Commercial Flex Condo with Overhead
New
For Sale
$550,000
107 Washington Avenue, Williston, ND 58801
COMMERCIAL - Williston, ND
Property Size4,015 SF
Lot Size0.10 Acres
Price / SF$136.99
Days on Market1
Property Features for 107 Washington Avenue
General Information
Property type
Commercial Sale
Property subtype
Other
Standard status
Active
Lot size
0.10 Acres
Building Details
Year built
2024
Listing Agency:
NextHome Fredricksen Real Estate
(701) 572-8167
Listed By:
Amanda Stevens · License #9325,PersonLicenseNumber
(701) 770-3394
Added: Aug 1
Last Checked: Aug 1 at 5:06PM
MLS# 4026283
Copyright © 2026 NextHome, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
107 Washington Avenue, Suite B offers a brand-new architectural-grade commercial flex condo in a central Williston location with easy access to the main commercial corridors and Business Hwy 2. The 4,015 SF space includes 2,687 SF on the main level plus a 1,328 SF open mezzanine, delivered unfinished and ready for your custom build-out. The property is zoned C-3 and located within Williston’s Renaissance Zone.
The space is designed for flexible use, including the option for live/work—subject to buyer verification of residential allowance through the Renaissance Zone program and city zoning. Building features include an oversized 18’x18’ overhead door, radiant in-floor heat, and a 6” reinforced concrete slab engineered for commercial-grade performance. The property is constructed in 2024 with steel-frame construction, an insulated metal roof, and EIFS exterior accents.
City utilities are available, rough plumbing is installed, and there is a dedicated concrete parking pad out front. The Renaissance Zone program may provide a 5-year property tax exemption and state income tax relief for qualifying commercial or mixed-use development, subject to buyer verification with the City of Williston.
The space is designed for flexible use, including the option for live/work—subject to buyer verification of residential allowance through the Renaissance Zone program and city zoning. Building features include an oversized 18’x18’ overhead door, radiant in-floor heat, and a 6” reinforced concrete slab engineered for commercial-grade performance. The property is constructed in 2024 with steel-frame construction, an insulated metal roof, and EIFS exterior accents.
City utilities are available, rough plumbing is installed, and there is a dedicated concrete parking pad out front. The Renaissance Zone program may provide a 5-year property tax exemption and state income tax relief for qualifying commercial or mixed-use development, subject to buyer verification with the City of Williston.
Key Highlights
- 4,015 SF flex condo with 2,687 SF main level plus 1,328 SF open mezzanine
- Oversized 18’x18’ overhead door
- Radiant in‑floor heat and 6” reinforced concrete slab
Financial Insights For Flex RnD
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 | $60.2k | $15.00 |
| − Vacancy | −$602 | −$0.15 |
| EGI | $59.6k | $14.85 |
| − OpEx | −$20.9k | −$5.20 |
| NOI | $38.8k | $9.65 |
4,015 SF · lease $15.00/SF/yr · vacancy 1.00% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$553.6K
$484.4K – $645.9K
NOI $38,755 @ 7.0% cap · market cap 7.05%
Second Best
Warehouse
$447.0K
$391.1K – $521.5K
NOI $31,288 @ 7.0% cap · market cap 5.69%
Theoretical Best
Office A
$885.4K
$774.7K – $1.03M
NOI $61,979 @ 7.0% cap · market cap 11.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
904
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
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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 - Brand-new flex condo zoned C-3 with city utilities, an oversized overhead door, and an open mezzanine ready for build-out.
Where is this flex space located?
The property is located at 107 Washington Avenue Williston, ND.
What is the asking price?
The asking price for this property is $550,000.
What are key features of this property?
This property features: 4,015 SF flex condo with 2,687 SF main level plus 1,328 SF open mezzanine; Oversized 18’x18’ overhead door; Radiant in‑floor heat and 6” reinforced concrete slab
