Industrial Flex Property with Secure
For Sale
Contact for pricing
6008 US-2, Minot, ND 58701
Two-building industrial site offers office areas, heated and unheated shop space, and a fenced, gated secure yard.
Property Size12,600 SF
Price / SF$93.25
Days on Market201
Property Features for 6008 US-2
General Information
Standard status
Active
Size
12,600 SF
Property subtype
INDUSTRIAL
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Outdoor Storage
Yes
Listing Agency:
Aspen Group
(701) 223-2450
Listed By:
Liz Spaeth · License #9940
Source:
Moodyscre
Added: Feb 24
Changed: Sep 9
Last Checked: Sep 12 at 9:22AM
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 Aspen Group
Investment Insights
Based on property information with market context.
This industrial flex property consists of 12,600 square feet across two buildings, supported by a secured, fenced yard. The main building totals 9,000 square feet and includes two office areas totaling 6,000 square feet plus two heated shop spaces totaling 3,000 square feet. Overhead access includes one 14’ x 12’ door, along with a two-story section that features two additional 12’ x 12’ overhead doors.
The second building provides 3,600 square feet of unheated shop or warehouse space with electricity and a concrete floor, along with two 16’ x 16’ overhead doors.
A 190’ by 80’ secure yard is enclosed with chain-link fencing and three-strand barbed wire, and includes an electric remote-controlled gate. The property is positioned for visibility from Highway 2.
The second building provides 3,600 square feet of unheated shop or warehouse space with electricity and a concrete floor, along with two 16’ x 16’ overhead doors.
A 190’ by 80’ secure yard is enclosed with chain-link fencing and three-strand barbed wire, and includes an electric remote-controlled gate. The property is positioned for visibility from Highway 2.
Key Highlights
- Two‑building commercial/industrial site totaling 12,600 SF along Highway 2 with a secured yard.
- Main building includes 9,000 SF: two office areas totaling 6,000 SF and two heated shop spaces totaling 3,000 SF.
- Main building has (1) 14’ x 12’ overhead door and a two‑story area with (2) 12’ x 12’ overhead doors.
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
$77,022
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
6.56%
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%
$1,540,440
$1.5M
Cap Rate 7%
$1,100,314
$1.1M
Cap Rate 9%
$855,800
$855.8K
Market Conditions
NOI Build-Up for 12,600 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
$98.3K $7.80/SF
− Vacancy
−$7.7K −$0.61/SF
EGI
$90.6K $7.19/SF
− OpEx
−$13.6K −$1.08/SF
NOI
$77.0K $6.11/SF
Area
Ward County, ND
Vacancy
7.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
15.00%
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%
$1,540,440
Cap Rate 7%
$1,100,314
Cap Rate 9%
$855,800
Alternative Uses
Best Use
Warehouse
$1.10M
$962.8K – $1.28M
NOI $77,022 @ 7.0% cap · market cap 6.56%
Second Best
Industrial
$906.1K
$792.9K – $1.06M
NOI $63,430 @ 7.0% cap · market cap 5.40%
Theoretical Best
Office A
$1.69M
$1.48M – $1.97M
NOI $118,420 @ 7.0% cap · market cap 10.08%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58701, ND
32,517
Population
16,267
Households
2
Avg Household Size
37
Median Age
28%
College-Educated
95%
High-School Grad
235.6 sq mi
ZIP Area
138
Density / Sq Mi
$75,329
Median Household Income
$46,695
Median Earnings
$875
Median Rent
$270,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Flex space - Two-building industrial site offers office areas, heated and unheated shop space, and a fenced, gated secure yard.
Where is this flex space located?
The property is located at 6008 US-2 Minot, ND.
What is the asking price?
The asking price for this property is $1,175,000.
What are key features of this property?
This property features: Two‑building commercial/industrial site totaling 12,600 SF along Highway 2 with a secured yard.; Main building includes 9,000 SF: two office areas totaling 6,000 SF and two heated shop spaces totaling 3,000 SF.; Main building has (1) 14’ x 12’ overhead door and a two‑story area with (2) 12’ x 12’ overhead doors.
