Commercial Space in
114 Main St N Berthold, ND 58718
114 Main St N, Berthold, ND, 58718
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For Sale
Contact for pricing
3,840 SF commercial space with office and apartment.
Property Size3,840 SF
Price / SF$88.54
Days on Market1250
Property Features for 114 Main St N
General Information
- Standard status
- Active
- Size
- 3,840 SF
- Property subtype
- Industrial, Mixed Use, Office
Building Details
- Year Built
- 2010
Listing Agency
Signal Realtors
(701) 500-3890
Listed by
Nathan Stremick · License #ND 8697
Source
Crexi
Added: Feb 16, 2023 Checked: Jul 20 at 2:35 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 Signal Realtors
Investment Insights
Based on property information with market context.
This commercial space, located in Berthold, offers 3,840 square feet of space. The metal shop includes a large office area with two private offices and a public restroom, equipped with both heat and air conditioning. The shop area features in-floor heating, 18-foot side walls, a 16x16 overhead door, a service sink, epoxy flooring, and a bathroom. A fully finished mezzanine houses a one-bedroom apartment with in-unit laundry. Zoned commercial, the building provides ample parking.
Key Highlights
- Large 3,840 SQFT commercial space with ample parking
- Includes a fully finished mezzanine with a 1‑bedroom apartment and in‑unit laundry
- Features a large office space with 2 private offices, heat, and AC
Local Financial Insights For Office B
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 | $42.4k | $11.04 |
| − Vacancy | −$1.1k | −$0.29 |
| EGI | $41.3k | $10.75 |
| − OpEx | −$10.3k | −$2.69 |
| NOI | $31.0k | $8.06 |
3,840 SF · lease $11.04/SF/yr · vacancy 2.60% · expense 25.00%
Alternative Uses
Best Use
Office B
$442.4K
$387.1K – $516.2K
NOI $30,969 @ 7.0% cap · market cap 9.11%
Second Best
Mixed Use
$314.8K
$275.5K – $367.3K
NOI $22,039 @ 7.0% cap · market cap 6.48%
Theoretical Best
Office A
$515.6K
$451.1K – $601.5K
NOI $36,090 @ 7.0% cap · market cap 10.61%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Mixed-use properties
FAQs
What type of property is this?
Mixed-use property - 3,840 SF commercial space with office and apartment.
Where is this mixed-use property located?
The property is located at 114 Main St N Berthold, ND.
What is the asking price?
The asking price for this property is $340,000.
What are key features of this property?
This property features: Large 3,840 SQFT commercial space with ample parking; Includes a fully finished mezzanine with a 1‑bedroom apartment and in‑unit laundry; Features a large office space with 2 private offices, heat, and AC
