Renovated Retail Property For
446 18th St W, Dickinson, ND 58601
For Sale
Contact for pricing
Fully leased retail property with long-term, stable income.
Property Size36,824 SF
Lot Size2.04 Acres
Price / SF$181.03
Days on Market236
Property Features for 446 18th St W
General Information
Standard status
Size
Lot size
Property subtype
Lease Type
Net Operating Income
Building Details
Year Built
Year Renovated
Buildings
Tenancy
Listing Agency:
Northmarq - Chicago
Listed By:
Isaiah Harf · License IL #471019332
(773) 963-2637
Source:
Crexi
Added: Mar 23
Changed: Nov 10
Last Checked: Nov 12 at 6:08AM
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 Northmarq - Chicago
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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.
A fully renovated, dual-tenant retail property is available for sale. The property is located at 446 18th Street West, Dickinson, North Dakota. It features approximately 36,824 square feet of retail space situated on a 2.04 acre parcel. The property is 100% leased to Harbor Freight Tools and T.J. Maxx. Both tenants are operating under 10-year lease agreements, each with over 8 years remaining. The property has been fully repositioned with modern upgrades to suit national retailers, offering a turn-key investment with long-term, stable income.
Key Highlights
- 100% leased to Harbor Freight Tools and T.J. Maxx.
- Both tenants operating under 10‑year lease agreements with 8+ years remaining.
- Fully renovated retail property.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$347,987
Cap Rate
5.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,959,740
$7.0M
Cap Rate 7%
$4,971,243
$5.0M
Cap Rate 9%
$3,866,522
$3.9M
Market Conditions
NOI Build-Up for 36,824 SF
Gross rent
$552.4K $15.00/SF
− Vacancy
−$55.2K −$1.50/SF
EGI
$497.1K $13.50/SF
− OpEx
−$149.1K −$4.05/SF
NOI
$348.0K $9.45/SF
Area
Stark County, ND
Vacancy
10.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,959,740
Cap Rate 7%
$4,971,243
Cap Rate 9%
$3,866,522
Alternative Uses
Best Use
Retail
$4.97M
$4.35M – $5.80M
NOI $347,987 @ 7.0% cap · market cap 5.22%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$29.21M
$25.55M – $34.07M
NOI $2,044,365 @ 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
613
Businesses Nearby
220k
Monthly Visits Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 40%
Superstores 28%
Apparel 16%
Shops & Services 10%
Walmart
Superstores
60,790 visits/mo
0.4 miles
Runnings
Apparel
23,415 visits/mo
0.1 miles
Wendy's
Dining
12,726 visits/mo
0.0 miles
Dunham's Sports
Apparel
11,275 visits/mo
0.3 miles
Burger King
Dining
10,490 visits/mo
0.3 miles
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
View Realmo Analytics
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Shopping center - Fully leased retail property with long-term, stable income.
Where is this shopping center located?
The property is located at 446 18th St W Dickinson, ND.
What is the asking price?
The asking price for this property is $6,666,267.
What are key features of this property?
This property features: 100% leased to Harbor Freight Tools and T.J. Maxx.; Both tenants operating under 10‑year lease agreements with 8+ years remaining.; Fully renovated retail property.
