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

    424 32Nd Ave W Williston, ND 58801

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

    Five suites available for lease in Williston, North Dakota.

    Property Features for 424 32Nd Ave W

    General Information

    Standard status
    Active

    Building Details

    Year built
    2014

    We can help!

    Listing Contact
    Mike Elliott
    Mike Elliott
    Source: Crexi

    Listing Agency: ERES Companies Listing Agent: Mike Elliott

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

    Learn more

    Overview

    Multiple Suites Available For Lease

    Five suites are available for lease at this commercial property. The property is suitable for retail or office use.
    Location Intelligence

    Current Use by Public Records

    Gerard & Newhook Law ... Medical Group Sakura Japanese Steakhouse Restaurant Complete Nutrition (Bike/Boat/Book/etc) Store Altitude Analysis Medical Laboratory Kaiser oilfield services Factory

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Building Supply Big Box & Wholesale Store Pharmacy Gym & Fitness Center Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Williston
    County
    Williams
    State
    North Dakota
    Longitude
    -103.6674251
    Latitude
    48.148719

    Nearby Similar for Lease

    • Contact for pricing

      Industrial Facility with Drive-Through Bays

      16,200 SF industrial facility with drive-through bays and touchless wash.
      420 22Nd Ave East, Williston, ND 58801
      View Details
    • $14 SF/Yr
      114,340 SF

      Williston Industrial Facility For Lease

      Turn-key industrial facility in the Bakken Shale Formation epicenter.
      805 48 Ave West, Williston, ND 58801
      View Details
    • Contact for pricing

      Williston Shop with Fenced Yard

      5,000 SF shop with office and 2.7-acre fenced yard.
      4506 Dakota Pkwy W, Williston, ND 58801
      View Details
    • Contact for pricing

      Williston Industrial Property with Truck Parking

      Two buildings with fenced yard and truck parking available for lease.
      5031 Petroleum Park Dr, Williston, ND 58801
      View Details
    • Contact for pricing

      Williston Flex Space For Lease

      Flex space in Williston, ND, with single and double units.
      4924 Saddle Ridge Cir, Williston, ND 58801
      View Details
    • Contact for pricing

      Industrial Shop with Fenced Yard

      9,968 SF industrial shop with 4.83 acre fenced yard.
      5039 Petroleum Park Dr, Williston, ND 58801
      View Details
    • Contact for pricing

      Williston Industrial Space Sublease

      Industrial property with office and shop space available for sublease.
      4319 16Th Ave W, Williston, ND 58801
      View Details
    • $19 SF/Yr
      2,150 SF

      Office Space with Private Offices

      Office space featuring reception, private offices, and open work area.
      120 26Th St E, Williston, ND 58801
      View Details
    • Contact for pricing

      Industrial Single Tenant Space

      Industrial single tenant property available for lease.
      1713 44Th St W, Williston, ND 58801
      View Details
    • Contact for pricing
      2,437 SF

      1411 Dakota Pkwy

      Office properties & Spaces • 2,437 SF
      1411 Dakota Pkwy, Williston, ND 58801
      View Details
    • Contact for pricing

      Former Harley Davidson Showroom

      33,000 SF showroom with highway visibility and ample parking.
      6611 2Nd Ave W, Williston, ND 58801
      View Details
    • Contact for pricing

      Williston Industrial Campus For Rent

      Turn-key industrial operations available at a discount.
      611 37 Ave SE, Williston, ND 58801
      View Details

    FAQs

    What type of property is this?
    Retail space - Five suites available for lease in Williston, North Dakota.
    Where is this retail space located?
    The property is located at 424 32Nd Ave W Williston, ND.
    What are key features of this property?
    This property features: - Five suites available for lease.; - Property was built in 2014.
    Request Owner's contact information
    424 32Nd Ave W Williston, ND 58801
    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.
    424 32Nd Ave W
    Williston, ND 58801
    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
    424 32Nd Ave W Williston, ND 58801
    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!
    Listing Contact
    Mike Elliott
    Mike Elliott
    Real Estate License ID: 8673
    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!