B-107 Washington Ave Williston, ND 58801
Unfinished 2024 flex condo suite with an oversized overhead door, radiant in-floor heat, and open mezzanine.
Property Features for B-107 Washington Ave
General Information
- Standard status
- Active
- Size
- 4,015 SF
Listing office NextHome Fredricksen Real Estate (701) 770-3394
Listing date Jun 25, 2026
Source Exprealty
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Investment Insights
Based on property information with market context.
The property includes an oversized 18' x 18' overhead door, radiant in-floor heat, and a 6'' reinforced concrete slab designed for commercial-grade performance. City utilities are available, and there is a dedicated concrete parking pad out front. Zoned C-3 and located within Williston’s Renaissance Zone, the property may qualify for incentives such as a 5-year property tax exemption and state income tax relief for qualifying commercial or mixed-use development; buyers should verify details with the City of Williston. The mezzanine configuration may also support live/work use, subject to buyer verification of residential allowance through the Renaissance Zone program and city zoning.
Key Highlights
- 4,015 SF unfinished commercial flex condo suite with 2,687 SF main level and 1,328 SF open mezzanine
- Oversized 18' x 18' overhead door plus radiant in‑floor heat
- 6" reinforced concrete slab with steel‑frame construction; insulated metal roof and EIFS exterior accents
Local Financial Insights For Flex RnD
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 | $60.2k | $15.00 |
| − Vacancy | −$602 | −$0.15 |
| EGI | $59.6k | $14.85 |
| − OpEx | −$20.9k | −$5.20 |
| NOI | $38.8k | $9.65 |
Alternative Uses
Property Analytics
Current Use by Public Records
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