Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Williston Flex/Industrial Facility Available Title is generated by Realmo AI

    805 48th Ave W, Williston, ND 58801

    View on Map
    Claim this Listing
    For Lease
    Contact for pricing

    Former Baker Hughes facility in Williston, ND for sale/lease.

    Type:Office, Industrial
    Added:
    Jan 24, 2023
    Days on Market:
    1227
    Last Refresh:
    May 12 at 8:12 pm

    Property Features for 805 48th Ave W

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    2013

    Spaces For Lease

    at 805 48th Ave W Contact us

    West Industrial Suite $14/Mo

    Size
    30,000 SF
    Type
    Industrial, Office
    + (4) 2-ton OH Cranesn+ (1) Jib Cranen+ (1) 1-ton OH crane in Welding/ Machine Workshopn+...
    show more
    Contact us

    Office & Industrial Facility $14/Mo

    Size
    Type
    Industrial, Office
    Contact us

    East Industrial Suite $14/Mo

    Size
    60,000 SF
    Type
    Industrial
    + PPE Wash Stationsn+ Secure Shipping & Receiving Area w/ Officen+ 36” Underground...
    show more
    Contact us

    We can help!

    Listing Contact
    Kyle Ferderer
    Kyle Ferderer

    Listing agent Kyle Ferderer License #ND10560

    Listing office CBRE - Downtown Los Angeles

    Listing date Jan 24, 2023

    Source Crexi

    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 CBRE - Downtown Los Angeles

    HighLights

    • Built in 2013 with best‑in‑class design.
    • Located in the epicenter of the Bakken Shale Formation.
    • Available for sale or lease.
    • Significant discount to replacement cost.
    • Turn‑key asset for immediate operations.
    • Meticulously designed for functionality.

    Overview

    The former Baker Hughes facility in Williston, ND, constructed in 2013, is available for sale or lease. This institutional-quality asset features a best-in-class design. Situated in the epicenter of the Bakken Shale Formation, the property offers an opportunity to immediately accommodate operations. Designed for functionality and effective operations, this property sets the standard for facilities in the Bakken. Recent acceleration in Bakken activity has driven demand for facilities, allowing users and capital partners the opportunity to operate immediately through acquiring this turn-key asset.
    Property Profile Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Williams
    State
    North Dakota
    Longitude
    -103.698
    Latitude
    48.3082

    Nearby Similar for Lease

    • $6,000/Mo
      4,500 SF

      Williston Shop and Office Space

      4,500 SF shop and office space for lease.
      606 Broadway East, Williston, ND 58801
      View Details
    • Contact for pricing
      16,200 SF

      Industrial Facility with Drive-Through Bays

      16,200 SF industrial facility with drive-through bays and touchless wash.
      420 22nd Avenue East, Williston, ND 58801
      View Details
    • $14 SF/Yr
      114,340 SF

      Williston Industrial Facility For Lease

      Turn-key industrial facility in the Bakken Shale Formation epicenter.
      805 48th Avenue West, Williston, ND, 58801
      View Details
    • Contact for pricing
      13,320 SF

      Williston Industrial Space Sublease

      Industrial property with office and shop space available for sublease.
      4319 16th Ave W, Williston, ND 58801
      View Details
    • Contact for pricing
      5,000 SF

      Williston Shop with Fenced Yard

      5,000 SF shop with office and 2.7-acre fenced yard.
      4506 Dakota Pkwy W, Williston, ND 58801
      View Details
    • Contact for pricing
      12,500 SF

      Williston Industrial Property with Truck Parking

      Two buildings with fenced yard and truck parking available for lease.
      5031 Petroleum Park Dr, Williston, ND 58801
      View Details
    • Contact for pricing
      19,600 SF

      Williston Flex Space For Lease

      Flex space in Williston, ND, with single and double units.
      4924 Saddle Ridge Circle, Williston, ND 58801
      View Details
    • Contact for pricing
      9,968 SF

      Industrial Shop with Fenced Yard

      9,968 SF industrial shop with 4.83 acre fenced yard.
      5039 Petroleum Park Dr., Williston, ND 58801
      View Details
    • Contact for pricing
      3,824 SF

      Shop, Office, and Yard Space

      Lease opportunity: shop, office, and yard space available.
      1713 44TH ST W, Williston, ND 58801
      View Details
    • $19 SF/Yr
      2,150 SF

      Office Space with Private Offices

      Office space featuring reception, private offices, and open work area.
      120 26th St E, Williston, ND
      View Details
    • Contact for pricing
      3,824 SF

      Industrial Single Tenant Space

      Industrial single tenant property available for lease.
      1713 44th St W, Williston, ND 58801
      View Details
    • $14 SF/Yr
      24,000 SF

      Industrial Build-to-Suit Opportunity

      24,000 SF industrial building on 5 acres for lease.
      Iron Point Ave & 60th Ave W, Williston, ND, 58801
      View Details

    FAQs

    What type of property is this?
    Flex space - Former Baker Hughes facility in Williston, ND for sale/lease.
    Where is this flex space located?
    The property is located at 805 48th Ave W Williston, ND.
    What is the lease rate?
    The lease rate is $12 SF/Yr.
    What are key features of this property?
    This property features: Built in 2013 with best‑in‑class design.; Located in the epicenter of the Bakken Shale Formation.; Available for sale or lease.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Kyle Ferderer
    Kyle Ferderer
    Real Estate License ID: ND10560
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    805 48th Ave W, Williston, ND 58801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!