Flex Space with Fenced
8706 282nd Street Northwest, Berthold, ND 58718
For Sale
Contact for pricing
The shop includes in-floor heating, three-phase power, and overhead doors for practical work and equipment access.
Property Size8,000 SF
Lot Size13.00 Acres
Price / SF$124.99
Days on Market34
Property Features for 8706 282nd Street Northwest
General Information
Standard status
Size
Lot size
Property subtype
Site & Location
Highway Access
Road Access
Fenced Yard
Outdoor Storage
Utilities to Site
Warehouse & Industrial
Truck Court Depth
Three-Phase Power
Additional Details
Property Use
Building Details
Year Built
Buildings
Building Size
Listing Agency:
Brokers 12
Listed By:
Kausha Bakk · License ND #7683
Source:
Crexi
Added: Oct 8
Changed: Nov 8
Last Checked: Nov 10 at 7:29AM
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 Brokers 12
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
Built in 2020, this flex property includes an 8,000-square-foot shop on approximately 13 acres. Building features include three-phase power, in-floor heat, overhead heating, LED lighting, a floor drain connected to the septic system, a three-quarter bath, and rural water. Four 16-by-14-foot overhead doors provide access, while a 25-foot apron wraps around three sides of the building.
The approximately 13-acre yard is fenced. The property is reached by an access road with a private approach and gate, and the site has drainage improvements. It is located just off Highway 2 between Minot and Berthold.
The approximately 13-acre yard is fenced. The property is reached by an access road with a private approach and gate, and the site has drainage improvements. It is located just off Highway 2 between Minot and Berthold.
Key Highlights
- 8,000‑square‑foot shop on approximately 13 acres
- Built in 2020 with three‑phase power and in‑floor heat
- Four 16' x 14' overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$40,273
Cap Rate
4.03%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,460
$805.5K
Cap Rate 7%
$575,329
$575.3K
Cap Rate 9%
$447,478
$447.5K
Market Conditions
NOI Build-Up for 8,000 SF
Gross rent
$62.4K $7.80/SF
− Vacancy
−$4.9K −$0.61/SF
EGI
$57.5K $7.19/SF
− OpEx
−$17.3K −$2.16/SF
NOI
$40.3K $5.03/SF
Area
Ward County, ND
Vacancy
7.80%
Lease Rate
$7.80 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$805,460
Cap Rate 7%
$575,329
Cap Rate 9%
$447,478
Alternative Uses
Best Use
Industrial
$575.3K
$503.4K – $671.2K
NOI $40,273 @ 7.0% cap · market cap 4.03%
Second Best
Flex RnD
$500.6K
$438.1K – $584.1K
NOI $35,044 @ 7.0% cap · market cap 3.50%
Theoretical Best
Office A
$1.07M
$939.8K – $1.25M
NOI $75,187 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Yes
Fenced yard
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
5
Businesses Nearby
Explore this area
Business Placement
Demographics for 58718, ND
1,116
Population
524
Households
2.1
Avg Household Size
42
Median Age
17%
College-Educated
94%
High-School Grad
425.3 sq mi
ZIP Area
3
Density / Sq Mi
$86,667
Median Household Income
$46,104
Median Earnings
$675
Median Rent
$217,200
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - The shop includes in-floor heating, three-phase power, and overhead doors for practical work and equipment access.
Where is this flex space located?
The property is located at 8706 282nd Street Northwest Berthold, ND.
What is the asking price?
The asking price for this property is $999,900.
What are key features of this property?
This property features: 8,000‑square‑foot shop on approximately 13 acres; Built in 2020 with three‑phase power and in‑floor heat; Four 16' x 14' overhead doors
