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Property profile & analytics
OFF-MARKET
Flex space

309 40Th Ave Minot, ND 58703

65,280 SF 6.15 ac lot Built 2011
Property ID
US56-0197598
Property summary
AI-generated overview

This exceptional City industrial property offers a unique leasing opportunity. Two available shop condos, each spanning 5,440 square feet, are situated within a larger complex comprising two buildings totaling 65,280 square feet. These units boast 20-foot high ceilings, 20' wide by 16' tall overhead doors with openers, and include a private office and restroom. The units are ideally configured as "drive-through" spaces, measuring 68' x 80', and can be leased individually or combined for a total of 10,880 square feet (68' x 160'). The property features ample parking, convenient access, and is strategically located with easy access to major highways (US Highway 83, US Highway 2 East Bypass, and US Highway 2 West Bypass). Built in 2011, this Class B property sits on a 6.15-acre lot (267,733 sq ft) and benefits from in-floor heating, a feature covered by the common area maintenance (CAM) fee of approximately $2.97 per square foot annually. The CAM fee also covers snow removal and lot maintenance. The property's zoning is M1. Total parking for the entire complex is 10 spaces, with two drive-in bays. The property has a building floor area ratio (FAR) of 0.25. Currently, 10,880 square feet of space is vacant. A first month's rent free incentive is available for a limited time. Contact us for complete CAM details and lease specifics.

Property profile
Verified
Property type Flex space
Year built 2011
Total area 65,280 SF
Lot 6.15 ac (267,894 SF)
UPID US56-0197598
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
  • Indeed Oilfield Supply Warehouse & Storage
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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