Retail Opportunity in South
For Sale
$700,000
810 WASHINGTON S Street, Grand Forks, ND 58201
Well-maintained building on a large site in prime location.
Property Size4,200 SF
Lot Size0.48 Acres
Price / SF$166.67
Days on Market569
Property Features for 810 WASHINGTON S Street
General Information
Standard status
Active
Size
4,200 SF
Lot size
0.48 Acres
Property subtype
Other
Building Details
Year Built
1960
Listing Agency:
Greenberg Realty
(701) 739-6641
Listed By:
Skip Greenberg · License #1262
(701) 739-6641
Source:
Exitrealty
Added: Jan 9, 2025
Changed: Jul 6
Last Checked: Aug 1 at 11:17AM
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 Greenberg Realty
Investment Insights
Based on property information with market context.
This property presents a retail opportunity with an approximately 21,000 square foot site. Included is a well-maintained 4,200 square foot building. The location is in South Washington. The business is also for sale.
Key Highlights
- Large 21,000 sqft site
- Well‑maintained 4200 sqft building
- Prime South Washington location
Financial Insights For Retail
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 | $50.4k | $12.00 |
| − Vacancy | −$5.0k | −$1.20 |
| EGI | $45.4k | $10.80 |
| − OpEx | −$13.6k | −$3.24 |
| NOI | $31.8k | $7.56 |
4,200 SF · lease $12.00/SF/yr · vacancy 10.00% · expense 30.00%
Alternative Uses
Best Use
Retail
$453.6K
$396.9K – $529.2K
NOI $31,752 @ 7.0% cap · market cap 4.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$777.6K
$680.4K – $907.2K
NOI $54,432 @ 7.0% cap · market cap 7.78%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
489
Businesses Nearby
33k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 51%
Dining 28%
Beauty & Spa 21%
Circle K
Shops & Services
13,446 visits/mo
0.3 miles
My Salon Suite
Beauty & Spa
6,196 visits/mo
0.3 miles
Valley Dairy
Dining
5,208 visits/mo
0.2 miles
Holiday Station Store
Shops & Services
3,552 visits/mo
0.3 miles
Tropical Smoothie Cafe
Dining
3,471 visits/mo
0.3 miles
Demographics for 58201, ND
42,598
Population
20,277
Households
2.1
Avg Household Size
34
Median Age
40%
College-Educated
96%
High-School Grad
69.0 sq mi
ZIP Area
617
Density / Sq Mi
$69,120
Median Household Income
$43,503
Median Earnings
$966
Median Rent
$274,000
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Retail property - Well-maintained building on a large site in prime location.
Where is this retail property located?
The property is located at 810 WASHINGTON S Street Grand Forks, ND.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: Large 21,000 sqft site; Well‑maintained 4200 sqft building; Prime South Washington location
