North Minot Office
For Sale
Contact for pricing
2700 8th St NW, Minot, ND 58703
42,832 SF office building on 19.58 acres.
Property Size42,832 SF
Lot Size19.58 Acres
Price / SF$98.06
Days on Market3034
Property Features for 2700 8th St NW
General Information
Standard status
Active
Size
42,832 SF
Lot size
19.58 Acres
Property subtype
Office
Zoning
C-4
Building Details
Year Built
1996
Buildings
1
Stories
1
Tenancy
Multi
Listing Agency:
Aspen Group LLP
Listed By:
Steve Ilse · License #ND 8059
(701) 223-2450
Source:
Crexi
Added: Jun 18, 2018
Changed: Oct 7
Last Checked: Oct 7 at 12:07PM
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
Investment Insights
Based on property information with market context.
This is a 42,832 square foot office building situated on 19.58 acres located in North Minot.
Key Highlights
- 42,832 SF Office Building
- Located on 19.58 Acres in North Minot
- Office Building
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$345,428
Cap Rate
8.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,908,560
$6.9M
Cap Rate 7%
$4,934,686
$4.9M
Cap Rate 9%
$3,838,089
$3.8M
Market Conditions
NOI Build-Up for 42,832 SF
Gross rent
$472.9K $11.04/SF
− Vacancy
−$12.3K −$0.29/SF
EGI
$460.6K $10.75/SF
− OpEx
−$115.1K −$2.69/SF
NOI
$345.4K $8.06/SF
Area
Ward County, ND
Vacancy
2.60%
Lease Rate
$11.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$6,908,560
Cap Rate 7%
$4,934,686
Cap Rate 9%
$3,838,089
Alternative Uses
Best Use
Office B
$4.93M
$4.32M – $5.76M
NOI $345,428 @ 7.0% cap · market cap 8.22%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.75M
$5.03M – $6.71M
NOI $402,552 @ 7.0% cap · market cap 9.58%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
190
Businesses Nearby
Explore this area
Business Placement
Demographics for 58703, ND
23,341
Population
10,643
Households
2.2
Avg Household Size
31
Median Age
34%
College-Educated
95%
High-School Grad
156.2 sq mi
ZIP Area
149
Density / Sq Mi
$82,926
Median Household Income
$48,355
Median Earnings
$1,030
Median Rent
$254,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in Midwest region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - 42,832 SF office building on 19.58 acres.
Where is this office building located?
The property is located at 2700 8th St NW Minot, ND.
What is the asking price?
The asking price for this property is $4,200,000.
What are key features of this property?
This property features: 42,832 SF Office Building; Located on 19.58 Acres in North Minot; Office Building
