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Property profile & analytics
OFF-MARKET
Flex space

1515 Railway Ave Minot, ND 58703

7,200 SF 4.79 ac lot Built 2006
Property ID
US56-0749040
Property summary
AI-generated overview

This exceptional 7,200-square-foot flex space industrial building, situated on a generous 4.79-acre lot just outside Minot city limits (58703), presents a unique owner-user opportunity. Built in 2006, the single-building property boasts a sturdy construction featuring a 60' x 120' steel structure with a steel roof and 8-inch deep poured concrete floors. The building's insulation consists of 6-inch batting, and it's heated by a well-maintained hot water boiler system (inspected and serviced every five years). A 12' x 12' brick addition houses the furnace room, providing separation from the main workspace. The property includes three overhead doors (two 16' and one 12'), a Gantry Crane, and two bathrooms, one of which is ADA accessible. Additional features enhance functionality and safety, including dedicated office space, a breakroom, and an emergency shower and eye wash station. The sale includes valuable equipment: a 30 HP 3-phase compressor and the existing security system. Utilities are in place, supplemented by a private well and septic system. The property is zoned M1 and offers significant potential for a variety of industrial and flex uses. Asking price is $950,000, resulting in a price per square foot of $131.94.

Property profile
Verified
Property type Flex space
Year built 2006
Total area 7,200 SF
Lot 4.79 ac (208,652 SF)
UPID US56-0749040
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Eagle Vault & Concrete Construction Company General Contractor
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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