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

    324 2Nd St W Williston, ND 58801

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Versatile commercial building with loading dock and parking.

    Property size:
    7,052 SF
    Lot size:
    0.32 Acres

    Property Features for 324 2Nd St W

    General Information

    Standard status
    Active
    Size
    7,052 SF
    Lot size
    0.32 Acres

    Building Details

    Year built
    1952

    We can help!

    Listing Contact
    Jill Lee
    Source: Exitrealty

    Listing Agency: Realty One Group Caliber Listing Agent: Jill Lee

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

    Learn more

    Overview

    Historical Williston Building with Potential

    This historical building in Williston offers a two-story finished front area, a middle section featuring a loading dock and approximately 1100 square feet of heated shop space, and a cold storage area of around 1600 square feet in the back. The property includes an adjacent lot on the east side, providing ample parking. With a total size of 7052 square feet, this building has a history of various ventures, including restaurants and retail. The property is suited for flex space, industrial purposes, restaurants, retail, and warehouse use.
    Location Intelligence

    Current Use by Public Records

    What Not Shop Furniture & Home Goods

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

    Similar Places Nearby

    C J Delights & Catering

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Williams
    State
    North Dakota
    Longitude
    -103.6285089
    Latitude
    48.1453936

    Nearby Similar for Sale

    • $2,600,000
      29,184 SF

      Multifamily Complex with Development Potential

      32-unit complex with extra lot for future development.
      1511 4Th St West, Williston, ND 58801
      View Details
    • Contact for pricing
      Pending

      Functional Shop on Stabilized Acres

      High-quality shop with offices on 15 acres for sale.
      5083 146Th Ave NW, Williston, ND 58801
      View Details
    • Contact for pricing

      Williston ND Industrial Building

      16,800 SF building on 5.7 acres in Williston, ND.
      14072 Jackson St, Williston, ND 58801
      View Details
    • Contact for pricing

      Williston Shop & Office on Acreage

      24,325 SF shop and office on 19 acres for sale.
      5610 22Nd Ave W, Williston, ND 58801
      View Details
    • $700,000
      6,600 SF

      Williston Warehouse Investment

      6,600 SF Warehouse, 10 Acres, Leased
      13837 60Th St, Williston, ND 58801
      View Details
    • $249,000
      4,272 SF

      Main Street Retail Investment

      ND Retail Space: High-Income Potential
      120 Main St, Williston, ND 58801
      View Details
    • $18,500,000
      114,340 SF

      Williston Industrial Facility For Sale

      114,340 SF industrial facility with cranes and ample paving.
      805 48 Ave W, Williston, ND
      View Details
    • $6,550,000
      23,290 SF

      FedEx Distribution Center, Williston, ND

      High-yield, Net Lease FedEx investment
      8923 Oil Ave, Williston, ND 58801
      View Details
    • $6,850,000
      33,000 SF

      Williston Auto Shop - 10 Acres

      33,000 SF vacant auto shop; prime location.
      6611 2Nd Ave, Williston, ND 58801
      View Details
    • $420,000
      7,052 SF

      Williston Commercial Building - Huge Potential

      Historic building, versatile space, ample parking.
      324 2Nd St, Williston, ND 58801
      View Details
    • $4,800,000
      36,608 SF

      424 32Nd Ave

      Neighborhood centers • 36,608 SF
      424 32Nd Ave, Williston, ND 58801
      View Details
    • $2,250,000

      Williston Multifamily Investment Opportunity

      48-Unit Apartment Complex, High Demand
      2910-3002 17Th Ave, Williston, ND 58801
      View Details

    FAQs

    What type of property is this?
    Flex space - Versatile commercial building with loading dock and parking.
    Where is this flex space located?
    The property is located at 324 2Nd St W Williston, ND.
    What are key features of this property?
    This property features: - Historical building with potential for various ventures; - Includes adjacent lot for ample parking; - Two-story finished front area
    (701) 609-5302
    Request Owner's contact information
    324 2Nd St W Williston, ND 58801
    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.
    324 2Nd St W
    Williston, ND 58801
    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
    324 2Nd St W Williston, ND 58801
    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
    Jill Lee
    Real Estate License ID: 8602
    (701) 609-5302
    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!