workshop.
- Attached shop includes about 2,500 SF with concrete flooring and functional workspace; part is heated with a suspended propane furnace.
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $37.2k | $9.96 |
| − Vacancy | −$2.6k | −$0.70 |
| EGI | $34.6k | $9.26 |
| − OpEx | −$12.1k | −$3.24 |
| NOI | $22.5k | $6.02 |
3,738 SF · lease $9.96/SF/yr · vacancy 7.00% · expense 35.00%
Alternative Uses
Best Use
Retail
$690.3K
$604.0K – $805.4K
NOI $48,321 @ 7.0% cap · market cap 16.16%
Second Best
Office B
$508.6K
$445.0K – $593.3K
NOI $35,600 @ 7.0% cap · market cap 11.91%
Theoretical Best
Specialty Retail
$739.6K
$647.2K – $862.9K
NOI $51,772 @ 7.0% cap · market cap 17.32%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Steel commercial building with office, showroom/reception, and an attached concrete-floored shop.
Where is this flex space located?
The property is located at 8313 Highway 2 Devils Lake, ND.
What is the asking price?
The asking price for this property is $299,000.
What are key features of this property?
This property features: Steel commercial building constructed in 1985 with office, showroom, and shop space.; Finished office area offers about 1,250 SF with showroom/reception, private office, 2 bathrooms, laundry, storage, and a small workshop.; Attached shop includes about 2,500 SF with concrete flooring and functional workspace; part is heated with a suspended propane furnace.
