Warehouse with Office and Overhead
217 Meridian Rd Mapleton, ND 58059
217 Meridian Rd, Mapleton, ND, 58059
Contact for pricing
For Sale
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10,800 SF warehouse includes multiple offices, kitchenette, sprinkler system, and a 10’x12’ overhead door.
Property Size10,800 SF
Price / SF$64.81
Days on Market120
Property Features for 217 Meridian Rd
General Information
- Standard status
- Active
- Size
- 10,800 SF
- Property subtype
- INDUSTRIAL
Properties For Sale
at 217 Meridian Rd Contact us
Listing agency
Property Resources Group
(701) 238-7370
Listed by
Justin Gustofson
(701) 238-7370
Source
Moodyscre
Added: Mar 24 Updated: Jul 20 at 9:16PM Checked: Jul 21 at 5:34AM
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 Property Resources Group
Investment Insights
Based on property information with market context.
A hard-to-find 10,800 SF warehouse offering a combination of warehouse space and built-out offices. The property includes multiple offices and a kitchenette, along with a sprinkler system and climate and comfort features for the office area, including split unit AC. Heating is supported by in-floor and hanging Reznor heat. Operational support systems include a dust extraction system and an air exchange setup.
The warehouse provides 11’ sidewalls, rising to 14’ in the center, supporting practical ceiling height for storage and workspace needs. A 10’x12’ overhead door (OHD) is included for access.
Additional interior height and systems are already in place, including the sprinkler system throughout and the listed mechanical components for dust control and air movement, making the space well-suited for tenants seeking an improved industrial environment with office functionality.
The warehouse provides 11’ sidewalls, rising to 14’ in the center, supporting practical ceiling height for storage and workspace needs. A 10’x12’ overhead door (OHD) is included for access.
Additional interior height and systems are already in place, including the sprinkler system throughout and the listed mechanical components for dust control and air movement, making the space well-suited for tenants seeking an improved industrial environment with office functionality.
Key Highlights
- 10,800 SF warehouse (90’ x 120’) with multiple offices and kitchenette
- Sprinkler system throughout the warehouse
- Heating includes in‑floor and hanging Reznor heat units
Local Financial Insights For Industrial
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 | $97.2k | $9.00 |
| − Vacancy | −$6.8k | −$0.63 |
| EGI | $90.4k | $8.37 |
| − OpEx | −$27.1k | −$2.51 |
| NOI | $63.3k | $5.86 |
10,800 SF · lease $9.00/SF/yr · vacancy 7.00% · expense 30.00%
Alternative Uses
Best Use
Flex RnD
$1.33M
$1.16M – $1.55M
NOI $93,001 @ 7.0% cap · market cap 13.29%
Second Best
Warehouse
$1.10M
$960.5K – $1.28M
NOI $76,837 @ 7.0% cap · market cap 10.98%
Theoretical Best
Specialty Retail
$2.00M
$1.75M – $2.33M
NOI $139,676 @ 7.0% cap · market cap 19.95%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Flex space
Similar Off Market Nearby
- Mapleton Mini Storage — 320 1st Ave SE, Mapleton, ND 58059
- UStore Lock and Leave Mapleton — 320 1st Ave SE, Mapleton, ND 58059
FAQs
What type of property is this?
Warehouse - 10,800 SF warehouse includes multiple offices, kitchenette, sprinkler system, and a 10’x12’ overhead door.
Where is this warehouse located?
The property is located at 217 Meridian Rd Mapleton, ND.
What is the asking price?
The asking price for this property is $700,000.
What are key features of this property?
This property features: 10,800 SF warehouse (90’ x 120’) with multiple offices and kitchenette; Sprinkler system throughout the warehouse; Heating includes in‑floor and hanging Reznor heat units
