2145 N Broadway, Minot, ND 58703
4,049 SF retail/hospitality space available for purchase.
- Added:
- Jan 18, 2020
- Days on Market:
- 2361
- Last Refresh:
- Jun 28 at 1:09 am
Property Features for 2145 N Broadway
General Information
- Standard status
- Active
- Size
- 4,049 SF
- Property subtype
- Hospitality, Retail
Building Details
- Year Built
- 1975
Listing office Aspen Group LLP (701) 223-2450
Listing date Jan 18, 2020
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 Aspen Group LLP
HighLights
- Space Available for Sale
- Year Built: 1975
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $48.6k | $12.00 |
| − Vacancy | −$1.0k | −$0.25 |
| EGI | $47.6k | $11.75 |
| − OpEx | −$14.3k | −$3.52 |
| NOI | $33.3k | $8.22 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minot
- County
- Ward
- State
- North Dakota
- Longitude
- -101.2966786
- Latitude
- 48.2591652
