New Commercial Building For
For Sale
$2,900,000
4252 16th Avenue North Grand, Grand Forks, ND 58203
Built in 2022, located off Interstate 29 and Highway 2.
Property Size11,150 SF
Lot Size1.43 Acres
Days on Market390
Property Features for 4252 16th Avenue North Grand
General Information
Standard status
Active
Size
11,150 SF
Lot size
1.43 Acres
Property subtype
Industrial
Building Details
Building Size
11,150 SF
Year Built
2022
Listing Agency:
RE/MAX
Listed By:
Kimberly Efta · License #7201
(218) 250-3611
Source:
Remaxcommercial
Added: Sep 25, 2025
Changed: Oct 8
Last Checked: Oct 16 at 5:38AM
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 RE/MAX
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Constructed in 2022, this commercial building is located off Gateway Drive (Highway 2) and Interstate 29 in Grand Forks. The facility includes three 14' x 14' overhead doors, a loading bay, a concrete pad, and asphalt parking. The interior features a mezzanine level, office spaces, a 3/4 bath, laundry hook ups, a breakroom, and two toilet rooms. The property is located in North Grand Forks.
Key Highlights
- Built in 2022: Enjoy modern construction.
- Prime Location: Excellent accessibility off Gateway Drive (Highway 2) and Interstate 29.
- Three 14' x 14' Overhead Doors and Loading Bay: Facilitates efficient loading and unloading.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$96,015
Cap Rate
3.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,300
$1.9M
Cap Rate 7%
$1,371,643
$1.4M
Cap Rate 9%
$1,066,833
$1.1M
Market Conditions
NOI Build-Up for 11,150 SF
Gross rent
$160.6K $14.40/SF
− Vacancy
−$12.8K −$1.15/SF
EGI
$147.7K $13.25/SF
− OpEx
−$51.7K −$4.64/SF
NOI
$96.0K $8.61/SF
Area
Grand Forks County, ND
Vacancy
8.00%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,920,300
Cap Rate 7%
$1,371,643
Cap Rate 9%
$1,066,833
Alternative Uses
Best Use
Flex RnD
$1.37M
$1.20M – $1.60M
NOI $96,015 @ 7.0% cap · market cap 3.31%
Second Best
Warehouse
$1.10M
$964.2K – $1.29M
NOI $77,136 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$2.06M
$1.81M – $2.41M
NOI $144,504 @ 7.0% cap · market cap 4.98%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
192
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58203, ND
16,165
Population
8,395
Households
1.9
Avg Household Size
29
Median Age
36%
College-Educated
95%
High-School Grad
68.7 sq mi
ZIP Area
235
Density / Sq Mi
$57,905
Median Household Income
$31,586
Median Earnings
$932
Median Rent
$202,500
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
Similar Off Market Nearby
- Northern Plains Grain Inspctn — 1110 N 43rd St, Grand Forks, ND 58203
- Five Star Storage — 5118 Gateway Dr, Grand Forks, ND 58203
- Gateway Storage — 5118 Gateway Dr, Grand Forks, ND 58203
- Storage Max — 3903 Gateway Dr, Grand Forks, ND 58203
Frequently Asked Questions
What type of property is this?
Warehouse - Built in 2022, located off Interstate 29 and Highway 2.
Where is this warehouse located?
The property is located at 4252 16th Avenue North Grand Grand Forks, ND.
What is the asking price?
The asking price for this property is $2,900,000.
What are key features of this property?
This property features: Built in 2022: Enjoy modern construction.; Prime Location: Excellent accessibility off Gateway Drive (Highway 2) and Interstate 29.; Three 14' x 14' Overhead Doors and Loading Bay: Facilitates efficient loading and unloading.
