2520 20th Ave Unit N SE Minot, ND 58701
Versatile 1,800 SQFT shop condo with office loft.
Property Features for 2520 20th Ave Unit N SE
General Information
- Standard status
- Active
- Size
- 1,800 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2008
Listing office Brokers 12
Listing date May 21, 2026
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 Brokers 12
Investment Insights
Based on property information with market context.
Key Highlights
- Heated 30x60 (1,800 SQFT) shop condo, ideal for business or storage.
- Convenient location off the 2 & 52 bypass east of Schatz Crossroads.
- Finished 20x30 office loft with a 1/2 bath included.
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 | $14.0k | $7.80 |
| − Vacancy | −$1.1k | −$0.61 |
| EGI | $12.9k | $7.19 |
| − OpEx | −$3.9k | −$2.16 |
| NOI | $9.1k | $5.03 |
