Office and Shop Flex
For Sale
$1,750,000
5624 Rooster Lane, Williston, ND 58801
A fenced, gated property pairs substantial office accommodations with multiple shop areas and a concrete truck apron.
Property Size10,887 SF
Lot Size5.00 Acres
Price / SF$160.74
Days on Market236
Property Features for 5624 Rooster Lane
General Information
Standard status
Active
Size
10,887 SF
Lot size
5.00 Acres
Property subtype
Commercial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Office Build-Out
3,120 SF
Mezzanine
480 SF
Drive-In Doors
2
Three-Phase Power
Yes
Additional Details
Property Use
Office/Shop
Amenities
conference area
breakroom
laundry area
Building Details
Year Built
2021
Listing Agency:
REAL
(701) 557-8215
Listed By:
Kallie D Bratlien · License #10502
(701) 770-7797
Source:
Gabrielblackre
Added: Mar 11
Changed: Oct 31
Last Checked: Oct 31 at 2:15PM
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 REAL
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Investment Insights
Based on property information with market context.
Built in 2021 on 5 acres, the flex property combines 3,120 square feet of office space with a 4,320-square-foot shop. The office includes five window-lined offices, multiple meeting areas, two bathrooms, storage, a breakroom, vaulted ceilings, and stained concrete floors. Shop features include floor drains, three-phase electric, two 20-foot overhead doors, a 480-square-foot mezzanine, laundry area, and a bathroom. An enclosed 640-square-foot space adjoins the main shop, while a separate 1,600-square-foot shop has in-floor heat and its own bathroom.
A concrete apron supports truck, trailer, and equipment maneuvering. The yard is fully fenced and accessed through two sliding gates. A 2011 manufactured home is also on the property. The site is near a truck route and major highway access.
A concrete apron supports truck, trailer, and equipment maneuvering. The yard is fully fenced and accessed through two sliding gates. A 2011 manufactured home is also on the property. The site is near a truck route and major highway access.
Key Highlights
- 5‑acre property with a 3,120‑square‑foot office and 4,320‑square‑foot main shop
- Office includes five window‑lined offices, conference and meeting rooms, two bathrooms, storage, and a breakroom
- Main shop has floor drains, three‑phase electric, two 20‑foot overhead doors, and a 480‑square‑foot mezzanine
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,087
Cap Rate
6.00%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,740
$2.1M
Cap Rate 7%
$1,501,243
$1.5M
Cap Rate 9%
$1,167,633
$1.2M
Market Conditions
NOI Build-Up for 10,887 SF
Gross rent
$163.3K $15.00/SF
− Vacancy
−$1.6K −$0.15/SF
EGI
$161.7K $14.85/SF
− OpEx
−$56.6K −$5.20/SF
NOI
$105.1K $9.65/SF
Area
Williams County, ND
Vacancy
1.00%
Lease Rate
$15.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,101,740
Cap Rate 7%
$1,501,243
Cap Rate 9%
$1,167,633
Alternative Uses
Best Use
Flex RnD
$1.50M
$1.31M – $1.75M
NOI $105,087 @ 7.0% cap · market cap 6.00%
Second Best
Warehouse
$1.21M
$1.06M – $1.41M
NOI $84,840 @ 7.0% cap · market cap 4.85%
Theoretical Best
Office A
$2.40M
$2.10M – $2.80M
NOI $168,060 @ 7.0% cap · market cap 9.60%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Drive-in doors
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2
Businesses Nearby
Well-served
Demand for This Use
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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - A fenced, gated property pairs substantial office accommodations with multiple shop areas and a concrete truck apron.
Where is this flex space located?
The property is located at 5624 Rooster Lane Williston, ND.
What is the asking price?
The asking price for this property is $1,750,000.
What are key features of this property?
This property features: 5‑acre property with a 3,120‑square‑foot office and 4,320‑square‑foot main shop; Office includes five window‑lined offices, conference and meeting rooms, two bathrooms, storage, and a breakroom; Main shop has floor drains, three‑phase electric, two 20‑foot overhead doors, and a 480‑square‑foot mezzanine
