Building Details

Year Built 2013

Listing Agency: Proven Realty, Llc Brokered By Exp Realty Show Phone

Listed By: Erik C. Peterson · License #9328 Show Phone

Source: Search.provenrealtynd

Added: Aug 15 Changed: Oct 11 Last Checked: Oct 14 at 8:01PM

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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 Proven Realty, Llc Brokered By Exp Realty

Investment Insights

Based on property information with market context.

This 7,630 SF flex property, built in 2014, includes a 6,000 sq ft shop and 1,630 sq ft of finished office space. The industrial layout has two bays, including one drive-in bay and one drive-through bay, along with 20' side walls, a 6'' R' concrete floor, spray foam insulation, radiant overhead heat, and mezzanine storage.

Set on approximately +/- 8.67 acres at 13318 29th P Street NW in Arnegard, ND, the property includes truck plug-ins, a private well, private septic, and an updated large diesel tank fueling system. The combination of shop, office, storage, and vehicle-access features supports industrial, warehouse, and distribution functions.

Key Highlights

• 7,630 SF flex property built in 2014
• 6,000 sq ft shop with 1,630 sq ft of office space
• Two bays: one drive‑in and one drive‑through

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$37,791

Cap Rate

4.32%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$755,820 $755.8K

Cap Rate 7%

$539,871 $539.9K

Cap Rate 9%

$419,900 $419.9K

Market Conditions

NOI Build-Up for 7,630 SF

Gross rent

$91.6K $12.00/SF

− Vacancy

−$33.4K −$4.38/SF

EGI

$58.1K $7.62/SF

− OpEx

−$20.3K −$2.67/SF

NOI

$37.8K $4.95/SF

Area

McKenzie County, ND

Vacancy

36.50%

Lease Rate

$12.00 /SF/Yr

Expense Ratio

35.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$755,820

Cap Rate 7%

$539,871

Cap Rate 9%

$419,900

Alternative Uses

Best Use

Flex RnD

$539.9K

$472.4K – $629.9K (±1% cap)

NOI $37,791 @ 7.0% cap · market cap 4.32%

Second Best

Warehouse

$508.9K

$445.3K – $593.8K (±1% cap)

NOI $35,625 @ 7.0% cap · market cap 4.07%

Theoretical Best

Office A

$1.81M

$1.59M – $2.12M (±1% cap)

NOI $127,012 @ 7.0% cap · market cap 14.52%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Flex space

Suggested Use

Top Pick Auto Parts Store Auto Repair Shop Coworking & Hybrid Office

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 58835, ND

1,050

Population

556

Households

1.9

Avg Household Size

29

Median Age

38%

College-Educated

97%

High-School Grad

241.0 sq mi

ZIP Area

4

Density / Sq Mi

$134,595

Median Household Income

$71,604

Median Earnings

$423,600

Median Home Value

Market

Vacancy Rate% for Industrial in Midwest region

4.4% 2019

4.9% 2020

3.6% 2021

3.1% 2022

4.6% 2023

5% 2024

4.9% 2025

Questions? Ask Rey

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What type of property is this? Where is this flex space located? What is the asking price? Find similar properties What are key features of this property?

Frequently Asked Questions

What type of property is this?

Flex space - Industrial property combines shop space, offices, and warehouse-oriented features for flexible operations.

Where is this flex space located?

The property is located at 13318 29th P Street NW Arnegard ND 58835 Arnegard, ND.

What is the asking price?

The asking price for this property is $875,000.

What are key features of this property?

This property features: 7,630 SF flex property built in 2014; 6,000 sq ft shop with 1,630 sq ft of office space; Two bays: one drive‑in and one drive‑through