Industrial Flex
For Sale
Contact for pricing
687 7th Ave SE, Dickinson, ND 58601
Office, training, shop, and secured yard areas support varied industrial operations.
Property Size12,600 SF
Lot Size3.96 Acres
Price / SF$142.86
Days on Market56
Property Features for 687 7th Ave SE
General Information
Standard status
Active
Size
12,600 SF
Lot size
3.96 Acres
Property subtype
Office, Industrial, Land
Zoning
General Industrial
Site & Location
Highway Access
Yes
Fenced Yard
Yes
Warehouse & Industrial
Voltage
480 V
Three-Phase Power
Yes
Additional Details
Office Units
8
Amenities
conference room
video conferencing capability
break room
kitchen facilities
training/lounge space
Building Details
Building Size
12,600 SF
Listing Agency:
Meyer Realty
Listed By:
Theresa Hart · License #8678
(612) 840-3226
Source:
Crexi
Added: Aug 31
Changed: Oct 25
Last Checked: Oct 24 at 1:30PM
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 Meyer Realty
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Investment Insights
Based on property information with market context.
This 12,600 SF industrial flex facility combines office, training, meeting, storage, and shop functions within a 3.96-acre site. The office component includes eight suites, a reception area, conference room with video conferencing capability, break room, kitchen facilities, and adaptable training or lounge space. The finished shop adds four overhead doors, in-floor heat, floor drains, a foreman’s office, a restroom, high-level electrical hookups, and 480V / 3-phase power.
General Industrial zoning supports the property’s industrial orientation. Concrete parking is provided at the front and rear, while a scoria yard and fenced, gated grounds provide secured outdoor operating space. The property is located at 687 7th Ave SE in Dickinson, North Dakota, with access to Highway 22. Available immediately.
General Industrial zoning supports the property’s industrial orientation. Concrete parking is provided at the front and rear, while a scoria yard and fenced, gated grounds provide secured outdoor operating space. The property is located at 687 7th Ave SE in Dickinson, North Dakota, with access to Highway 22. Available immediately.
Key Highlights
- 12,600 SF industrial flex facility on 3.96 acres
- Eight office suites plus reception, conference, break room, kitchen, and training/lounge areas
- Finished shop with four overhead doors, in‑floor heat, floor drains, and shop restroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$147,715
Cap Rate
8.21%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,954,300
$3.0M
Cap Rate 7%
$2,110,214
$2.1M
Cap Rate 9%
$1,641,278
$1.6M
Market Conditions
NOI Build-Up for 12,600 SF
Gross rent
$252.5K $20.04/SF
− Vacancy
−$55.6K −$4.41/SF
EGI
$197.0K $15.63/SF
− OpEx
−$49.2K −$3.91/SF
NOI
$147.7K $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 Rate 5%
$2,954,300
Cap Rate 7%
$2,110,214
Cap Rate 9%
$1,641,278
Alternative Uses
Best Use
Office B
$2.11M
$1.85M – $2.46M
NOI $147,715 @ 7.0% cap · market cap 8.21%
Second Best
Flex RnD
$1.90M
$1.66M – $2.21M
NOI $132,678 @ 7.0% cap · market cap 7.37%
Theoretical Best
Multifamily LT 5
$9.99M
$8.74M – $11.66M
NOI $699,516 @ 7.0% cap · market cap 38.86%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
8
Office units
Yes
Fenced yard
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
580
Businesses Nearby
Under-served
Demand for This Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Office, training, shop, and secured yard areas support varied industrial operations.
Where is this flex space located?
The property is located at 687 7th Ave SE Dickinson, ND.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 12,600 SF industrial flex facility on 3.96 acres; Eight office suites plus reception, conference, break room, kitchen, and training/lounge areas; Finished shop with four overhead doors, in‑floor heat, floor drains, and shop restroom
