23,290 SF Distribution
For Sale
$5,836,032
8923 Oil Ave, Williston, ND 58801
Built-to-suit distribution facility for FedEx Corporation.
Property Size23,290 SF
Price / SF$250.58
Days on Market211
Property Features for 8923 Oil Ave
General Information
Standard status
Active
Size
23,290 SF
Property subtype
Retail - Freestanding
Building Details
Building Size
23,290 SF
Year Built
2017
Listing Agency:
Encore Real Estate Investment Services
Listed By:
Marcel Pearl · License #6501396308
(248) 702-0942
Source:
Commercialcafe
Added: Mar 26
Changed: Oct 9
Last Checked: Oct 20 at 5:39PM
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 Encore Real Estate Investment Services
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.
This property features a 23,290 square foot distribution facility. The property was built-to-suit for FedEx Corporation in 2017.
Key Highlights
- 23,290 square foot facility.
- Built‑to‑suit for FedEx Corporation.
- Built in 2017.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$181,494
Cap Rate
3.11%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,629,880
$3.6M
Cap Rate 7%
$2,592,771
$2.6M
Cap Rate 9%
$2,016,600
$2.0M
Market Conditions
NOI Build-Up for 23,290 SF
Gross rent
$223.6K $9.60/SF
− Vacancy
−$10.1K −$0.43/SF
EGI
$213.5K $9.17/SF
− OpEx
−$32.0K −$1.38/SF
NOI
$181.5K $7.79/SF
Area
Williams County, ND
Vacancy
4.50%
Lease Rate
$9.60 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,629,880
Cap Rate 7%
$2,592,771
Cap Rate 9%
$2,016,600
Alternative Uses
Best Use
Warehouse
$2.59M
$2.27M – $3.02M
NOI $181,494 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,391 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$5.14M
$4.49M – $5.99M
NOI $359,523 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
47
Businesses Nearby
Explore this area
Business Placement
Demographics for 58801, ND
34,921
Population
17,095
Households
2
Avg Household Size
31
Median Age
25%
College-Educated
91%
High-School Grad
716.1 sq mi
ZIP Area
49
Density / Sq Mi
$90,119
Median Household Income
$53,496
Median Earnings
$1,116
Median Rent
$279,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Distribution center - Built-to-suit distribution facility for FedEx Corporation.
Where is this distribution center located?
The property is located at 8923 Oil Ave Williston, ND.
What is the asking price?
The asking price for this property is $5,836,032.
What are key features of this property?
This property features: 23,290 square foot facility.; Built‑to‑suit for FedEx Corporation.; Built in 2017.
