2700 8th St NW, Minot, ND 58703
42,832 SF office building on 19.58 acres.
- Added:
- Jun 18, 2018
- Days on Market:
- 2942
- Last Refresh:
- Jul 5 at 6:28 am
Property Features for 2700 8th St NW
General Information
- Standard status
- Active
- Size
- 42,832 SF
- Lot size
- 19.58 Acres
- Property subtype
- Office
Building Details
- Year Built
- 1996
Listing office Aspen Group LLP (701) 223-2450
Listing date Jun 18, 2018
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
- 42,832 SF Office Building
- Located on 19.58 Acres in North Minot
- Office Building
- Year Built: 1996
Overview
Local Financial Insights For Office B
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 | $472.9k | $11.04 |
| − Vacancy | −$12.3k | −$0.29 |
| EGI | $460.6k | $10.75 |
| − OpEx | −$115.1k | −$2.69 |
| NOI | $345.4k | $8.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Minot
- County
- Ward
- State
- North Dakota
- Longitude
- -101.3056597
- Latitude
- 48.2665293
