Two-Building Manufacturing
For Sale
$700,000
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
Price / SF$132.58
Days on Market165
Property Features for 103 1st St W
General Information
Standard status
Active
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
(701) 369-3949
Listed By:
Erik C Peterson · License #9328
(701) 369-3949
Source:
Exprealty
Added: Mar 20
Changed: Aug 30
Last Checked: Aug 30 at 3:14PM
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
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 = 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
$31,601
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
4.51%
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%
$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
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
$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 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%
$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.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
861
Businesses Nearby
Explore this area
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
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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
