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211 Main St 1,380 SF Specialty Building Offered at $112,000 at a 8.02% Cap Rate in Max, ND 58759
Investment Highlights
- USPS credit rated tenancy
- Long term tenancy
- Main Post Office
Executive Summary
This is a government leased post office property located in Max, North Dakota.? The property is a single-tenant United States Post Office with an existing lease through November 30, 2027, with renewal options extending through 2037.? The lease includes a Lessor Maintenance Rider and Lessor Tax Rider.? According to the U.?S.? Census Bureau, the population of Max, ND is 358 residents.? Estimated median household income is $80,208/year and estimated median home value is $137,500.? USPS hours of operation are 8am - 12pm, Monday - Friday; 8:15am - 9am Saturday; closed Sunday.? The nearest full-service main post office is Garrison, ND, 25 miles from Max, ND.?
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$11,925
|
$8.64
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$11,925
|
$8.64
|
| Taxes |
$433
|
$0.31
|
| Operating Expenses |
$2,504
|
$1.81
|
| Total Expenses |
$2,937
|
$2.13
|
| Net Operating Income |
$8,988
|
$6.51
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $11,925 |
| Annual Per SF | $8.64 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $11,925 |
| Annual Per SF | $8.64 |
| Taxes | |
|---|---|
| Annual | $433 |
| Annual Per SF | $0.31 |
| Operating Expenses | |
|---|---|
| Annual | $2,504 |
| Annual Per SF | $1.81 |
| Total Expenses | |
|---|---|
| Annual | $2,937 |
| Annual Per SF | $2.13 |
| Net Operating Income | |
|---|---|
| Annual | $8,988 |
| Annual Per SF | $6.51 |
Property Facts
| Price | $112,000 | Building Class | C |
| Price Per SF | $81.16 | Lot Size | 0.07 AC |
| Sale Type | Investment | Building Size | 1,380 SF |
| Cap Rate | 8.02% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1906 |
| Property Subtype | Post Office |
| Price | $112,000 |
| Price Per SF | $81.16 |
| Sale Type | Investment |
| Cap Rate | 8.02% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.07 AC |
| Building Size | 1,380 SF |
| No. Stories | 1 |
| Year Built | 1906 |
1 1
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 76-0001-00022-020 | Total Assessment | $33,300 |
| Land Assessment | $900 | Annual Taxes | $433 ($0.31/SF) |
| Improvements Assessment | $32,400 | Tax Year | 2025 |
Property Taxes
Parcel Number
76-0001-00022-020
Land Assessment
$900
Improvements Assessment
$32,400
Total Assessment
$33,300
Annual Taxes
$433 ($0.31/SF)
Tax Year
2025
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211 Main St
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