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    2703 30Th Ave Minot, ND 58703

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    2703 30Th Ave Minot, ND 58703

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    • Commercial real estate
    • 19.45 lot acres
    Off-Market
    Property ID
    US56-0252972
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 2703 30Th Ave

    Lot size
    19.45 lot acres
    Property type
    Commercial real estate
    APN
    HA10.109.000.0010-20-30

    Description

    This exceptional 19.45-acre commercial and industrial land parcel in Minot, North Dakota, presents a remarkable investment opportunity. Located at 2703 30th Ave NW, this property boasts convenient access to the four-lane US Highway 83 West Bypass, ensuring high visibility and easy accessibility. The site is situated in a rapidly growing area of northwest Minot, adjacent to existing commercial development and just blocks from the new Minot North High School, opening in August 2024. Previously improved, the land is now cleared and at grade, simplifying redevelopment. This prime location benefits from high traffic volume and proximity to key infrastructure. The property is zoned for improved commercial use and offers significant potential for various development projects, including residential, commercial, or industrial uses. The asking price is $849,000, translating to $46,173.60 per acre. This represents a unique chance to capitalize on Minot's thriving economy, driven by agriculture, energy, the US Air Force, education, and various other industries. The property is offered as a 1031 exchange opportunity, further enhancing its appeal to investors. The parcel includes Lots 1, 2, and 3, and the APN is HA10.109.000.0010-20-30. Minot's strong workforce and business-friendly environment make this a compelling investment prospect for long-term growth and return.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.3344957
    Latitude
    48.2689128

    Comparable in this City

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      Minot Industrial Land - $2.6M

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      Downtown Minot Commercial Property

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    • $820,000
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      Spacious Commercial Property Near Minot

      7200 sq ft commercial building on 4.79 acres.
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      Versatile Warehouses and Storage Buildings

      Turnkey commercial property with warehouses, office, and storage on 8.5+ acres.
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      Prime Industrial Lot For Sale

      0.88-acre light industrial lot with utilities and highway access.
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      Land Available For Sale

      Land available for sale.
      30th 30Th St NW, Minot, ND 58703
      View Details

    Similar Nearby for Sale

    • $2,600,000
      131.51 Acres

      Minot Industrial Land - $2.6M

      131 Acres, Rail Access, Port Proximity
      2900 27Th St, Minot, ND 58703
      View Details
    • $590,000
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      Downtown Minot Commercial Property

      Versatile commercial space in high-traffic downtown Minot location.
      36 NE 3Rd St, Minot, ND 58703
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    • $820,000
      7,200 SF

      Spacious Commercial Property Near Minot

      7200 sq ft commercial building on 4.79 acres.
      1515 NE Railway Ave, Minot, ND 58703
      View Details
    • $3,500,000
      371,566 SF

      Versatile Warehouses and Storage Buildings

      Turnkey commercial property with warehouses, office, and storage on 8.5+ acres.
      515 46Th Ave NW, Minot, ND 58703
      View Details
    • Contact for pricing

      Commercial Land Ready to Build

      Approximately 1 acre of commercially zoned, build-ready land.
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    • $900,000

      Minot Development Land For Sale

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      View Details
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    Minot, ND 58703
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    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.

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    2703 30Th Ave, Minot, ND, 58703

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