Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    212 Broadway Minot, ND 58701

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Prime Minot Office, High Occupancy

    Property size:
    19,170 SF

    Property Features for 212 Broadway

    General Information

    Property type
    Office properties & Spaces
    Square Feet
    19,170 SF
    Class
    B
    Lot Size
    29,185 SF

    Building Details

    Buildings
    1
    Stories
    2

    We can help!

    Listing Contact
    Jill Duemeland
    Jill Duemeland

    Listing Agency: Duemelands Commercial Real Estate Listing Agent: Jill Duemeland

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

    Learn more

    Property Insight Report

    Overview

    Midtown Plaza, a well-located Minot, North Dakota office building, presents a compelling investment opportunity. This two-story, Class B traditional office building totals 19,170 square feet on a 0.67-acre lot, situated at the corner of S Broadway and 2nd Avenue SW. The property boasts a 79% occupancy rate, generating a strong cash flow. Built in 1946 and 1959, the building is zoned C3 and features a large parking lot, a significant advantage in this area. The asking price is $1,650,000, translating to $86.07 per square foot. The property's prime location is just one block north of Trinity Hospital & Health Center, benefiting from high visibility and traffic volume (19,275 vehicles per day) along S Broadway. The property's multiple tax parcel numbers are MI23.021.110.0070, MI23.021.110.0100, MI23.021.110.0110, MI23.021.110.0130, MI23.021.110.0140, MI23.021.110.0150, and MI23.021.110.0160. This multi-tenant building offers a solid return on investment for the discerning buyer. The address is 212 S Broadway, Minot, ND 58701.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Minot Board Of Realtors Association / Organization Sid & Elizondo Law ... Law Firm Mid-Town Chiropractic Alternative Medicine Practice Bradley D. Kraft, ... Alternative Medicine Practice SR22 Drivers Insurance ... Marketing & Advertising

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center 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
    -101.29597460834
    Latitude
    48.234335813668

    Nearby Similar for Sale

    • $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
    • $109,900
      0.27 Acres

      Renovation-Ready Triplex with Upside

      Three-unit multifamily property, positioned for a high-return renovation project.
      912 12Th Ave, Minot, ND 58703
      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

      Retail Space For Sale

      Retail space with regional and local tenants, ample parking.
      1500 21St Ave NW, Minot, ND 58703
      View Details
    • $1,503,163

      Dollar General Investment Opportunity, Minot

      New Dollar General store with a 15-year absolute NNN lease.
      4th 4Th Ave NW, Minot, ND 58703
      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

    FAQs

    What type of property is this?
    Office property - Prime Minot Office, High Occupancy
    Where is this office property located?
    The property is located at 212 Broadway Minot, ND.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: Midtown Plaza, a two-story, 19,170 SF Class B office building in Minot, ND, offers a strong cash flow with 79% occupancy.; Located at 212 S Broadway, the property sits on a 0.67-acre lot at a high-traffic corner (19,275 VPD).; One block north of Trinity Hospital & Health Center, providing excellent visibility.
    (701) 221-2222 Call to check price and availability
    Request Owner's contact information
    212 Broadway Minot, ND 58701
    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.
    212 Broadway
    Minot, ND 58701
    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
    212 Broadway Minot, ND 58701
    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 Jill Duemeland
    Jill Duemeland
    Real Estate License ID: 7141
    (701) 221-2222 (701) 221-9033
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!