Retail Storefront For
For Sale
$280,000
14 1st Street W Dickinson ND 58601, Dickinson, ND 58601
Retail storefront property offered for sale at 14 1st Street W in Dickinson, ND.
Property Size1,522 SF
Price / SF$183.97
Days on Market40
Property Features for 14 1st Street W Dickinson ND 58601
General Information
Standard status
Active
Size
1,522 SF
Building Details
Year Built
1930
Listing Agency:
The Real Estate Company
(701) 290-8512
Listed By:
Kyle Kuntz · License #9371
(701) 290-8512
Source:
Search.provenrealtynd
Added: Jul 14
Changed: Aug 17
Last Checked: Aug 22 at 3:44AM
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 The Real Estate Company
Investment Insights
Based on property information with market context.
Offered for sale, this retail storefront property is listed at $280,000. The space totals 1,522 square feet and is positioned as a commercial retail option within a storefront format.
The property is located at 14 1st Street W in Dickinson, North Dakota (58601).
The property is located at 14 1st Street W in Dickinson, North Dakota (58601).
Key Highlights
- Retail storefront property for sale at 14 1st Street W in Dickinson, ND
- Built in 1930
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$14,383
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.14%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$287,660
$287.7K
Cap Rate 7%
$205,471
$205.5K
Cap Rate 9%
$159,811
$159.8K
Market Conditions
NOI Build-Up for 1,522 SF
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.
Gross rent
$22.8K $15.00/SF
− Vacancy
−$2.3K −$1.50/SF
EGI
$20.5K $13.50/SF
− OpEx
−$6.2K −$4.05/SF
NOI
$14.4K $9.45/SF
Area
Stark County, ND
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$287,660
Cap Rate 7%
$205,471
Cap Rate 9%
$159,811
Alternative Uses
Best Use
Retail
$205.5K
$179.8K – $239.7K
NOI $14,383 @ 7.0% cap · market cap 5.14%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.21M
$1.06M – $1.41M
NOI $84,497 @ 7.0% cap · market cap 30.18%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
905
Businesses Nearby
37k
Monthly Visits Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 61%
Groceries 22%
Dining 17%
Family Fare
Groceries
8,353 visits/mo
0.2 miles
Hardee's
Dining
6,238 visits/mo
0.2 miles
Dollar Tree
Shops & Services
5,735 visits/mo
0.5 miles
Mobil
Shops & Services
5,127 visits/mo
0.3 miles
Gate City Bank
Shops & Services
4,993 visits/mo
0.1 miles
Demographics for 58601, ND
29,697
Population
13,619
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
570.6 sq mi
ZIP Area
52
Density / Sq Mi
$81,008
Median Household Income
$49,085
Median Earnings
$968
Median Rent
$269,200
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?
Storefront property - Retail storefront property offered for sale at 14 1st Street W in Dickinson, ND.
Where is this storefront property located?
The property is located at 14 1st Street W Dickinson ND 58601 Dickinson, ND.
What is the asking price?
The asking price for this property is $280,000.
What are key features of this property?
This property features: Retail storefront property for sale at 14 1st Street W in Dickinson, ND; Built in 1930
