High-Yield Industrial Investment
10863 29th P St SW Dickinson, Dickinson, ND 58601
Industrial property with 10% cap rate and limited landlord responsibilities.
Type:Industrial
Property size:
14,200 SFLot size:
3.38 AcresPrice / SF:
$90/SF- Added:
- Mar 5, 2026
- Days on Market:
- 78
- Last Refresh:
- Apr 5 at 10:11 pm
Property Features for 10863 29th P St SW Dickinson
General Information
- Standard status
- Active
- Size
- 14,200 SF
- Lot size
- 3.38 Acres
- Property subtype
- Industrial
Listing agent Jeff Lunnen License #ND #9171 (701) 428-1243
Listing office Lunnen Real Estate Services (701) 428-1243
Listing date Mar 5, 2026
Source Lunnennorthdakota
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 Lunnen Real Estate Services
HighLights
- High‑yield Investment Property with an impressive 10% cap rate.
- Located in the Critical Bakken Shale Oil and Gas Region.
- Passive Lease Structure with Limited Landlord Responsibilities.
- ±14,200 SQ FT Building on ±3.38 Acre Fenced Yard in Zoned Industrial Park.
- 2% Annual Rent Escalations with Renewal Options.
- Newer High Quality Construction (Built in 2012).
Overview
This industrial property is available for sale as a high-yield investment, boasting a 10% cap rate and limited landlord responsibilities. The passive lease structure and low price point make it ideal for a 1031 exchange. Located in a strategic Bakken Industrial Park, it benefits from access to major thoroughfares within the 2nd largest oil and gas producing region. The property features a total building size of approximately 14,200 square feet, including an approximately 10,000 square foot shop (80' x 125'), a main floor office of 2,100 square feet (60' x 35'), and a second-floor office of approximately 2,100 square feet. The layout includes a drive-through bay with 16' x 14' automatic overhead doors, three office spaces, a reception room, a break room, and a file/storage room. The upstairs office area contains two rooms plus one bathroom. Zoned industrial and situated in the Five Diamond Industrial Park, the property also includes an approximately 3.38-acre fenced yard. Constructed in 2012, the building is of newer, high-quality construction. The lease includes 2% annual rent escalations and two sixty-month renewal options at the current prevailing market rate with 2% annual rent escalations.
Financial Insights
Value Estimation Calculated for Industrial
Conservative
$934.4K
NOI $84,092 @ 9.00% cap · cautious / downside scenario
Moderate
$1.20M
NOI $84,092 @ 7.00% cap · market / base-case scenario
Aggressive
$1.68M
NOI $84,092 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Industrial
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $127.8k | $9.00 |
| − Vacancy | −$7.7k | −$0.54 |
| EGI | $120.1k | $8.46 |
| − OpEx | −$36.0k | −$2.54 |
| NOI | $84.1k | $5.92 |
14,200 SF · lease $9.00/SF/yr · vacancy 6.00% · expense 30.00%
Alternative Use Scenarios
Best Use
Industrial
$1.20M
$1.05M – $1.40M
NOI $84,092 @ 7.0% cap · market cap 6.58%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$11.26M
$9.85M – $13.14M
NOI $788,344 @ 7.0% cap · market cap 61.69%
Zoning and permitted uses should be independently verified with local authorities.
Location Intelligence
Current Use by Public Records
1031 exchange properties
Location Insight
- Map
- Local Demand
- City
- Dickinson
- County
- Stark
- State
- North Dakota
- Longitude
- -102.754
- Latitude
- 46.9271
Nearby Similar for Sale
FAQs
What type of property is this?
Industrial property - Industrial property with 10% cap rate and limited landlord responsibilities.
Where is this industrial property located?
The property is located at 10863 29th P St SW Dickinson Dickinson, ND.
What is the asking price?
The asking price for this property is $1,278,000.
What are key features of this property?
This property features: High‑yield Investment Property with an impressive 10% cap rate.; Located in the Critical Bakken Shale Oil and Gas Region.; Passive Lease Structure with Limited Landlord Responsibilities.
