Flex Condo with Heated Shop
107 Washington Avenue B, Williston, ND 58801
For Sale
New
$525,000
An unfinished interior, mezzanine, storefront entrance and radiant-heated shop offer flexibility for a commercial buildout.
Property Size3,886 SF
Price / SF$135.10
Days on Market4
Property Features for 107 Washington Avenue B
General Information
Standard status
Size
Zoning
Warehouse & Industrial
Warehouse Space
Mezzanine
Additional Details
Asking Price
Property Use
Building Details
Year Built
Construction
Listing Agency:
NextHome Fredricksen Real Estate
(701) 572-8167
Listed By:
Amanda L Stevens · License ND #9325
(701) 770-3394
Source:
Hunterroll
Added: Nov 10
Last Checked: Nov 12 at 6:33AM
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 NextHome Fredricksen Real Estate
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2024, this steel-frame flex condominium contains approximately 3,886 square feet, including a 2,687-square-foot shop bay and an open mezzanine of approximately 1,199 square feet. The shop has a poured concrete floor with hydronic radiant heat, a powered overhead door, trench drain and high ceilings. A mechanical room contains the radiant boiler and manifold, Carrier gas furnace, central air equipment, electrical panel and water service. Rough plumbing is in place, and the interior is unfinished for a buyer’s buildout. A separate room beneath the mezzanine can serve as office, showroom or reception space; the mezzanine opens to a second-story composite deck.
The property is zoned C-3 and sits in Williston’s Renaissance Zone. It has a private storefront entrance beneath a canopy and striped concrete parking directly in front. The mezzanine features large windows and LED lighting.
The property is zoned C-3 and sits in Williston’s Renaissance Zone. It has a private storefront entrance beneath a canopy and striped concrete parking directly in front. The mezzanine features large windows and LED lighting.
Key Highlights
- 2024‑built steel‑frame flex condominium with approximately 3,886 square feet
- Shop bay measures 2,687 square feet; open mezzanine adds approximately 1,199 square feet
- Hydronic radiant floor heat, powered overhead door, trench drain and poured concrete shop floor
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,510
Cap Rate
7.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,200
$750.2K
Cap Rate 7%
$535,857
$535.9K
Cap Rate 9%
$416,778
$416.8K
Market Conditions
NOI Build-Up for 3,886 SF
Gross rent
$58.3K $15.00/SF
− Vacancy
−$583 −$0.15/SF
EGI
$57.7K $14.85/SF
− OpEx
−$20.2K −$5.20/SF
NOI
$37.5K $9.65/SF
Area
Williams County, ND
Vacancy
1.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$750,200
Cap Rate 7%
$535,857
Cap Rate 9%
$416,778
Alternative Uses
Best Use
Flex RnD
$535.9K
$468.9K – $625.2K
NOI $37,510 @ 7.0% cap · market cap 7.14%
Second Best
Warehouse
$432.6K
$378.5K – $504.7K
NOI $30,283 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$857.0K
$749.8K – $999.8K
NOI $59,987 @ 7.0% cap · market cap 11.43%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
821
Businesses Nearby
Under-served
Demand for This Use
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
Similar Off Market Nearby
- C J Delights & Catering — 621 E Broadway suite a, Williston, ND 58801
Frequently Asked Questions
What type of property is this?
Flex space - An unfinished interior, mezzanine, storefront entrance and radiant-heated shop offer flexibility for a commercial buildout.
Where is this flex space located?
The property is located at 107 Washington Avenue B Williston, ND.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: 2024‑built steel‑frame flex condominium with approximately 3,886 square feet; Shop bay measures 2,687 square feet; open mezzanine adds approximately 1,199 square feet; Hydronic radiant floor heat, powered overhead door, trench drain and poured concrete shop floor
