Mixed-Use Property with Shop
For Sale
Contact for pricing
Pending
6181 133rd Ave NW, Williston, ND 58801
A home, multiple shops, and outbuildings create a combined residential and work-oriented configuration.
Property Size4,880 SF
Lot Size7.97 Acres
Days on Market200
Property Features for 6181 133rd Ave NW
General Information
Standard status
Pending
Size
4,880 SF
Lot size
7.97 Acres
Property subtype
Mixed Use, Self Storage
Zoning
Rural Residential
Building Details
Year Built
1984
Listing Agency:
NextHome Fredricksen Real Estate
Listed By:
Amanda Stevens · License #9325
(701) 770-3394
Source:
Crexi
Added: Mar 30
Changed: Oct 14
Last Checked: Oct 15 at 12:11AM
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 NextHome Fredricksen Real Estate
Investment Insights
Based on property information with market context.
This mixed-use property combines a ranch-style residence with substantial shop and storage improvements on 7.97 acres near Williston. Built in 1984, the home provides approximately 2,560 square feet on the main level and an additional 2,560 square feet of finished basement space. The main floor includes 3 bedrooms, 3 bathrooms, laundry, a bamboo-floored kitchen, and a stone fireplace. An attached 3-car garage includes heated floors, while the basement adds recreation space, a bar, and a pool table.
Shop improvements include a 60-by-100-foot steel building with a 48-foot overhead door and a separate 4,368-square-foot heated, partially finished shop with a bathroom. Both large shops have concrete floors. Additional site features include storage structures, a covered patio with built-in grill, a fenced yard, and mature trees. The property is located at 6181 133rd Ave NW, Williston, ND 58801, and is zoned Rural Residential.
Shop improvements include a 60-by-100-foot steel building with a 48-foot overhead door and a separate 4,368-square-foot heated, partially finished shop with a bathroom. Both large shops have concrete floors. Additional site features include storage structures, a covered patio with built-in grill, a fenced yard, and mature trees. The property is located at 6181 133rd Ave NW, Williston, ND 58801, and is zoned Rural Residential.
Key Highlights
- 7.97‑acre property with a residence, shops, and additional outbuildings
- 2,560 SF main level plus 2,560 SF finished basement
- 60x100 steel shop with a 48’ overhead door
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$47,104
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$942,080
$942.1K
Cap Rate 7%
$672,914
$672.9K
Cap Rate 9%
$523,378
$523.4K
Market Conditions
NOI Build-Up for 4,880 SF
Gross rent
$73.2K $15.00/SF
− Vacancy
−$732 −$0.15/SF
EGI
$72.5K $14.85/SF
− OpEx
−$25.4K −$5.20/SF
NOI
$47.1K $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%
$942,080
Cap Rate 7%
$672,914
Cap Rate 9%
$523,378
Alternative Uses
Best Use
Flex RnD
$672.9K
$588.8K – $785.1K
NOI $47,104 @ 7.0% cap · market cap 4.29%
Second Best
Mixed Use
$534.9K
$468.0K – $624.0K
NOI $37,442 @ 7.0% cap · market cap 3.41%
Theoretical Best
Office A
$1.08M
$941.7K – $1.26M
NOI $75,332 @ 7.0% cap · market cap 6.85%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
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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
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Frequently Asked Questions
What type of property is this?
Mixed-use property - A home, multiple shops, and outbuildings create a combined residential and work-oriented configuration.
Where is this mixed-use property located?
The property is located at 6181 133rd Ave NW Williston, ND.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: 7.97‑acre property with a residence, shops, and additional outbuildings; 2,560 SF main level plus 2,560 SF finished basement; 60x100 steel shop with a 48’ overhead door
