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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    300 3Rd St Minot, ND 58701

    • Commercial real estate
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US56-0651225
    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.

    Current Use by Public Records

    • Active Body Chiropractic / Alternative Medicine Practice
    • Active Body Chiropractic: Dammen Jason DC / Alternative Medicine Practice
    • Word Of Mouth Window Tinting LLC / Interior Design / Auto Repair Shop

    Property Details for 300 3Rd St

    Property type
    Commercial real estate

    Description

    This exceptional commercial property, located at 300 SW 3rd St, Minot, ND 58701, presents a lucrative investment opportunity. Priced at $825,000, this completely renovated special-purpose property boasts a prime location, situated conveniently off Broadway and Burdick Expressway in Ward County. The property features three office suites, one currently leased under a five-year agreement, with another lease imminent. All units boast an excellent rental history, ensuring a strong return on investment. Beyond the office spaces, the property includes several vehicle bays, ideal for tenant parking or work vehicles, and ample storage space within each unit. Recent improvements include repaving of the off-street parking area. This central location, combined with the existing income stream and the potential for further rental income, makes this a highly desirable investment for discerning buyers seeking a stable and profitable commercial venture in a thriving North Dakota market. The property is zoned for commercial use and offers a blend of office and storage space, making it suitable for a variety of businesses. Its strategic location ensures high visibility and easy access for both tenants and clients. This is a rare opportunity to acquire a well-maintained, income-producing commercial property in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Minot
    County
    Ward
    State
    North Dakota
    Longitude
    -101.3134847
    Latitude
    48.1409274

    Comparable in this City

    • Contact for pricing

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      11.93 acres of commercial land, zoned C2.
      0-0 21St Ave SE, Minot, ND 58701
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      2.91 Acres

      Prime Minot Commercial Land

      2.91 Acres, High-Traffic Location
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    • $995,000
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      Minot Industrial Warehouse - $995,000

      Massive heated warehouse, ideal owner-user.
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      Commercial Land in Minot

      2.91 acres of commercial land for sale.
      0-0 31St Ave SE, Minot, ND 58701
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    • Contact for pricing

      Commercial Land Ready to Build

      5.44 acres of commercial land available for development.
      0-0 16Th St SW, Minot, ND 58701
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    • Contact for pricing
      4.23 Acres

      US-83 Byp

      Land • 4.23 Acres
      US-83 Byp, Minot, ND 58701
      View Details

    Similar Nearby for Sale

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      Prime Minot Commercial Lot

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      Commercial Land For Sale

      11.93 acres of commercial land, zoned C2.
      0-0 21St Ave SE, Minot, ND 58701
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      2.91 Acres

      Prime Minot Commercial Land

      2.91 Acres, High-Traffic Location
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      4.23 Acres

      US-83 Byp

      Land • 4.23 Acres
      US-83 Byp, Minot, ND 58701
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    Similar Nearby for Lease

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      4,103 SF

      Minot Office Space for Lease

      Modern Office Suites Available in Minot, ND
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    • $16 SF/Yr
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      Fountain Plaza Office Space

      Downtown Minot Office, 1,350 SF Available
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      4,645 SF

      Prime Minot Retail Space

      Highly visible, 4,645 sq ft retail space.
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      Prime Retail Space in Minot

      Retail space in the heart of Minot with high visibility.
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      30,000 SF

      64th Street Warehouse Opportunity

      Build-to-suit warehouse in Minot, ND
      520 64Th St, Minot, ND 58701
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    300 3Rd St
    Minot, ND 58701
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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.

    More about this property
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