Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2020 3Rd St SE Mandan, ND 58554

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    $1,000 /Mo

    1,000-SF shop bay with overhead door and floor drain.

    Property Features for 2020 3Rd St SE

    General Information

    Zoning
    CB

    We can help!

    Listing Contact
    Kristyn Steckler, Commercial
    Source: Thecragroup

    Listing Agent: Kristyn Steckler, Commercial

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

    Learn more

    Overview

    Mandan Shop Bay For Rent

    This 1,000-sf shop bay is located in central Mandan, just south of Memorial Highway. The space features one 14'x14' overhead door, water, heat, and a floor drain. On-site parking is available. The space was previously used as a wash bay. It is suitable for a company or individual seeking additional heated storage.
    Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Restaurant Real Estate Agency Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Hair Salon Auto Repair Shop Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Mandan
    County
    Morton
    State
    North Dakota
    Longitude
    -100.863746
    Latitude
    46.822089

    Nearby Similar for Lease

    • $400 /Mo

      Historic Office Space in Mandan

      Main floor office space in historic Lewis & Clark Hotel.
      406 W Main St, Mandan, ND 58554
      View Details
    • $4,800 /Mo

      Waterfront Office with Shop Space

      Commercial flex space available January 2026 with bay and riverfront views.
      2614 Marina Rd Southeast, Mandan, ND 58554
      View Details
    • $1,125 /Mo

      Versatile Flex Space with Office

      1,500 SF flex space with office and roll-up door.
      806 Adobe Trl Southeast, Mandan, ND 58554
      View Details
    • $7,500 /Mo

      Spacious Medical Office for Rent

      6,000 SF medical space with treatment rooms and offices.
      107 3Rd Ave Northwest, Mandan, ND 58554
      View Details
    • $3,000 /Mo

      Mandan Commercial Space For Lease

      Versatile commercial space with high visibility on Memorial Highway.
      2812 Memorial Hwy, Mandan, ND 58554
      View Details
    • $7,500 /Mo
      6,000 SF

      Mandan Clinic/Office Space for Lease

      6,000 SF clinic/office space available for lease in Mandan.
      113 3Rd Ave NW, Mandan, ND 58554
      View Details
    • $14 SF/Yr
      448 SF

      Downtown Mandan Retail Space Available

      Retail space in historic Lewis & Clark Building for rent.
      404 West Main St, Mandan, ND 58554
      View Details
    • $13 SF/Yr
      1,210 SF

      Retail Showroom on Collins Avenue

      Retail showroom available in downtown Mandan starting July 1, 2025.
      100 Collins Ave, Mandan, ND 58554
      View Details
    • $8 SF/Yr

      Versatile Industrial Property with Office

      Spacious industrial property featuring office space and expansive shop area.
      2909 Twin City Dr, Mandan, ND 58554
      View Details
    • $10 SF/Yr

      Mandan Retail/Office Space Available

      High-visibility retail/office space with storage in Mandan.
      216 E Main St, Mandan, ND 58554
      View Details
    • $6 SF/Yr

      Updated Retail Space in Mandan

      Move-in ready retail space in downtown Mandan.
      112 2Nd Ave NW, Mandan, ND 58554
      View Details
    • $12 SF/Yr

      Downtown Mandan Retail/Office Space

      Main floor retail or office space in historic Lewis & Clark.
      105 3Rd Ave Northwest, Mandan, ND 58554
      View Details

    FAQs

    What type of property is this?
    Flex space - 1,000-SF shop bay with overhead door and floor drain.
    Where is this flex space located?
    The property is located at 2020 3Rd St SE Mandan, ND.
    What is the lease rate?
    The lease rate is $1,000 /Mo.
    What are key features of this property?
    This property features: - 1,000-sf shop bay in central Mandan location, just south of Memorial Highway.; - Equipped with a **14'x14' overhead door for easy access.**; - Includes essential utilities: water and heat.
    (701) 527-0138
    Request Owner's contact information
    2020 3Rd St SE Mandan, ND 58554
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2020 3Rd St SE
    Mandan, ND 58554
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    2020 3Rd St SE Mandan, ND 58554
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Kristyn Steckler, Commercial
    Real Estate License ID: #9182
    (701) 527-0138
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!