23,290 SF Distribution
8923 Oil Ave Williston, ND 58801
8923 Oil Ave, Williston, ND, 58801
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For Sale
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Built-to-suit distribution facility for FedEx Corporation.
Property Size23,290 SF
Price / SF$250.58
Days on Market507
Property Features for 8923 Oil Ave
General Information
- Standard status
- Active
- Size
- 23,290 SF
- Property subtype
- Industrial
Building Details
- Year Built
- 2017
Listing Agency
Encore Real Estate Investment Services
Listed by
Deno Bistolarides · License #6502378067
Source
Crexi
Added: Feb 28, 2025 Checked: Jul 17 at 6:20 am
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 Encore Real Estate Investment Services
Investment Insights
Based on property information with market context.
This property features a 23,290 square foot distribution facility. The property was built-to-suit for FedEx Corporation in 2017.
Key Highlights
- 23,290 square foot facility.
- Built‑to‑suit for FedEx Corporation.
- Built in 2017.
Local Financial Insights For Warehouse
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $223.6k | $9.60 |
| − Vacancy | −$10.1k | −$0.43 |
| EGI | $213.5k | $9.17 |
| − OpEx | −$32.0k | −$1.38 |
| NOI | $181.5k | $7.79 |
23,290 SF · lease $9.60/SF/yr · vacancy 4.50% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$2.59M
$2.27M – $3.02M
NOI $181,494 @ 7.0% cap · market cap 3.11%
Second Best
Industrial
$1.99M
$1.74M – $2.32M
NOI $139,391 @ 7.0% cap · market cap 2.39%
Theoretical Best
Office A
$5.14M
$4.49M – $5.99M
NOI $359,523 @ 7.0% cap · market cap 6.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
FedEx Ship Center
Logistics Company
Similar For Sale Nearby
FAQs
What type of property is this?
Distribution center - Built-to-suit distribution facility for FedEx Corporation.
Where is this distribution center located?
The property is located at 8923 Oil Ave Williston, ND.
What is the asking price?
The asking price for this property is $5,836,032.
What are key features of this property?
This property features: 23,290 square foot facility.; Built‑to‑suit for FedEx Corporation.; Built in 2017.
