Standalone Two-Entrance Office
For Sale
$245,000
677 10th St E, Dickinson, ND 58601
Flexible commercial layout with off-street parking and access from two separate entrances.
Property Size1,792 SF
Price / SF$136.72
Days on Market11
Property Features for 677 10th St E
General Information
Standard status
Active
Size
1,792 SF
Taxes and HOA fees
Annual Taxes
$2,222
Amenities
two separate entrances
Building Details
Buildings
1
Building Size
1,792 SF
Listing Agency:
The Real Estate Company
(701) 483-0111
Listed By:
Tammie Braun
(701) 590-1091
Source:
Exprealty
Added: Aug 29
Changed: Sep 7
Last Checked: Sep 7 at 2:47PM
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 The Real Estate Company
Investment Insights
Based on property information with market context.
This standalone office building contains 1,792 square feet and is configured with two separate entrances. The layout can support two businesses operating independently, or one organization can use the full building for its office needs.
Off-street parking is included, providing on-site convenience for occupants and visitors. The property is located at 677 10th St E in Dickinson, North Dakota, with access suited to clients, customers, and employees.
Off-street parking is included, providing on-site convenience for occupants and visitors. The property is located at 677 10th St E in Dickinson, North Dakota, with access suited to clients, customers, and employees.
Key Highlights
- 1,792 sq. ft. standalone office building
- Two separate entrances support two‑business occupancy
- Off‑street parking 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
$21,008
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
8.57%
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%
$420,160
$420.2K
Cap Rate 7%
$300,114
$300.1K
Cap Rate 9%
$233,422
$233.4K
Market Conditions
NOI Build-Up for 1,792 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
$35.9K $20.04/SF
− Vacancy
−$7.9K −$4.41/SF
EGI
$28.0K $15.63/SF
− OpEx
−$7.0K −$3.91/SF
NOI
$21.0K $11.72/SF
Area
Stark County, ND
Vacancy
22.00%
Lease Rate
$20.04 /SF/Yr
Expense Ratio
25.00%
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%
$420,160
Cap Rate 7%
$300,114
Cap Rate 9%
$233,422
Alternative Uses
Best Use
Office B
$300.1K
$262.6K – $350.1K
NOI $21,008 @ 7.0% cap · market cap 8.57%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$1.42M
$1.24M – $1.66M
NOI $99,487 @ 7.0% cap · market cap 40.61%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
196
Businesses Nearby
Explore this area
Business Placement
Demographics for 58601, ND
29,697
Population
13,619
Households
2.2
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
570.6 sq mi
ZIP Area
52
Density / Sq Mi
$81,008
Median Household Income
$49,085
Median Earnings
$968
Median Rent
$269,200
Median Home Value
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Flexible commercial layout with off-street parking and access from two separate entrances.
Where is this office building located?
The property is located at 677 10th St E Dickinson, ND.
What is the asking price?
The asking price for this property is $245,000.
What are key features of this property?
This property features: 1,792 sq. ft. standalone office building; Two separate entrances support two‑business occupancy; Off‑street parking included
