Open-Format Retail
401 40th, Minot, ND 58701
For Sale
Contact for pricing
Flexible commercial suite with private office, ADA-compliant restroom, and shared shopping-center parking.
Property Size1,250 SF
Price / SF$1.50
Days on Market98
Property Features for 401 40th
General Information
Standard status
Size
Property subtype
Amenities
Garage: Parking Lot
Style: See Remarks
0.00
See Remarks
Parking Lot
Building Details
Year Built
Listing Agency:
eXp Realty
Listed By:
Lucas D Natwick · License ND #10666
(701) 580-0564
Source:
Clearwaterproperties
Added: Aug 8
Changed: Nov 12
Last Checked: Nov 12 at 4:13AM
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
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 1,250-square-foot retail suite is configured with an open floor plan, a private office, and an ADA-compliant restroom. Interior improvements include a suspended drop ceiling and a combination of concrete and carpet tile flooring. The property was built in 2006.
The suite is part of Minot’s Walmart Shadow Center and fronts 40th Ave SW. The shopping center includes Modern Nails & Spa and Sally Beauty, along with a shared parking lot serving the property. Its position within a Walmart Supercenter-anchored center provides an established retail setting for commercial occupancy.
The suite is part of Minot’s Walmart Shadow Center and fronts 40th Ave SW. The shopping center includes Modern Nails & Spa and Sally Beauty, along with a shared parking lot serving the property. Its position within a Walmart Supercenter-anchored center provides an established retail setting for commercial occupancy.
Key Highlights
- 1,250 SF retail suite in Minot’s Walmart Shadow Center
- Open‑format layout with private office area
- ADA‑compliant restroom and suspended drop ceiling
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$10,280
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,600
$205.6K
Cap Rate 7%
$146,857
$146.9K
Cap Rate 9%
$114,222
$114.2K
Market Conditions
NOI Build-Up for 1,250 SF
Gross rent
$15.0K $12.00/SF
− Vacancy
−$315 −$0.25/SF
EGI
$14.7K $11.75/SF
− OpEx
−$4.4K −$3.52/SF
NOI
$10.3K $8.22/SF
Area
Ward County, ND
Vacancy
2.10%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$205,600
Cap Rate 7%
$146,857
Cap Rate 9%
$114,222
Alternative Uses
Best Use
Retail
$146.9K
$128.5K – $171.3K
NOI $10,280 @ 7.0% cap
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$167.8K
$146.9K – $195.8K
NOI $11,748 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
113
Businesses Nearby
Explore this area
Business Placement
Demographics for 58701, ND
32,517
Population
16,267
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
95%
High-School Grad
235.6 sq mi
ZIP Area
138
Density / Sq Mi
$75,329
Median Household Income
$46,695
Median Earnings
$875
Median Rent
$270,200
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
Frequently Asked Questions
What type of property is this?
Retail space - Flexible commercial suite with private office, ADA-compliant restroom, and shared shopping-center parking.
Where is this retail space located?
The property is located at 401 40th Minot, ND.
What are key features of this property?
This property features: 1,250 SF retail suite in Minot’s Walmart Shadow Center; Open‑format layout with private office area; ADA‑compliant restroom and suspended drop ceiling
