Retail/Hospitality Space Available For
For Sale
Contact for pricing
2145 N Broadway, Minot, ND 58703
4,049 SF retail/hospitality space available for purchase.
Property Size4,049 SF
Price / SF$113.61
Days on Market2453
Property Features for 2145 N Broadway
General Information
Standard status
Active
Size
4,049 SF
Property subtype
Hospitality, Retail
Zoning
C2—General Commercial
Building Details
Year Built
1975
Buildings
1
Stories
1
Listing Agency:
Aspen Group LLP
Listed By:
Michael Ilse · License #ND 8214
(701) 223-2450
Source:
Crexi
Added: Jan 18, 2020
Changed: Oct 4
Last Checked: Oct 5 at 6:57PM
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 LLP
Investment Insights
Based on property information with market context.
A 4,049 square foot space is available for sale. The property is suitable for retail or hospitality purposes.
Key Highlights
- Space Available for Sale
- Year Built: 1975
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$33,297
Cap Rate
7.24%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,940
$665.9K
Cap Rate 7%
$475,671
$475.7K
Cap Rate 9%
$369,967
$370.0K
Market Conditions
NOI Build-Up for 4,049 SF
Gross rent
$48.6K $12.00/SF
− Vacancy
−$1.0K −$0.25/SF
EGI
$47.6K $11.75/SF
− OpEx
−$14.3K −$3.52/SF
NOI
$33.3K $8.22/SF
Area
Ward County, ND
Vacancy
2.10%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$665,940
Cap Rate 7%
$475,671
Cap Rate 9%
$369,967
Alternative Uses
Best Use
Retail
$475.7K
$416.2K – $555.0K
NOI $33,297 @ 7.0% cap · market cap 7.24%
Second Best
Hotel Hospitality
$210.2K
$183.9K – $245.2K
NOI $14,713 @ 7.0% cap · market cap 3.20%
Theoretical Best
Office A
$543.6K
$475.7K – $634.2K
NOI $38,054 @ 7.0% cap · market cap 8.27%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
240
Businesses Nearby
Explore this area
Business Placement
Demographics for 58703, ND
23,341
Population
10,643
Households
2.2
Avg Household Size
31
Median Age
34%
College-Educated
95%
High-School Grad
156.2 sq mi
ZIP Area
149
Density / Sq Mi
$82,926
Median Household Income
$48,355
Median Earnings
$1,030
Median Rent
$254,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail property - 4,049 SF retail/hospitality space available for purchase.
Where is this retail property located?
The property is located at 2145 N Broadway Minot, ND.
What is the asking price?
The asking price for this property is $460,000.
What are key features of this property?
This property features: Space Available for Sale; Year Built: 1975
