Flex Space with Storage
For Sale
$925,000
2536 132nd J, Arnegard, ND 58835
Shop property combines conditioned office or living space with multiple enclosed storage structures.
Property Size6,300 SF
Lot Size2.50 Acres
Price / SF$146.83
Days on Market57
Property Features for 2536 132nd J
General Information
Standard status
Active
Size
6,300 SF
Lot size
2.50 Acres
Property subtype
Commercial
Additional Details
Outdoor Storage
Yes
Taxes and HOA fees
Annual Taxes
$3,815
Amenities
6300.00
Building Details
Year Built
2019
Listing Agency:
Realty One Group Caliber
Listed By:
Samantha Vigness
(701) 223-3030
Source:
Clearwaterproperties
Added: Aug 22
Changed: Oct 16
Last Checked: Oct 16 at 7:30AM
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 Realty One Group Caliber
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Investment Insights
Based on property information with market context.
Built in 2019, this flex property includes a 6,300-square-foot main shop on 2.5 acres. The office and/or living area is heated and air conditioned, while the shop is equipped with a used oil heater. A Quonset building and four Conex storage containers add enclosed space for equipment, vehicles, tools, or inventory.
The site at 2536 132nd J in Arnegard, ND, is served by rural water and includes an existing septic system. The acreage also provides room for outdoor storage and equipment parking. The combination of shop space, conditioned office or living accommodations, auxiliary buildings, and storage containers supports a range of practical flex-space needs.
The site at 2536 132nd J in Arnegard, ND, is served by rural water and includes an existing septic system. The acreage also provides room for outdoor storage and equipment parking. The combination of shop space, conditioned office or living accommodations, auxiliary buildings, and storage containers supports a range of practical flex-space needs.
Key Highlights
- 6,300‑square‑foot main shop on 2.5 acres
- Heated and air conditioned office and/or living quarters
- Quonset building plus four Conex storage containers
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$31,204
Cap Rate
3.37%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,080
$624.1K
Cap Rate 7%
$445,771
$445.8K
Cap Rate 9%
$346,711
$346.7K
Market Conditions
NOI Build-Up for 6,300 SF
Gross rent
$75.6K $12.00/SF
− Vacancy
−$27.6K −$4.38/SF
EGI
$48.0K $7.62/SF
− OpEx
−$16.8K −$2.67/SF
NOI
$31.2K $4.95/SF
Area
McKenzie County, ND
Vacancy
36.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$624,080
Cap Rate 7%
$445,771
Cap Rate 9%
$346,711
Alternative Uses
Best Use
Flex RnD
$445.8K
$390.1K – $520.1K
NOI $31,204 @ 7.0% cap · market cap 3.37%
Second Best
Warehouse
$420.2K
$367.7K – $490.3K
NOI $29,415 @ 7.0% cap · market cap 3.18%
Theoretical Best
Office A
$1.50M
$1.31M – $1.75M
NOI $104,872 @ 7.0% cap · market cap 11.34%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
1
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58835, ND
1,050
Population
556
Households
1.9
Avg Household Size
29
Median Age
38%
College-Educated
97%
High-School Grad
241.0 sq mi
ZIP Area
4
Density / Sq Mi
$134,595
Median Household Income
$71,604
Median Earnings
$423,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Shop property combines conditioned office or living space with multiple enclosed storage structures.
Where is this flex space located?
The property is located at 2536 132nd J Arnegard, ND.
What is the asking price?
The asking price for this property is $925,000.
What are key features of this property?
This property features: 6,300‑square‑foot main shop on 2.5 acres; Heated and air conditioned office and/or living quarters; Quonset building plus four Conex storage containers
