For-Sale Warehouse
For Sale
$199,900
Pending
244 18th Avenue E Dickinson ND 58601, Dickinson, ND 58601
Small warehouse building for sale in Dickinson, ND, offering a straightforward footprint for storage and light commercial needs.
Property Size1,008 SF
Days on Market53
Property Features for 244 18th Avenue E Dickinson ND 58601
General Information
Standard status
Pending
Size
1,008 SF
Building Details
Year Built
2005
Listing Agency:
Continental Real Estate, Inc.
(701) 260-0699
Listed By:
Olivia (Liv) Wellenstein
(701) 260-0699
Source:
Search.provenrealtynd
Added: Jun 30
Changed: Aug 8
Last Checked: Jul 23 at 3:08AM
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 Continental Real Estate, Inc.
Investment Insights
Based on property information with market context.
This for-sale warehouse building provides a compact industrial footprint totaling 1,008 square feet. The property is described as a warehouse/other warehouse asset type, suited for users seeking a manageable space for storage or related operational needs. The offering is presented as a straightforward purchase, with the building size clearly defined for planning purposes.
The property is located at 244 18th Avenue E in Dickinson, North Dakota (58601). Prospective buyers and brokers can use the established address for mapping, driving directions, and coordination for showings.
Given the building’s relatively small size, this property may appeal to owner-operators and tenants looking for a dedicated warehouse space without the scale of larger distribution facilities. It can be a practical fit for companies that need a contained area for inventory, equipment, or other storage-oriented functions. For buyers, the defined warehouse configuration and sale structure support a clear next step in underwriting and due diligence based on the physical space provided.
The property is located at 244 18th Avenue E in Dickinson, North Dakota (58601). Prospective buyers and brokers can use the established address for mapping, driving directions, and coordination for showings.
Given the building’s relatively small size, this property may appeal to owner-operators and tenants looking for a dedicated warehouse space without the scale of larger distribution facilities. It can be a practical fit for companies that need a contained area for inventory, equipment, or other storage-oriented functions. For buyers, the defined warehouse configuration and sale structure support a clear next step in underwriting and due diligence based on the physical space provided.
Key Highlights
- Warehouse building built in 2005
- Small warehouse footprint suited for storage and light commercial needs
- For sale in Dickinson, ND
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
$7,249
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
3.63%
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%
$144,980
$145.0K
Cap Rate 7%
$103,557
$103.6K
Cap Rate 9%
$80,544
$80.5K
Market Conditions
NOI Build-Up for 1,008 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
$9.1K $9.00/SF
− Vacancy
−$544 −$0.54/SF
EGI
$8.5K $8.46/SF
− OpEx
−$1.3K −$1.27/SF
NOI
$7.2K $7.19/SF
Area
Stark County, ND
Vacancy
6.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
15.00%
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%
$144,980
Cap Rate 7%
$103,557
Cap Rate 9%
$80,544
Alternative Uses
Best Use
Warehouse
$103.6K
$90.6K – $120.8K
NOI $7,249 @ 7.0% cap · market cap 3.63%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$799.4K
$699.5K – $932.7K
NOI $55,961 @ 7.0% cap · market cap 27.99%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
431
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58601, ND
29,697
Population
13,619
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
570.6 sq mi
ZIP Area
52
Density / Sq Mi
$81,008
Median Household Income
$49,085
Median Earnings
$968
Median Rent
$269,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Warehouse - Small warehouse building for sale in Dickinson, ND, offering a straightforward footprint for storage and light commercial needs.
Where is this warehouse located?
The property is located at 244 18th Avenue E Dickinson ND 58601 Dickinson, ND.
What is the asking price?
The asking price for this property is $199,900.
What are key features of this property?
This property features: Warehouse building built in 2005; Small warehouse footprint suited for storage and light commercial needs; For sale in Dickinson, ND
