2145 N Broadway, Minot, ND
4,049 SF restaurant space with high traffic visibility.
- Added:
- Feb 3, 2023
- Days on Market:
- 1230
- Last Refresh:
- May 20 at 9:01 pm
Property Features for 2145 N Broadway
General Information
- Standard status
- Active
- Size
- 4,049 SF
- Lot size
- 0.35 Acres
- Property subtype
- RETAIL
Listing agent Michael Ilse License #8214 (701) 400-7808
Listing office Aspen Group (701) 400-7808
Listing date Feb 3, 2023
Source Moodyscre
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 Aspen Group
HighLights
- Excellent visibility on Minot’s North Hill, near the Minot International Airport
- High Traffic Counts
- Features a Walk‑in Cooler and Freezer
- 4,049 SF of space
- Parking Ratio: 11.61 / 1,000 SF
- Adjacent to the Select Inn, near Hardee’s, Pizza Hut, Qdoba, Tim Hortons, El Azteca
Overview
Local Financial Insights For Retail
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 | $48.6k | $12.00 |
| − Vacancy | −$1.0k | −$0.25 |
| EGI | $47.6k | $11.75 |
| − OpEx | −$14.3k | −$3.52 |
| NOI | $33.3k | $8.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minot
- County
- Ward
- State
- North Dakota
- Longitude
- -101.297
- Latitude
- 48.2592
