Industrial Building with Overhead
For Sale
$960,061
5069 140th Avenue Northwest, Williston, ND 58801
Heavy industrial zoning, drive-in access, and a fenced yard define the facility.
Property Size8,750 SF
Lot Size2.20 Acres
Price / SF$109.72
Days on Market91
Property Features for 5069 140th Avenue Northwest
General Information
Standard status
Active
Size
8,750 SF
Lot size
2.20 Acres
Property subtype
Industrial
Zoning
heavy industrial
Additional Details
Fenced Yard
Yes
Drive-In Doors
2
Building Details
Buildings
1
Building Size
8,750 SF
Listing Agency:
CBRE | Fargo
(701) 660-3500
Listed By:
Chance Lindsey
(701) 660-3500
Source:
Cbre
Added: Jun 2
Changed: Aug 30
Last Checked: Aug 30 at 11:46PM
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 CBRE | Fargo
Investment Insights
Based on property information with market context.
This industrial facility contains 8,750 square feet on a 2.2-acre parcel at 5069 140th Avenue Northwest in Williston, North Dakota. The building includes two drive-ins and a 5-ton overhead crane, providing established features for heavy industrial use.
The property carries heavy industrial zoning and includes a fenced yard for outdoor storage or operational needs. It is offered for sale or lease, providing flexibility for an owner-user or occupant seeking an industrial building with yard area and lifting equipment.
The property carries heavy industrial zoning and includes a fenced yard for outdoor storage or operational needs. It is offered for sale or lease, providing flexibility for an owner-user or occupant seeking an industrial building with yard area and lifting equipment.
Key Highlights
- 8,750 SF industrial building on 2.2 acres
- Two drive‑ins provide vehicle access to the building
- 5‑ton overhead crane included
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$52,369
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.45%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,380
$1.0M
Cap Rate 7%
$748,129
$748.1K
Cap Rate 9%
$581,878
$581.9K
Market Conditions
NOI Build-Up for 8,750 SF
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.
Gross rent
$78.8K $9.00/SF
− Vacancy
−$3.9K −$0.45/SF
EGI
$74.8K $8.55/SF
− OpEx
−$22.4K −$2.56/SF
NOI
$52.4K $5.98/SF
Area
Williams County, ND
Vacancy
5.00%
Lease Rate
$9.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,047,380
Cap Rate 7%
$748,129
Cap Rate 9%
$581,878
Alternative Uses
Best Use
Industrial
$748.1K
$654.6K – $872.8K
NOI $52,369 @ 7.0% cap · market cap 5.45%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.93M
$1.69M – $2.25M
NOI $135,072 @ 7.0% cap · market cap 14.07%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Location Intelligence
Trade Area within ½ mile
48
Businesses Nearby
Explore this area
Business Placement
Demographics for 58801, ND
34,921
Population
17,095
Households
2
Avg Household Size
31
Median Age
25%
College-Educated
91%
High-School Grad
716.1 sq mi
ZIP Area
49
Density / Sq Mi
$90,119
Median Household Income
$53,496
Median Earnings
$1,116
Median Rent
$279,800
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Industrial property - Heavy industrial zoning, drive-in access, and a fenced yard define the facility.
Where is this industrial property located?
The property is located at 5069 140th Avenue Northwest Williston, ND.
What is the asking price?
The asking price for this property is $960,061.
What are key features of this property?
This property features: 8,750 SF industrial building on 2.2 acres; Two drive‑ins provide vehicle access to the building; 5‑ton overhead crane included
