8923 OIL AVE Williston, ND 58801
23,290 SF FedEx Ship Center built in 2017.
Property Features for 8923 OIL AVE
General Information
- Standard status
- Active
- Size
- 23,290 SF
- Lot size
- 2.50 Acres
- Property subtype
- Industrial
Building Details
- Year Built
- 2017
Listing office Northmarq Capital, LLC
Listing date May 22, 2026
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 Northmarq Capital, LLC
Investment Insights
Based on property information with market context.
Key Highlights
- 100% fee‑simple interest in the FedEx Ship Center
- Build‑to‑suit facility constructed in 2017
- Located in Williston, North Dakota
Local Financial Insights For Warehouse
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 | $223.6k | $9.60 |
| − Vacancy | −$10.1k | −$0.43 |
| EGI | $213.5k | $9.17 |
| − OpEx | −$32.0k | −$1.38 |
| NOI | $181.5k | $7.79 |
