Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2700 8Th St Minot, ND 58703

    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Executive Suites, 42,832 SF, 9.31 Acres

    Property size:
    42,832 SF

    Property Features for 2700 8Th St

    General Information

    Property type
    Business parks
    Square Feet
    42,832 SF
    Lot Size
    405,544 SF

    Building Details

    Year Built
    1996
    Buildings
    1
    Stories
    1

    We can help!

    Listing Contact
    Steve Ilse
    Steve Ilse

    Listing Agency: Aspen Group LLP Listing Agent: Steve Ilse

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    This exceptional 42,832-square-foot office building, situated on a generous 9.31-acre lot in North Minot, presents a unique investment opportunity. Constructed in 1996, this single-story building features a semi-open floor plan with abundant natural light from numerous windows. The property boasts a 400 KVA backup generator, ensuring business continuity, and includes a dedicated IT room and telecommunication phone switch gear for seamless operations. A 24-inch dock facilitates efficient loading and unloading. Currently, a portion of the building (3,469 square feet) is tenanted, offering potential rental income for a new owner. The property is zoned C-4 and its address is 2700 8th St NW, Minot, ND 58703. The property's location places it within Minot's thriving office and residential growth area, making it an ideal location for a variety of businesses. The parcel includes three separate APNs: MI11.831.000.0010, MI11.831.000.0020, and MI11.831.000.0030. This multi-tenant building offers significant potential for expansion and adaptation to suit various business needs. The property's size and amenities make it a highly desirable asset in a rapidly developing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Doe Johnathan Md Physician Northland Pace Senior ... Community Center Schoneberg Steve MD Pediatrician Dr. Tarik Qasim Physician

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.30735093
    Latitude
    48.26669565

    Nearby Similar for Sale

    • $460,000
      4,049 SF

      Minot Restaurant - Investment Opportunity

      Prime location, vacant, ready for your concept.
      2145 Broadway, Minot, ND 58703
      View Details
    • $590,000
      7,200 SF

      Downtown Minot Commercial Property

      Versatile commercial space in high-traffic downtown Minot location.
      36 NE 3Rd St, Minot, ND 58703
      View Details
    • $409,900
      13,600 SF

      Downtown Minot Retail Opportunity

      Prime retail space in the heart of Downtown Minot.
      110 1St St, Minot, ND 58701
      View Details
    • $280,000

      North Hill Fourplex with Garage

      Fourplex in Minot with garage and income potential.
      2021 5Th St, Minot, ND 58703
      View Details
    • $820,000
      7,200 SF

      Spacious Commercial Property Near Minot

      7200 sq ft commercial building on 4.79 acres.
      1515 NE Railway Ave, Minot, ND 58703
      View Details
    • $460,000
      4,049 SF

      Restaurant Space Near Airport

      4,049 SF restaurant space with high traffic visibility.
      2145 N Broadway, Minot, ND 58703
      View Details
    • $725,000
      10,987 SF

      Minot Industrial Investment Opportunity

      Fully occupied industrial property in Minot with long-term tenants.
      2001 SE 8Th Ave, Minot, ND 58701
      View Details
    • $1,600,000
      8,320 SF

      Freestanding Restaurant/Bar Building For Sale

      Freestanding restaurant/bar with commercial kitchen and ample parking.
      100 28Th Ave SW, Minot, ND 58701
      View Details
    • $2,000,000
      4,896 SF

      Retail Property with Starbucks

      Two-building retail property, fully leased, anchored by Starbucks.
      1800 22Nd Ave SW, Minot, ND 58701
      View Details
    • Contact for pricing
      90,000 SF

      Highway-Adjacent Hotel Near Interstate

      68-room hotel with easy access to highways and local attractions.
      1900 22Nd Ave SW, Minot, ND 58701
      View Details
    • Contact for pricing
      12,382 SF

      Multi-Tenant Office Building For Sale

      12,382 SF office building with diverse rent roll.
      1809 S Broadway, Minot, ND 58701
      View Details
    • Contact for pricing
      49,023 SF

      Extended Stay Hotel with Kitchens

      80-room extended stay hotel featuring kitchens and various amenities.
      900 37Th Ave SW, Minot, ND 58701
      View Details

    FAQs

    What type of property is this?
    Business park - Executive Suites, 42,832 SF, 9.31 Acres
    Where is this business park located?
    The property is located at 2700 8Th St Minot, ND.
    What are key features of this property?
    This property features: Open floor plan with abundant natural light.; 400 KVA backup generator.; Telecom switchgear.
    (701) 223-2450 Call to check price and availability
    Request Owner's contact information
    2700 8Th St Minot, ND 58703
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2700 8Th St
    Minot, ND 58703
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2700 8Th St Minot, ND 58703
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Steve Ilse
    Steve Ilse
    Real Estate License ID: 8059
    (701) 223-2450 (701) 226-7734
    Learn more
    Google sign-in failed. Please try again or use another login method.