Flex Building with Living
836 38th Ave E, Dickinson, ND 58601
For Sale
Contact for pricing
Commercially zoned property combines work areas, office space, and residential quarters within one adaptable building.
Property Size8,400 SF
Price / SF$160.71
Days on Market96
Property Features for 836 38th Ave E
General Information
Standard status
Size
Property subtype
Zoning
Building Details
Year Built
Buildings
Stories
Listing Agency:
Marc C Johnson Commercial Real Estate
Listed By:
Marc Johnson · License ND #2026
Source:
Crexi
Added: Aug 8
Changed: Nov 6
Last Checked: Nov 10 at 8:17AM
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 Marc C Johnson Commercial Real Estate
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Investment Insights
Based on property information with market context.
Constructed in 2012, this 8,400-square-foot flex property brings together shop space, offices, and living quarters under one roof. The combination supports multiple commercial and operational functions within a single building, while the residential component adds another distinct use area.
The property occupies almost 2 acres at 836 38th Ave E in Dickinson, North Dakota. Commercial zoning applies to the site, providing the governing land-use designation for the building and its associated improvements.
The property occupies almost 2 acres at 836 38th Ave E in Dickinson, North Dakota. Commercial zoning applies to the site, providing the governing land-use designation for the building and its associated improvements.
Key Highlights
- 8,400‑square‑foot flex building
- Shop space, office areas, and living quarters in one building
- Constructed in 2012
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$98,477
Cap Rate
7.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,969,540
$2.0M
Cap Rate 7%
$1,406,814
$1.4M
Cap Rate 9%
$1,094,189
$1.1M
Market Conditions
NOI Build-Up for 8,400 SF
Gross rent
$168.3K $20.04/SF
− Vacancy
−$37.0K −$4.41/SF
EGI
$131.3K $15.63/SF
− OpEx
−$32.8K −$3.91/SF
NOI
$98.5K $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%
$1,969,540
Cap Rate 7%
$1,406,814
Cap Rate 9%
$1,094,189
Alternative Uses
Best Use
Office B
$1.41M
$1.23M – $1.64M
NOI $98,477 @ 7.0% cap · market cap 7.29%
Second Best
Flex RnD
$1.26M
$1.11M – $1.47M
NOI $88,452 @ 7.0% cap · market cap 6.55%
Theoretical Best
Multifamily LT 5
$6.66M
$5.83M – $7.77M
NOI $466,344 @ 7.0% cap
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
43
Businesses Nearby
Well-served
Demand for This Use
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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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Market
Vacancy Rate% for Office in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Commercially zoned property combines work areas, office space, and residential quarters within one adaptable building.
Where is this flex space located?
The property is located at 836 38th Ave E Dickinson, ND.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: 8,400‑square‑foot flex building; Shop space, office areas, and living quarters in one building; Constructed in 2012
