New Commercial Flex Condo
107 Washington Ave, Williston, ND 58801
4,015 sq ft flex condo ready for build-out.
Type:Mixed Use, Office, Retail, Special Purpose
Property size:
4,015 SFPrice / SF:
$143/SF- Added:
- Jul 26, 2025
- Days on Market:
- 337
- Last Refresh:
- Mar 16 at 1:21 pm
Property Features for 107 Washington Ave
General Information
- Standard status
- Active
- Size
- 4,015 SF
- Property subtype
- Mixed Use, Office, Retail, Special Purpose
Listing office NextHome Fredricksen Real Estate
Listing date Jul 26, 2025
Source Crexi
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
HighLights
- Located in Williston's Renaissance Zone, potentially qualifying for significant tax incentives (buyer to verify).
- 4,015 sq ft commercial flex condo with a flexible layout and 1,328 sq ft open mezzanine.
- Delivered unfinished, ready for custom build‑out to suit specific business needs.
- Prime central location with easy access to main commercial corridors and Business Hwy 2.
- Features 16' clear‑span ceilings, an oversized 18'x18' overhead door, and radiant in‑floor heat.
- Modern construction (2024) with steel‑frame, insulated metal roof, and EIFS exterior accents.
Overview
Located at 107 Washington Ave Suite B, this is a new architectural-grade commercial flex condo. The 4,015 sq ft space includes 2,687 sq ft on the main level and a 1,328 sq ft open mezzanine. The space is delivered unfinished, ready for a custom build-out. The property is zoned C-3 and located within Williston's Renaissance Zone, potentially qualifying it for tax incentives, including a 5-year property tax exemption and state income tax relief for qualifying commercial or mixed-use development. The flexible layout and upper-level mezzanine offer potential for live/work use. The building features 16' clear-span ceilings, an oversized 18'x18' overhead door, radiant in-floor heat, and a 6'' reinforced concrete slab designed for commercial-grade performance. Constructed in 2024, the building features steel-frame construction, an insulated metal roof, and EIFS exterior accents. City utilities are available, rough plumbing is installed, and there's a dedicated concrete parking pad out front. The property has easy access to Williston's main commercial corridors and Business Hwy 2.
Local Financial Insights For Office B
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 | $77.1k | $19.20 |
| − Vacancy | −$17.0k | −$4.22 |
| EGI | $60.1k | $14.98 |
| − OpEx | −$15.0k | −$3.74 |
| NOI | $45.1k | $11.23 |
4,015 SF · lease $19.20/SF/yr · vacancy 22.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$644.2K
$563.7K – $751.6K
NOI $45,096 @ 7.0% cap · market cap 7.84%
Second Best
Retail
$553.9K
$484.6K – $646.2K
NOI $38,771 @ 7.0% cap · market cap 6.74%
Theoretical Best
Office A
$885.4K
$774.7K – $1.03M
NOI $61,979 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Location Insight
- Map
- Local Demand
- City
- Williston
- County
- Williams
- State
- North Dakota
- Longitude
- -103.6247866
- Latitude
- 48.1446447
Nearby Similar for Sale
FAQs
What type of property is this?
Mixed-use property - 4,015 sq ft flex condo ready for build-out.
Where is this mixed-use property located?
The property is located at 107 Washington Ave Williston, ND.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: Located in Williston's Renaissance Zone, potentially qualifying for significant tax incentives (buyer to verify).; 4,015 sq ft commercial flex condo with a flexible layout and **1,328 sq ft open mezzanine**.; Delivered unfinished, ready for custom build‑out to suit specific business needs.
