Modern Office Space For
4500 36th Ave S Grand Forks, ND
4500 36th Ave S, Grand Forks, ND, 00000
Contact for pricing
For Sale
Contact for pricing
Contemporary office space in a growing Grand Forks location.
Property Size2,484 SF
Lot Size4.43 Acres
Price / SF$188.81
Days on Market852
Property Features for 4500 36th Ave S
General Information
- Standard status
- Active
- Size
- 2,484 SF
- Lot size
- 4.43 Acres
- Property subtype
- OFFICE
Properties For Sale
at 4500 36th Ave S Contact us
Listing Agency
Dakota Commercial - Corporate
(701) 739-3560
Listed by
Chelsie Kuhn · License #9179
(701) 739-3560
Source
Moodyscre
Added: Mar 21, 2024 Checked: Jul 19 at 4:35 am
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 Dakota Commercial - Corporate
Investment Insights
Based on property information with market context.
This 2,484 square foot office space features contemporary design and modern amenities. Situated in a developing area of South Grand Forks, the property offers convenient access to major roads, including 32nd Avenue and I-29. The space is suitable for businesses, storage, and toy shops.
Key Highlights
- Prime location in South Grand Forks.
- Easy access to 32nd Ave and I‑29.
- Suitable for businesses, storage, toy shops & more.
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 | $37.3k | $15.00 |
| − Vacancy | −$4.5k | −$1.80 |
| EGI | $32.8k | $13.20 |
| − OpEx | −$8.2k | −$3.30 |
| NOI | $24.6k | $9.90 |
2,484 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$351.3K
$307.4K – $409.9K
NOI $24,592 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.9K
$402.4K – $536.6K
NOI $32,193 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mega MAK Storage ...
Storage Facility
Similar For Sale Nearby
FAQs
What type of property is this?
Office units - Contemporary office space in a growing Grand Forks location.
Where is this office units located?
The property is located at 4500 36th Ave S Grand Forks, ND.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: Prime location in South Grand Forks.; Easy access to 32nd Ave and I‑29.; Suitable for businesses, storage, toy shops & more.
