Flex Building with Jib
4248 1st St Sw, Dickinson, ND 58601
For Sale
$1,200,000
Multiuse commercial building with overhead access, workspace amenities, and an office component.
Property Size15,000 SF
Price / SF$80
Days on Market77
Property Features for 4248 1st St Sw
General Information
Standard status
Size
Taxes and HOA fees
Annual Taxes
Amenities
break room
wash bay
Building Details
Buildings
Building Size
Construction
Listing Agency:
The Real Estate Company
Listed By:
Tracey Hoff · License ND #6012
(701) 483-0111
Source:
Exprealty
Added: Aug 27
Changed: Oct 25
Last Checked: Nov 10 at 2:02PM
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 The Real Estate Company
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Investment Insights
Based on property information with market context.
This 15,000-square-foot steel-frame flex building includes four 12-foot by 16-foot overhead doors, a 5-ton jib crane, and a dedicated wash bay. The layout also provides an office area, break room, and three bathrooms, supporting a range of commercial and industrial operations.
The property is west of Dickinson, North Dakota, near a truck bypass. Its combination of large-bay access, lifting equipment, wash facilities, and support areas creates a practical setup for users needing both functional work space and administrative amenities.
The property is west of Dickinson, North Dakota, near a truck bypass. Its combination of large-bay access, lifting equipment, wash facilities, and support areas creates a practical setup for users needing both functional work space and administrative amenities.
Key Highlights
- 15,000‑square‑foot steel‑frame building
- Four 12‑foot by 16‑foot overhead doors
- 5‑ton jib crane
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$107,865
Cap Rate
8.99%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,157,300
$2.2M
Cap Rate 7%
$1,540,929
$1.5M
Cap Rate 9%
$1,198,500
$1.2M
Market Conditions
NOI Build-Up for 15,000 SF
Gross rent
$135.0K $9.00/SF
− Vacancy
−$8.1K −$0.54/SF
EGI
$126.9K $8.46/SF
− OpEx
−$19.0K −$1.27/SF
NOI
$107.9K $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%
$2,157,300
Cap Rate 7%
$1,540,929
Cap Rate 9%
$1,198,500
Alternative Uses
Best Use
Flex RnD
$2.26M
$1.97M – $2.63M
NOI $157,950 @ 7.0% cap · market cap 13.16%
Second Best
Warehouse
$1.54M
$1.35M – $1.80M
NOI $107,865 @ 7.0% cap · market cap 8.99%
Theoretical Best
Multifamily LT 5
$11.90M
$10.41M – $13.88M
NOI $832,758 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
56
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Multiuse commercial building with overhead access, workspace amenities, and an office component.
Where is this flex space located?
The property is located at 4248 1st St Sw Dickinson, ND.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: 15,000‑square‑foot steel‑frame building; Four 12‑foot by 16‑foot overhead doors; 5‑ton jib crane
