Retail Shop Condo with
For Sale
$250,000
904 E Broadway, Williston, ND 58801
Commercial unit with separate utility metering, heated garage access, overhead doors, and on-site parking.
Property Size1,100 SF
Price / SF$227.27
Days on Market229
Property Features for 904 E Broadway
General Information
Standard status
Active
Size
1,100 SF
Property subtype
Retail
Additional Details
Utilities to Site
Yes
Amenities
separately metered utilities
owners association handles exterior insurance, water, sewer, trash service, and snow removal of common areas
on-site parking
3
Heated Garage.
Level
22x50, 0.029999999329447746
Overhead Doors. City Road, Concrete Road, Level.
Building Details
Year Built
2026
Stories
1
Listing Agency:
eXp Realty
(701) 580-0564
Listed By:
Lucas Natwick · License #10666
(701) 580-0564
Source:
Xome
Added: Jan 12
Changed: Aug 29
Last Checked: Aug 29 at 1:08PM
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 eXp Realty
Investment Insights
Based on property information with market context.
Unit F is a 1,100-square-foot retail shop condo completed in 2026. The property includes a heated garage, overhead doors, level access, and a 22x50 configuration. Separate utility meters provide distinct service measurement for the unit.
The property is located at 904 E Broadway in Williston, North Dakota, along Broadway. On-site parking supports customer and guest access. The owners association is responsible for exterior insurance, water, sewer, trash service, and snow removal in common areas, while the unit offers a low-maintenance commercial ownership structure.
The property is located at 904 E Broadway in Williston, North Dakota, along Broadway. On-site parking supports customer and guest access. The owners association is responsible for exterior insurance, water, sewer, trash service, and snow removal in common areas, while the unit offers a low-maintenance commercial ownership structure.
Key Highlights
- 1,100‑square‑foot retail shop condo at 904 E Broadway, Unit F
- Built in 2026 with a 22x50 configuration
- Heated garage with overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$10,622
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.25%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$212,440
$212.4K
Cap Rate 7%
$151,743
$151.7K
Cap Rate 9%
$118,022
$118.0K
Market Conditions
NOI Build-Up for 1,100 SF
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.
Gross rent
$15.8K $14.40/SF
− Vacancy
−$665 −$0.60/SF
EGI
$15.2K $13.80/SF
− OpEx
−$4.6K −$4.14/SF
NOI
$10.6K $9.66/SF
Area
Williams County, ND
Vacancy
4.20%
Lease Rate
$14.40 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$212,440
Cap Rate 7%
$151,743
Cap Rate 9%
$118,022
Alternative Uses
Best Use
Retail
$151.7K
$132.8K – $177.0K
NOI $10,622 @ 7.0% cap · market cap 4.25%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$242.6K
$212.3K – $283.0K
NOI $16,980 @ 7.0% cap · market cap 6.79%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
435
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
Market
Vacancy Rate% for Retail in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Retail space - Commercial unit with separate utility metering, heated garage access, overhead doors, and on-site parking.
Where is this retail space located?
The property is located at 904 E Broadway Williston, ND.
What is the asking price?
The asking price for this property is $250,000.
What are key features of this property?
This property features: 1,100‑square‑foot retail shop condo at 904 E Broadway, Unit F; Built in 2026 with a 22x50 configuration; Heated garage with overhead doors
