1004 5th Street E #106, Horace, ND 58047
Fully finished shop condo units with office space, bathroom, and large overhead doors for versatile business use.
- Added:
- Jun 11, 2026
- Days on Market:
- 28
- Last Refresh:
- Jul 8 at 2:30 am
Property Features for 1004 5th Street E #106
General Information
- Standard status
- Active
- Size
- 1,605 SF
- Property subtype
- Commercial
Building Details
- Year Built
- 2025
Listing office Horizon Real Estate Group (218) 686-5607
Listing date Jun 11, 2026
Source Juverealestate
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Horizon Real Estate Group
HighLights
- Fully finished 28' x 60' (A) shop condo units with office space, bathroom, and storage room
- Includes large windows and 16' ceilings
- Features 12' x 14' O.H. overhead doors sized for a camper
- Quality construction with fully sheet rocked interior for comfort and quiet
- Poured footing walls with 2x8 construction supporting longevity
Overview
The units feature 12' x 14' overhead doors sized for larger equipment and vehicles, including the ability to accommodate a camper based on the provided remarks. With the shop-and-office configuration, the space is designed for businesses that need both a functional work area and dedicated interior space.
For prospective buyers, these condo-style units offer a finished interior setup without requiring fit-out for a basic office and amenities. The overhead door access and high ceilings make the units well suited for hands-on operations that benefit from direct drive-in capability, while the included bathroom and storage room support day-to-day workflow.
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 | $23.1k | $14.40 |
| − Vacancy | −$1.8k | −$1.15 |
| EGI | $21.3k | $13.25 |
| − OpEx | −$7.4k | −$4.64 |
| NOI | $13.8k | $8.61 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Horace
- County
- Cass
- State
- North Dakota
- Longitude
- -96.893224
- Latitude
- 46.772735
