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    501 12Th Ave Stanley, ND 58784

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    For Lease
    Contact for pricing

    Prime Stanley, ND Office Space Available

    Lot size:
    37,000 SF

    Property Features for 501 12Th Ave

    General Information

    Property type
    Office Units
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    37,000 SF
    Class
    A
    Total Rate
    63640

    Building Details

    Stories
    3

    Spaces For Lease

    at 501 12Th Ave, Stanley, ND 58784 Contact us
    Unit Available Space 5

    $20 /Mo

    Size
    612 SF
    Contact us

    We can help!

    Listing Contact
    Erik C. Peterson
    Erik C. Peterson

    Listing Agency: Proven Realty, LLC brokered by eXp Realty Listing Agent: Erik C. Peterson

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

    Learn more

    Property Insight Report

    Overview

    Stanley Square, located at 501 12th Ave SE in Stanley, North Dakota, offers exceptional Class A office space within a vibrant mixed-use building. This three-story building boasts 37,000 square feet of total space, with multiple tenancy options available. Currently, 5,743 square feet of vacant office space is ready for immediate occupancy, divisible into units ranging from a minimum of 572 square feet to a maximum contiguous space of 1,480 square feet. The building's design caters to both executive and creative office needs, making it an ideal location for a variety of businesses. Situated in Mountrail County, Stanley Square benefits from high visibility and a convenient location, ensuring strong business presence and accessibility. The building's strategic placement within the community provides excellent exposure and easy access for clients and employees. This property presents a unique opportunity to establish a thriving business in a thriving community. The building's modern design and Class A designation reflect a commitment to quality and functionality, offering a professional and productive work environment. Contact us today to learn more about the available spaces and explore the possibilities of establishing your business at Stanley Square.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Office Units

    Suggested Use

    Restaurant Law Firm Dental Office Building Supply Hair Salon Big Box & Wholesale Store Nail Salon Auto Repair Shop Pharmacy Kitchen & Bath Showroom

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

    Location Insight

    • Map
    • Local Demand
    City
    Stanley
    County
    Mountrail
    State
    North Dakota
    Longitude
    -102.3792255
    Latitude
    48.3071303

    Nearby Similar for Lease

    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease in Stanley, North Dakota.
      1101 4Th St SE, Stanley, ND 58784
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease in Stanley, North Dakota.
      1101 4Th St SE, Stanley, ND 58784
      View Details

    FAQs

    What type of property is this?
    Office units - Prime Stanley, ND Office Space Available
    Where is this office units located?
    The property is located at 501 12Th Ave Stanley, ND.
    What is the lease rate?
    The lease rate is $0.00-$20 SF/Yr.
    What are key features of this property?
    This property features: High-visibility, high-quality Class A office space, suitable for office and/or retail use.; Public restrooms available on-site.; Ample parking available in a large lot.
    (701) 369-3949 Call to check price and availability
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    501 12Th Ave Stanley, ND 58784
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    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
    501 12Th Ave Stanley, ND 58784
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    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Erik C. Peterson
    Erik C. Peterson
    Real Estate License ID: 9328
    (701) 369-3949
    Learn more
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