Minot Mixed-Use Investment
For Sale
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2001 8th Ave SE, Minot, ND 58701
Fully occupied mixed-use property with long-term tenants in Minot.
Property Size10,987 SF
Price / SF$65.99
Days on Market141
Property Features for 2001 8th Ave SE
General Information
Standard status
Active
Size
10,987 SF
Total Parking Spaces
30
Property subtype
Mixed Use, Office, Retail
Zoning
C2
Building Details
Units
11
Listing Agency:
Better Homes and Gardens Real Estate Watne Group
Listed By:
Becky Bertsch · License #9176
Source:
Crexi
Added: Mar 24
Changed: Aug 8
Last Checked: Aug 7 at 8:34AM
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 Better Homes and Gardens Real Estate Watne Group
Investment Insights
Based on property information with market context.
This mixed-use property presents an investment opportunity with long-term tenants and full occupancy. Located in southeast Minot, the property features ample parking. The property includes 11 units generating cash flow. There are 6 bathrooms throughout the building; 4 are within specific units and 2 are shared in the hallway. Updates to the property include exterior and interior walls and flooring, newer plumbing, electrical wiring, and the addition of high-speed internet. Newer water heaters and furnaces have been installed. The east side of the property has an updated rubber membrane roof. A 600 square foot basement is located under the house portion of the property. The property size is 10987 square feet.
Key Highlights
- Great SE Minot Location
- 8.6% Cap Rate
- 100% Occupied with Long‑Term Tenants
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
$63,059
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
8.70%
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%
$1,261,180
$1.3M
Cap Rate 7%
$900,843
$900.8K
Cap Rate 9%
$700,656
$700.7K
Market Conditions
NOI Build-Up for 10,987 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
$109.4K $9.96/SF
− Vacancy
−$8.5K −$0.78/SF
EGI
$100.9K $9.18/SF
− OpEx
−$37.8K −$3.44/SF
NOI
$63.1K $5.74/SF
Area
Ward County, ND
Vacancy
7.80%
Lease Rate
$9.96 /SF/Yr
Expense Ratio
37.50%
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%
$1,261,180
Cap Rate 7%
$900,843
Cap Rate 9%
$700,656
Alternative Uses
Best Use
Retail
$1.29M
$1.13M – $1.51M
NOI $90,353 @ 7.0% cap · market cap 12.46%
Second Best
Office B
$1.27M
$1.11M – $1.48M
NOI $88,607 @ 7.0% cap · market cap 12.22%
Theoretical Best
Office A
$1.48M
$1.29M – $1.72M
NOI $103,260 @ 7.0% cap · market cap 14.24%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,780
Businesses Nearby
Explore this area
Business Placement
Demographics for 58701, ND
32,517
Population
16,267
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
95%
High-School Grad
235.6 sq mi
ZIP Area
138
Density / Sq Mi
$75,329
Median Household Income
$46,695
Median Earnings
$875
Median Rent
$270,200
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?
Mixed-use property - Fully occupied mixed-use property with long-term tenants in Minot.
Where is this mixed-use property located?
The property is located at 2001 8th Ave SE Minot, ND.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Great SE Minot Location; 8.6% Cap Rate; 100% Occupied with Long‑Term Tenants
