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Kenmare Investment Property Opportunity

50101 N HWY 52, Kenmare, ND 58746

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For Sale

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Five buildings on 8.52 acres near HWY 52.

Type:Special Purpose

Property size:

18,360 SF

Lot size:

8.52 Acres

Price / SF:

$92/SF

HighLights

High visibility location off HWY 52 in Kenmare, ideal for business operations
Five buildings on 8.52 acres, providing diverse usage options
Building 5: Massive 18,360 s/f shop with heated and cold storage areas and oversized garage doors
Building 2: 7,200 s/f shop & tool room with a south entrance overhead door
Building 1: 5,500 s/f building with office space and attached parts storage
Ample parking and room to accommodate large vehicles

We can help!

Contact an agent

Becky Bertsch

For Sale

Contact for pricing

Five buildings on 8.52 acres near HWY 52.

Type:Special Purpose

Property size:

18,360 SF

Lot size:

8.52 Acres

Price / SF:

$92/SF

Added:: Oct 31, 2025
Days on Market:: 250
Last Refresh:: Jul 2 at 11:52 am

Property Features for 50101 N HWY 52

General Information

Standard status: Active
Size: 18,360 SF
Lot size: 8.52 Acres
Property subtype: Special Purpose

We can help!

Contact an agent

Becky Bertsch

Listing office Better Homes and Gardens Real Estate Watne Group

Listing date Oct 31, 2025

Source Crexi

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

HighLights

High visibility location off HWY 52 in Kenmare, ideal for business operations
Five buildings on 8.52 acres, providing diverse usage options
Building 5: Massive 18,360 s/f shop with heated and cold storage areas and oversized garage doors
Building 2: 7,200 s/f shop & tool room with a south entrance overhead door
Building 1: 5,500 s/f building with office space and attached parts storage
Ample parking and room to accommodate large vehicles

Overview

This investment property is located in the East Bakken area, offering high visibility 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. The office area includes a showroom, three offices or conference rooms with large windows, and two bathrooms. The parts storage space is attached to the office area. Building 2 is a 7,200 square foot shop and tool room with a south entrance overhead door. Building 3 is a 2,880 square foot parts and cold storage building 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, making it suitable for various investment opportunities.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$220.3k	$12.00
− Vacancy	−$4.6k	−$0.25
EGI	$215.7k	$11.75
− OpEx	−$64.7k	−$3.52
NOI	$151.0k	$8.22

18,360 SF · lease $12.00/SF/yr · vacancy 2.10% · expense 30.00%

Alternative Uses

Best Use

Retail

$2.16M

$1.89M – $2.52M (±1% cap)

NOI $150,985 @ 7.0% cap · market cap 8.88%

Second Best

Warehouse

$1.60M

$1.40M – $1.87M (±1% cap)

NOI $112,232 @ 7.0% cap · market cap 6.60%

Theoretical Best

Office A

$2.47M

$2.16M – $2.88M (±1% cap)

NOI $172,555 @ 7.0% cap · market cap 10.15%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Flex space

Map

City: Kenmare
County: Ward
State: North Dakota
Longitude: -102.087315
Latitude: 48.758566

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View Details

For sale
Flex space
ND
Kenmare
58746
50101 N HWY 52

What type of property is this?

Flex space - Five buildings on 8.52 acres near HWY 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 $1,700,000.

What are key features of this property?

This property features: High visibility location off HWY 52 in Kenmare, ideal for business operations; Five buildings on 8.52 acres, providing diverse usage options; Building 5: Massive 18,360 s/f shop with heated and cold storage areas and oversized garage doors