SOCO Professional Park Office
For Sale
Contact for pricing
4303 S Columbia Rd, Grand Forks, ND 58201
Two-building office park with modern design and flexible tenant spaces.
Property Size12,196 SF
Price / SF$270.58
Days on Market1474
Property Features for 4303 S Columbia Rd
General Information
Standard status
Active
Size
12,196 SF
Class
A
Property subtype
Office
Occupancy
80%
Lease Type
NNN
Building Details
Year Built
2021
Buildings
1
Tenancy
Multi
Listing Agency:
Core Property Group
Listed By:
Jeremy Horst · License #ND 8209
(701) 235-2920
Source:
Crexi
Added: Sep 25, 2022
Changed: Oct 6
Last Checked: Oct 7 at 12:43PM
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 Core Property Group
Investment Insights
Based on property information with market context.
SOCO Professional Park features two uniquely designed office buildings located along Columbia Road in south Grand Forks. The buildings showcase a modern architectural design and high-quality construction. Interior features include common corridors, tiled bathrooms, and interior-designed tenant spaces. A shared digital monument sign is available for tenant features. The property offers ease of access at a signalized corner along Columbia Road and 43rd Avenue South. The property size is 12196 square feet. Flexible tenant spaces are available, presenting an opportunity for ownership in a growing area.
Key Highlights
- Modern architectural design and high‑quality construction.
- Located in the growing south Grand Forks area.
- Ease of access at a signalized corner of Columbia Road & 43rd Ave. S.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$120,740
Cap Rate
3.66%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,414,800
$2.4M
Cap Rate 7%
$1,724,857
$1.7M
Cap Rate 9%
$1,341,556
$1.3M
Market Conditions
NOI Build-Up for 12,196 SF
Gross rent
$182.9K $15.00/SF
− Vacancy
−$22.0K −$1.80/SF
EGI
$161.0K $13.20/SF
− OpEx
−$40.2K −$3.30/SF
NOI
$120.7K $9.90/SF
Area
Grand Forks County, ND
Vacancy
12.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,414,800
Cap Rate 7%
$1,724,857
Cap Rate 9%
$1,341,556
Alternative Uses
Best Use
Office B
$1.72M
$1.51M – $2.01M
NOI $120,740 @ 7.0% cap · market cap 3.66%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.26M
$1.98M – $2.63M
NOI $158,060 @ 7.0% cap · market cap 4.79%
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
150
Businesses Nearby
Explore this area
Business Placement
Demographics for 58201, ND
42,598
Population
20,277
Households
2.1
Avg Household Size
34
Median Age
40%
College-Educated
96%
High-School Grad
69.0 sq mi
ZIP Area
617
Density / Sq Mi
$69,120
Median Household Income
$43,503
Median Earnings
$966
Median Rent
$274,000
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 Office in Midwest region
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Frequently Asked Questions
What type of property is this?
Office building - Two-building office park with modern design and flexible tenant spaces.
Where is this office building located?
The property is located at 4303 S Columbia Rd Grand Forks, ND.
What is the asking price?
The asking price for this property is $3,300,000.
What are key features of this property?
This property features: Modern architectural design and high‑quality construction.; Located in the growing south Grand Forks area.; Ease of access at a signalized corner of Columbia Road & 43rd Ave. S.
