Office
For Sale
Contact for pricing
4500 36th Ave S, Grand Forks, ND 58201
Office space with easy access to 32nd Ave and I-29, suited for a range of business and storage uses.
Property Size2,484 SF
Price / SF$188.81
Days on Market863
Property Features for 4500 36th Ave S
General Information
Standard status
Active
Size
2,484 SF
Property subtype
OFFICE
Site & Location
Highway Access
Yes
Road Access
Yes
Listing Agency:
Dakota Commercial - Corporate
(701) 739-3560
Listed By:
Chelsie Kuhn · License #9179
(701) 739-3560
Source:
Moodyscre
Added: Mar 21, 2024
Changed: Jul 31
Last Checked: Jul 31 at 12:26AM
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 Dakota Commercial - Corporate
Investment Insights
Based on property information with market context.
This office building offers a contemporary workspace with sleek design elements and modern amenities, providing a flexible option for business use. The property includes 2,484 square feet of space suited to operations that may also involve storage or related uses.
Located at 4500 36th Ave S in South Grand Forks, the site is positioned for convenient access to major roads, including 32nd Ave and I-29. That roadway connectivity can support daily operations and customer or contractor access.
Whether you’re looking to establish or relocate a business in the Grand Forks area, this property’s combination of office space and practical adaptability is intended to fit a variety of smaller-scale needs.
Located at 4500 36th Ave S in South Grand Forks, the site is positioned for convenient access to major roads, including 32nd Ave and I-29. That roadway connectivity can support daily operations and customer or contractor access.
Whether you’re looking to establish or relocate a business in the Grand Forks area, this property’s combination of office space and practical adaptability is intended to fit a variety of smaller-scale needs.
Key Highlights
- 2,484 square feet of office space
- Contemporary design with modern amenities
- Easy access to 32nd Ave and I‑29
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 | $37.3k | $15.00 |
| − Vacancy | −$4.5k | −$1.80 |
| EGI | $32.8k | $13.20 |
| − OpEx | −$8.2k | −$3.30 |
| NOI | $24.6k | $9.90 |
2,484 SF · lease $15.00/SF/yr · vacancy 12.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$351.3K
$307.4K – $409.9K
NOI $24,592 @ 7.0% cap · market cap 5.24%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$459.9K
$402.4K – $536.6K
NOI $32,193 @ 7.0% cap · market cap 6.86%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
326
Businesses Nearby
Explore this area
Business Placement
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 Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Office space with easy access to 32nd Ave and I-29, suited for a range of business and storage uses.
Where is this office building located?
The property is located at 4500 36th Ave S Grand Forks, ND.
What is the asking price?
The asking price for this property is $469,000.
What are key features of this property?
This property features: 2,484 square feet of office space; Contemporary design with modern amenities; Easy access to 32nd Ave and I‑29
