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    520 3Rd St NW Jamestown, ND 58401

    For Sale
    $2,600,000

    Well-maintained office building leased to government agency.

    Property size:
    27,419 SF
    Lot size:
    1.37 Acres

    Property Features for 520 3Rd St NW

    General Information

    Size
    27,419 SF
    Lot size
    1.37 Acres

    Source: Horizon Real Estate Group Agent David Schlossman, CCIM

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Office Building Near James River

    This office building, constructed in 1978 and periodically updated, features a wood frame structure with brick veneer and a metal exterior. A new asphalt shingle roof was installed in 2022. The property is fully leased by the North Dakota Department of Human Services for the South Central Human Services Center, providing stable rental income. Situated adjacent to the James River in a Public Open Development and Conservation District, the location is suitable for community-oriented uses, blending riverfront tranquility with urban convenience. The gross site area is approximately 68,600 square feet, accommodating on-site parking for about 72 vehicles, along with additional street parking. Handicap accessibility ramps and an elevator enhance inclusivity, servicing all floors. The building includes multiple heating and cooling systems for year-round comfort, and restroom facilities are spread across all floors. The property has a gross leasable area of 27,419 square feet. The projected net operating income is $239,960, with a projected cap rate of 9.22%.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rodlund Sandra Social Worker South Central Human ... Government Economic Program Cassandra Buchanan Nurse Practitioner Vocational Rehabilitation Social Services Organization Reinarts Courtney M Social Worker

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Jamestown
    County
    Stutsman
    State
    North Dakota
    Longitude
    -98.7151869
    Latitude
    46.9104999

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    FAQs

    What type of property is this?
    Office building - Well-maintained office building leased to government agency.
    Where is this office building located?
    The property is located at 520 3Rd St NW Jamestown, ND.
    What is the asking price?
    The asking price for this property is $2,600,000.
    What are key features of this property?
    This property features: - Fully leased by the North Dakota Department of Human Services, ensuring consistent and secure rental income.; - Projected Cap Rate: 9.22%; - Projected NOI: $239,960
    (701) 478-7600
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    520 3Rd St NW Jamestown, ND 58401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 3Rd St NW Jamestown, ND 58401
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