Industrial Property with Steel
For Sale
$600,000
Pending
10290 60th, Tioga, ND 58852
Steel building with concrete flooring, cooling, and nearby natural gas service supports potential commercial or industrial applications.
Property Size6,000 SF
Days on Market78
Property Features for 10290 60th
General Information
Standard status
Pending
Size
6,000 SF
Property subtype
Commercial
Additional Details
Heavy Power
Yes
Taxes and HOA fees
Annual Taxes
$1,060
Amenities
0.00
Building Details
Buildings
1
Construction
steel
Listing Agency:
CENTURY 21 Morrison Realty
Listed By:
WILL GARDNER
(701) 388-6171
Source:
Clearwaterproperties
Added: Aug 1
Changed: Oct 16
Last Checked: Oct 16 at 8:46AM
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 CENTURY 21 Morrison Realty
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Investment Insights
Based on property information with market context.
This industrial property includes a steel building with a concrete floor and cooling in place. The building has been considered for data center use and may also support another commercial or industrial project, subject to applicable approvals and verification of zoning. The property is associated with an available 30 Megawatts power capacity, while natural gas lines are located nearby.
Sound studies were completed for the current owner's proposed project and received approval from Williams County and the township board. A new approval would be required if a future project differs materially from the previously reviewed use. The property is located at 10290 60th in Tioga, North Dakota.
Sound studies were completed for the current owner's proposed project and received approval from Williams County and the township board. A new approval would be required if a future project differs materially from the previously reviewed use. The property is located at 10290 60th in Tioga, North Dakota.
Key Highlights
- 30 Megawatts available
- Steel building with concrete floor
- Cooling system in place
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,910
Cap Rate
5.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,200
$718.2K
Cap Rate 7%
$513,000
$513.0K
Cap Rate 9%
$399,000
$399.0K
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$54.0K $9.00/SF
− Vacancy
−$2.7K −$0.45/SF
EGI
$51.3K $8.55/SF
− OpEx
−$15.4K −$2.56/SF
NOI
$35.9K $5.98/SF
Area
Williams County, ND
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$718,200
Cap Rate 7%
$513,000
Cap Rate 9%
$399,000
Alternative Uses
Best Use
Industrial
$513.0K
$448.9K – $598.5K
NOI $35,910 @ 7.0% cap · market cap 5.99%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.32M
$1.16M – $1.54M
NOI $92,621 @ 7.0% cap · market cap 15.44%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Yes
Heavy power
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 58852, ND
2,822
Population
1,277
Households
2.2
Avg Household Size
36
Median Age
20%
College-Educated
87%
High-School Grad
310.6 sq mi
ZIP Area
9
Density / Sq Mi
$67,143
Median Household Income
$49,193
Median Earnings
$1,043
Median Rent
$207,200
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Industrial property - Steel building with concrete flooring, cooling, and nearby natural gas service supports potential commercial or industrial applications.
Where is this industrial property located?
The property is located at 10290 60th Tioga, ND.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 30 Megawatts available; Steel building with concrete floor; Cooling system in place
