Kenmare Investment Property on
50101 N HWY 52, Kenmare, ND 58746
For Sale
Contact for pricing
Five buildings on 8.52 acres near Highway 52.
Property Size18,360 SF
Lot Size8.52 Acres
Price / SF$75.98
Days on Market237
Property Features for 50101 N HWY 52
General Information
Standard status
Size
Lot size
Property subtype
Building Details
Year Built
Listing Agency:
Better Homes and Gardens Real Estate Watne Group
Listed By:
Becky Bertsch · License ND #9176
Source:
Crexi
Added: Mar 19
Changed: Nov 10
Last Checked: Nov 10 at 8:28AM
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 Better Homes and Gardens Real Estate Watne Group
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Investment Insights
Based on property information with market context.
This investment property is located in the East Bakken, just off HWY 52 in Kenmare. The property includes five buildings situated on 8.52 acres. Building 1 features 5,500 square feet of office and parts storage space, including a showroom, three offices or conference rooms with windows, and two bathrooms. Building 2 is a 7,200 square foot shop and tool room with an overhead door on the south side. Building 3 provides 2,880 square feet of parts and cold storage, with an oversized garage door facing east. Building 4 is a 1,920 square foot oil shed. Building 5 is a large shop totaling 18,360 square feet, with 4,824 square feet of heated space on the west side and 13,536 square feet of cold storage on the east side, and oversized garage doors on the southwest and east ends. The property offers ample parking and room for large vehicles.
Key Highlights
- High visibility location off HWY 52 in Kenmare, ideal for business.
- 8.52‑acre property with 5 buildings, offering diverse usage possibilities.
- Massive 18,360 s/f shop (Building 5) with both heated and cold storage areas.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$92,426
Cap Rate
6.63%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,520
$1.8M
Cap Rate 7%
$1,320,371
$1.3M
Cap Rate 9%
$1,026,956
$1.0M
Market Conditions
NOI Build-Up for 18,360 SF
Gross rent
$143.2K $7.80/SF
− Vacancy
−$11.2K −$0.61/SF
EGI
$132.0K $7.19/SF
− OpEx
−$39.6K −$2.16/SF
NOI
$92.4K $5.03/SF
Area
Ward County, ND
Vacancy
7.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,848,520
Cap Rate 7%
$1,320,371
Cap Rate 9%
$1,026,956
Alternative Uses
Best Use
Industrial
$1.32M
$1.16M – $1.54M
NOI $92,426 @ 7.0% cap · market cap 6.63%
Second Best
Flex RnD
$1.15M
$1.01M – $1.34M
NOI $80,426 @ 7.0% cap · market cap 5.77%
Theoretical Best
Office A
$2.47M
$2.16M – $2.88M
NOI $172,555 @ 7.0% cap · market cap 12.37%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
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Demand for This Use
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Business Placement
Demographics for 58746, ND
1,462
Population
880
Households
1.7
Avg Household Size
44
Median Age
19%
College-Educated
92%
High-School Grad
446.7 sq mi
ZIP Area
3
Density / Sq Mi
$71,563
Median Household Income
$53,906
Median Earnings
$815
Median Rent
$148,300
Median Home Value
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Five buildings on 8.52 acres near Highway 52.
Where is this flex space located?
The property is located at 50101 N HWY 52 Kenmare, ND.
What is the asking price?
The asking price for this property is $1,395,000.
What are key features of this property?
This property features: High visibility location off HWY 52 in Kenmare, ideal for business.; 8.52‑acre property with 5 buildings, offering diverse usage possibilities.; Massive 18,360 s/f shop (Building 5) with both heated and cold storage areas.
