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    Functional Shop on Stabilized Acres Title is generated by Realmo AI

    5083 146th NW Avenue, Williston, ND 58801

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    Claim this Listing
    For Sale
    $1,900,000

    High-quality shop with offices on 15 acres for sale.

    Type:Commercial/Industrial
    Property size:
    13,928 SF
    Lot size:
    15.85 Acres
    Price / SF:
    $136/SF
    Added:
    Apr 17, 2024
    Days on Market:
    787
    Last Refresh:
    May 19 at 8:54 pm

    Property Features for 5083 146th NW Avenue

    General Information

    Standard status
    Active
    Size
    13,928 SF
    Lot size
    15.85 Acres
    Property subtype
    Commercial/Industrial

    Building Details

    Year Built
    2013

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    Listing Contact
    Erik C Peterson

    Listing agent Erik C Peterson

    Listing office eXp Realty

    Listing date Apr 17, 2024

    Source Exitrealty

    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 eXp Realty

    HighLights

    • 14,000 SQ FT high‑end shop with offices on 15 stabilized acres.
    • High‑quality construction with high clearance ceilings and wash area.
    • 4,480 Sq Ft of office space including 10 private offices, two conference rooms, training room, and break room/lounge.
    • Three drive‑through bays and one drive‑in bay with 80' depth.
    • Benefit from the 20' Ceiling Height.
    • Built in 2013.

    Overview

    This property features a functional, high-end shop encompassing approximately 14,000 square feet, situated on 15 stabilized acres. The structure boasts high-quality construction, incorporating office spaces, high-clearance ceilings, and a wash area. The shop footprint measures 144 feet by 80 feet, totaling 11,520 square feet. An additional 2,240 square feet is dedicated to a second-level office, complemented by a 168-square-foot vestibule, bringing the total square footage to 13,928. The office area spans 4,480 square feet, including 10 private offices, two conference rooms, a training room, a break room/lounge, a dispatch office, and a reception area. The land dimensions are 1245 feet by 525 feet, equating to 653,625 square feet, or approximately 15 acres. The property includes three drive-through bays and one additional drive-in bay, with a bay depth of 80 feet to accommodate longer trucks. The ceiling height is 20 feet. The building dimensions are as follows: office space measures 30 feet by 80 feet, while the shop area is 144 feet by 80 feet, totaling 11,520 square feet, plus the 2,240 square feet of second-level office space and the 168-square-foot vestibule, resulting in a total of 13,928 square feet on 15 acres.

    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 $267.4k $19.20
    − Vacancy −$58.8k −$4.22
    EGI $208.6k $14.98
    − OpEx −$52.1k −$3.74
    NOI $156.4k $11.23
    13,928 SF · lease $19.20/SF/yr · vacancy 22.00% · expense 25.00%

    Alternative Uses

    Best Use
    Office B
    $2.23M
    $1.96M – $2.61M (±1% cap)
    NOI $156,439 @ 7.0% cap · market cap 8.23%
    Second Best
    Flex RnD
    $1.92M
    $1.68M – $2.24M (±1% cap)
    NOI $134,440 @ 7.0% cap · market cap 7.08%
    Theoretical Best
    Office A
    $3.07M
    $2.69M – $3.58M (±1% cap)
    NOI $215,004 @ 7.0% cap · market cap 11.32%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Axis Energy Services Employment Agency

    Suggested Use

    Bed & Breakfast Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Williams
    State
    North Dakota
    Longitude
    -103.843
    Latitude
    48.1513

    FAQs

    What type of property is this?
    Flex space - High-quality shop with offices on 15 acres for sale.
    Where is this flex space located?
    The property is located at 5083 146th NW Avenue Williston, ND.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: 14,000 SQ FT high‑end shop with offices on 15 stabilized acres.; High‑quality construction with high clearance ceilings and wash area.; **4,480 Sq Ft of office space including 10 private offices, two conference rooms, training room, and break room/lounge.**
    More about this property
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