Flex Space with Open
107 Washington Avenue, Williston, ND 58801
For Sale
$550,000
Williston, ND
Property Size4,015 SF
Lot Size0.10 Acres
Price / SF$136.99
Days on Market13
Property Features for 107 Washington Avenue
General Information
Property type
Property subtype
Standard status
Lot size
Additional Details
Property Use
Building Details
Year built
Listing Agency:
NextHome Fredricksen Real Estate
(701) 572-8167
Listed By:
Amanda Stevens · License #9325
(701) 770-3394
Added: Oct 26
Changed: Nov 4
Last Checked: Nov 7 at 6:06PM
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.
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Investment Insights
Based on property information with market context.
Built in 2024, this steel-frame flex condo contains 4,015 square feet, with 2,687 square feet at grade and an open 1,328-square-foot mezzanine. The interior is unfinished for a buyer’s build-out. Building features include an 18' x 18' overhead door, radiant in-floor heat, and a 6-inch reinforced concrete slab. The exterior combines an insulated metal roof with EIFS accents. City utilities are available, rough plumbing is in place, and a dedicated concrete parking pad sits at the front of the property.
The property is zoned C-3 and lies within Williston’s Renaissance Zone. The listing indicates that qualifying commercial or mixed-use projects may be eligible for tax incentives; eligibility and any residential use require verification with the city and applicable program. The address is 107 Washington Avenue in Williston, North Dakota.
The property is zoned C-3 and lies within Williston’s Renaissance Zone. The listing indicates that qualifying commercial or mixed-use projects may be eligible for tax incentives; eligibility and any residential use require verification with the city and applicable program. The address is 107 Washington Avenue in Williston, North Dakota.
Key Highlights
- 4,015 square feet total: 2,687 square feet on the main level and a 1,328‑square‑foot mezzanine
- 18' x 18' overhead door and 6‑inch reinforced concrete slab
- 2024 steel‑frame construction with insulated metal roof and EIFS exterior accents
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,755
Cap Rate
7.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$775,100
$775.1K
Cap Rate 7%
$553,643
$553.6K
Cap Rate 9%
$430,611
$430.6K
Market Conditions
NOI Build-Up for 4,015 SF
Gross rent
$60.2K $15.00/SF
− Vacancy
−$602 −$0.15/SF
EGI
$59.6K $14.85/SF
− OpEx
−$20.9K −$5.20/SF
NOI
$38.8K $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%
$775,100
Cap Rate 7%
$553,643
Cap Rate 9%
$430,611
Alternative Uses
Best Use
Flex RnD
$553.6K
$484.4K – $645.9K
NOI $38,755 @ 7.0% cap · market cap 7.05%
Second Best
Industrial
$343.3K
$300.4K – $400.5K
NOI $24,030 @ 7.0% cap · market cap 4.37%
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.
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Open Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
861
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
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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 - Unfinished C-3 space offers a flexible interior, installed rough plumbing, and radiant in-floor heat.
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 square feet total: 2,687 square feet on the main level and a 1,328‑square‑foot mezzanine; 18' x 18' overhead door and 6‑inch reinforced concrete slab; 2024 steel‑frame construction with insulated metal roof and EIFS exterior accents
