Flex Building with Cold
For Sale
$195,900
3192 111e Ave Sw, Dickinson, ND 58601
A commercial-zoned property combines insulated, heated space with a separate unheated storage area.
Property Size2,048 SF
Price / SF$95.65
Days on Market8
Property Features for 3192 111e Ave Sw
General Information
Standard status
Active
Size
2,048 SF
Additional Details
Cold Storage
Yes
Taxes and HOA fees
Annual Taxes
$419
Building Details
Buildings
1
Building Size
2,048 SF
Listing Agency:
Nest Real Estate
(701) 483-5297
Listed By:
Anthony Kleinwaechter · License #7083
(701) 260-0240
Source:
Exprealty
Added: Sep 28
Changed: Oct 1
Last Checked: Oct 4 at 6:52PM
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 Nest Real Estate
Investment Insights
Based on property information with market context.
This flex property contains 2,048 square feet, with one portion heated and insulated and another configured for cold storage. The building sits on just under an acre of land and carries commercial zoning.
Key Highlights
- 2,048‑square‑foot flex building
- Just under an acre of land
- Heated and insulated space alongside cold storage
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,727
Cap Rate
7.52%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$294,540
$294.5K
Cap Rate 7%
$210,386
$210.4K
Cap Rate 9%
$163,633
$163.6K
Market Conditions
NOI Build-Up for 2,048 SF
Gross rent
$18.4K $9.00/SF
− Vacancy
−$1.1K −$0.54/SF
EGI
$17.3K $8.46/SF
− OpEx
−$2.6K −$1.27/SF
NOI
$14.7K $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 Rate 5%
$294,540
Cap Rate 7%
$210,386
Cap Rate 9%
$163,633
Alternative Uses
Best Use
Flex RnD
$308.1K
$269.6K – $359.4K
NOI $21,565 @ 7.0% cap · market cap 11.01%
Second Best
Warehouse
$210.4K
$184.1K – $245.5K
NOI $14,727 @ 7.0% cap · market cap 7.52%
Theoretical Best
Multifamily LT 5
$1.62M
$1.42M – $1.89M
NOI $113,699 @ 7.0% cap · market cap 58.04%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
65
Businesses Nearby
Well-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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
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Frequently Asked Questions
What type of property is this?
Flex space - A commercial-zoned property combines insulated, heated space with a separate unheated storage area.
Where is this flex space located?
The property is located at 3192 111e Ave Sw Dickinson, ND.
What is the asking price?
The asking price for this property is $195,900.
What are key features of this property?
This property features: 2,048‑square‑foot flex building; Just under an acre of land; Heated and insulated space alongside cold storage
