Two-Building Manufacturing
For Sale
$700,000
Pending
103 1st St W, Williston, ND 58801
Commercially zoned facilities offer overhead-door access and a partially fenced area for industrial operations.
Property Size5,280 SF
Days on Market229
Property Features for 103 1st St W
General Information
Standard status
Pending
Size
5,280 SF
Zoning
Commercial
Taxes and HOA fees
Annual Taxes
$20,553
Building Details
Year Built
1978
Buildings
2
Listing Agency:
eXp Realty
(612) 751-9303
Listed By:
Erik C Peterson · License #9328
(701) 369-3949
Source:
Exprealty
Added: Mar 18
Changed: Oct 25
Last Checked: Oct 30 at 6:56PM
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 eXp Realty
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This manufacturing property comprises two separate buildings totaling 5,280 SF. The larger structure contains 4,000 SF, while the second building provides 1,280 SF. Constructed in 1978, the improvements include 4 overhead doors and established infrastructure, with a partially fenced area serving the site.
The property is located at 103 1st St W in downtown Williston, near a railroad and key transportation routes. Both buildings carry Commercial zoning, supporting the property’s industrial and manufacturing orientation.
The property is located at 103 1st St W in downtown Williston, near a railroad and key transportation routes. Both buildings carry Commercial zoning, supporting the property’s industrial and manufacturing orientation.
Key Highlights
- Two‑building configuration totaling 5,280 SF
- 4,000 SF primary building plus 1,280 SF secondary building
- Built in 1978 with 4 overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,601
Cap Rate
4.51%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$632,020
$632.0K
Cap Rate 7%
$451,443
$451.4K
Cap Rate 9%
$351,122
$351.1K
Market Conditions
NOI Build-Up for 5,280 SF
Gross rent
$47.5K $9.00/SF
− Vacancy
−$2.4K −$0.45/SF
EGI
$45.1K $8.55/SF
− OpEx
−$13.5K −$2.56/SF
NOI
$31.6K $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%
$632,020
Cap Rate 7%
$451,443
Cap Rate 9%
$351,122
Alternative Uses
Best Use
Industrial
$451.4K
$395.0K – $526.7K
NOI $31,601 @ 7.0% cap · market cap 4.51%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.16M
$1.02M – $1.36M
NOI $81,506 @ 7.0% cap · market cap 11.64%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
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Business Placement
Demographics for 58801, ND
34,921
Population
17,095
Households
2
Avg Household Size
31
Median Age
25%
College-Educated
91%
High-School Grad
716.1 sq mi
ZIP Area
49
Density / Sq Mi
$90,119
Median Household Income
$53,496
Median Earnings
$1,116
Median Rent
$279,800
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Manufacturing property - Commercially zoned facilities offer overhead-door access and a partially fenced area for industrial operations.
Where is this manufacturing property located?
The property is located at 103 1st St W Williston, ND.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Two‑building configuration totaling 5,280 SF; 4,000 SF primary building plus 1,280 SF secondary building; Built in 1978 with 4 overhead doors
