Versatile Commercial Property on 8.52
50101 N HWY 52 Kenmare, ND 58746
50101 N HWY 52, Kenmare, ND, 58746
$1,395,000
For Sale
$1,395,000
COMMERCIAL - Kenmare, ND
Property Size5,500 SF
Lot Size8.52 Acres
Price / SF$253.64
Days on Market125
Property Features for 50101 N HWY 52
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- C1
- Interior features
- Public Restrooms, Private Restrooms
- Standard status
- Active
- APN
- See Agent Remarks
- Size
- 5,500 SF
- Lot size
- 8.52 Acres
Taxes and HOA fees
- Tax Year
- 2024
Utilities
- Heating system
- Propane (Heating)
- Cooling system
- Central Air
Building Details
- Year built
- 1975
- Number of units
- 3
Listing agency
Better Homes and Gardens Real Estate Watne Group
(701) 852-1156
Listed by
BECKY BERTSCH
(701) 852-1156
Added: Mar 19 Updated: May 28 at 2:33PM Checked: Jul 21 at 2:06PM
MLS# 260421
Copyright © 2026 Minot Board of REALTORS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This commercial property is located just off HWY 52 in Kenmare, ND, and 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 large windows, and two bathrooms. Building 2 is a 7,200 square foot shop and tool room with a south-facing overhead door. Building 3 provides 2,880 square feet of parts and cold storage, accessible via 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 space for large vehicles, making it suitable for various business uses.
Key Highlights
- High‑visibility location off HWY 52 in the East Bakken area.
- Five buildings on 8.52 acres, offering diverse usage options.
- Massive 18,360 s/f shop (Building 5) with both heated and cold storage areas.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $60.7k | $11.04 |
| − Vacancy | −$1.6k | −$0.29 |
| EGI | $59.1k | $10.75 |
| − OpEx | −$14.8k | −$2.69 |
| NOI | $44.4k | $8.06 |
5,500 SF · lease $11.04/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$633.7K
$554.5K – $739.3K
NOI $44,356 @ 7.0% cap · market cap 3.18%
Second Best
Warehouse
$480.3K
$420.3K – $560.4K
NOI $33,621 @ 7.0% cap · market cap 2.41%
Theoretical Best
Office A
$738.4K
$646.1K – $861.5K
NOI $51,691 @ 7.0% cap · market cap 3.71%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Five buildings on 8.52 acres, great investment opportunity!
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 the East Bakken area.; Five buildings on 8.52 acres, offering diverse usage options.; **Massive 18,360 s/f shop (Building 5) with both heated and cold storage areas.**
