Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Enclosed Shopping Mall Retail Space Title is generated by Realmo AI

    2400 10th St, Minot, ND 58701

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Retail space in a regional enclosed shopping mall.

    Type:Retail
    Added:
    Jul 21, 2021
    Days on Market:
    1781
    Last Refresh:
    May 12 at 10:49 pm

    Property Features for 2400 10th St

    General Information

    Standard status
    Active
    Property subtype
    Retail

    Building Details

    Year Built
    1980

    Spaces For Lease

    at 2400 10th St Contact us

    We can help!

    Listing Contact
    Justice Wade

    Listing agent Justice Wade License #TN

    Listing office CBL Properties

    Listing date Jul 21, 2021

    Source Crexi

    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 CBL Properties

    HighLights

    • Only enclosed shopping mall within a large radius.
    • Scheels is expanding their store at the property and set to open in 2022.
    • Enclosed shopping mall.
    • Established property (Year Built: 1980).
    • Location provides a regional draw.

    Overview

    Dakota Square is an enclosed shopping mall. It is the only enclosed shopping mall for 200 miles to the east, 120 miles to the south, and over 300 miles to the west. Scheels announced an expansion of their store at the property, which was set to open in 2022.
    Property Profile Location Intelligence

    Current Use by Public Records

    Buckle Clothing Store Chico's Clothing & Fashion Store Ross Dress for Less Clothing Store Glik's Clothing Store Zumiez (Bike/Boat/Book/etc) Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • North Dakota MV Express Kiosk — 3208 16th St SW, Minot, ND 58701
    • Coinstar Kiosk | Bitcoin ATM — 3208 16th St SW Coborn's, Minot, ND 58701

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.3106928
    Latitude
    48.2059204

    Nearby Similar for Lease

    • $17 SF/Yr
      12,000 SF

      Prime Retail Space in Minot

      Retail space in the heart of Minot with high visibility.
      1015 S Broadway, Minot, ND
      View Details
    • Contact for pricing
      159,780 SF

      Retail Space Near Dakota Square

      Retail space anchored by Cash Wise near Dakota Square Mall.
      3208-3220 16th St SW, Minot, ND 58701
      View Details
    • $49 SF/Yr

      Four Office Suites For Lease

      Four individual office suites available for lease in Minot.
      700 Western Ave SW, Minot, ND 58701
      View Details
    • Contact for pricing
      1,898 SF

      New Office Space in Minot

      Professionally designed office space in Town & Country Center.
      1015 South Broadway Unit 52, Minot, ND 58701
      View Details
    • Contact for pricing
      34,456 SF

      Retail Space Near Dakota Square

      Retail space adjacent to Dakota Square Mall and Cash Wise.
      3200-3320 16th St SW, Minot, ND
      View Details
    • $11 SF/Yr
      12,000 SF

      Minot Flex Space For Lease

      Air-conditioned flex space available for lease in Minot, ND.
      111 45th Ave NE, Minot, ND 58703
      View Details
    • $12 SF/Yr

      Turn-Key Office Space Available

      Two-story office building with build-to-suit warehouse option.
      520 64th St SE, Minot, ND 58701
      View Details
    • Contact for pricing
      30,000 SF

      Warehouse and Office Space Available

      Build-to-suit warehouse and existing office space for lease.
      520 64th St SE, Minot, ND 58701
      View Details
    • Contact for pricing

      Office Space Near Dakota Square

      Office property for rent near Dakota Square Mall.
      1408 20th Ave SW, Minot, ND 58701
      View Details
    • Contact for pricing

      Minot Office Suites For Rent

      First floor office suites in Midtown Plaza, Minot, ND.
      212/216 S Broadway, Minot, ND, Minot, ND 58701
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail space in a regional enclosed shopping mall.
    Where is this shopping center located?
    The property is located at 2400 10th St Minot, ND.
    What are key features of this property?
    This property features: Only enclosed shopping mall within a large radius.; Scheels is expanding their store at the property and set to open in 2022.; Enclosed shopping mall.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Justice Wade
    Real Estate License ID: TN
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    2400 10th St, Minot, ND 58701
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!