Light Industrial Flex
For Sale
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3820 W 2nd Avenue, Williston, ND 58801
Three-building industrial property combining furnished offices, shop space, covered storage, and a fenced site.
Property Size8,634 SF
Lot Size1.48 Acres
Price / SF$1.16
Days on Market48
Property Features for 3820 W 2nd Avenue
General Information
Standard status
Active
Size
8,634 SF
Lot size
1.48 Acres
Zoning
Light Industrial
Amenities
furnished office space
conference room
kitchenette
restrooms
built-in vault
wood-lined storage bays
steel shelving
covered outdoor storage
Building Details
Buildings
3
Tenancy
Single
Listing Agency:
eXp Realty
(612) 751-9303
Listed By:
Lucas D Natwick · License #10666
(701) 580-0564
Source:
Hunterroll
Added: Sep 5
Changed: Oct 16
Last Checked: Oct 20 at 8:35PM
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 eXp Realty
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Investment Insights
Based on property information with market context.
This light industrial flex property includes three buildings on a 1.48-acre parcel zoned Light Industrial. Building 1 contains 3,014 SF with 1,128 SF of furnished office space and 1,886 SF of finished shop area. The office portion includes a foyer, open workstation area, conference room, private office, kitchenette, utility room, and three restrooms. A built-in vault provides secure storage within the shop area.
Building 2 adds 3,100 SF of dedicated shop space with a 62-foot-deep bay that can accommodate large trucks. Wood-lined storage bays, built-in racking, and perimeter steel shelving support organized equipment and parts storage. Building 3 is a 2,520 SF open-sided pole structure with a 12' x 14' door for covered vehicle or equipment storage. The property is secured by fencing and is located at 3820 W 2nd Avenue in Williston’s industrial corridor.
Building 2 adds 3,100 SF of dedicated shop space with a 62-foot-deep bay that can accommodate large trucks. Wood-lined storage bays, built-in racking, and perimeter steel shelving support organized equipment and parts storage. Building 3 is a 2,520 SF open-sided pole structure with a 12' x 14' door for covered vehicle or equipment storage. The property is secured by fencing and is located at 3820 W 2nd Avenue in Williston’s industrial corridor.
Key Highlights
- Three‑building complex totaling 8,634 SF on 1.48 acres
- Entire parcel zoned Light Industrial
- Building 1 includes 1,128 SF of furnished office space and 1,886 SF of finished shop area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,674
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,480
$1.0M
Cap Rate 7%
$738,200
$738.2K
Cap Rate 9%
$574,156
$574.2K
Market Conditions
NOI Build-Up for 8,634 SF
Gross rent
$77.7K $9.00/SF
− Vacancy
−$3.9K −$0.45/SF
EGI
$73.8K $8.55/SF
− OpEx
−$22.1K −$2.56/SF
NOI
$51.7K $5.98/SF
Area
Williams County, ND
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,033,480
Cap Rate 7%
$738,200
Cap Rate 9%
$574,156
Alternative Uses
Best Use
Office B
$1.39M
$1.21M – $1.62M
NOI $96,977 @ 7.0% cap · market cap 969.77%
Second Best
Flex RnD
$1.19M
$1.04M – $1.39M
NOI $83,340 @ 7.0% cap · market cap 833.40%
Theoretical Best
Office A
$1.90M
$1.67M – $2.22M
NOI $133,281 @ 7.0% cap · market cap 1,332.81%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
265
Businesses Nearby
Well-served
Demand for This Use
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Business Placement
Demographics for 58801, ND
34,921
Population
17,095
Households
2
Avg Household Size
31
Median Age
25%
College-Educated
91%
High-School Grad
716.1 sq mi
ZIP Area
49
Density / Sq Mi
$90,119
Median Household Income
$53,496
Median Earnings
$1,116
Median Rent
$279,800
Median Home Value
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Three-building industrial property combining furnished offices, shop space, covered storage, and a fenced site.
Where is this flex space located?
The property is located at 3820 W 2nd Avenue Williston, ND.
What are key features of this property?
This property features: Three‑building complex totaling 8,634 SF on 1.48 acres; Entire parcel zoned Light Industrial; Building 1 includes 1,128 SF of furnished office space and 1,886 SF of finished shop area
