2975 Heartland Dr Ste H5 Grand Forks, ND 58201
Functional condos perfect for hobbies, business, or storage.
Property Features for 2975 Heartland Dr Ste H5
General Information
- Standard status
- Active
- Size
- 1,040 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 2023
Listing office Berkshire Hathaway HomeServices Family Realty (701) 885-2441
Listing date Nov 30, 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 Berkshire Hathaway HomeServices Family Realty
Investment Insights
Based on property information with market context.
Key Highlights
- Strategically located just off 32nd Ave S and Interstate 29 for convenient access.
- Versatile 26x40 unit suitable for a man cave, hobby shop, or business.
- Features a 10x12 overhead door with remote power access and a 36" walk‑in door for seamless entry.
Local Financial Insights For Flex RnD
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 | $15.0k | $14.40 |
| − Vacancy | −$1.2k | −$1.15 |
| EGI | $13.8k | $13.25 |
| − OpEx | −$4.8k | −$4.64 |
| NOI | $9.0k | $8.61 |
