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280 N Main St 1,337 SF Specialty Building Offered at $136,000 at a 8% Cap Rate in Ryder, ND 58779
Investment Highlights
- USPS credit rated tenant
- Long term tenancy
- Main Post Office
Executive Summary
Government-leased investment property featuring the Ryder, North Dakota Main Post Office.? This historic brick building, built in 1964, offers a stable income stream from the United States Postal Service with a long-term lease in place.? The property includes 1,246 square feet of interior space on a 3,250 square foot site.? The USPS operates Monday-Friday 8am-12pm and Saturday 8am-10am.? Located in Ryder, ND, a community of 100 residents in Ward County, with the nearest full-service post office 30 miles away in Turtle Lake.?
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$13,950
|
$10.43
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$13,950
|
$10.43
|
| Taxes |
$454
|
$0.34
|
| Operating Expenses |
$2,614
|
$1.96
|
| Total Expenses |
$3,068
|
$2.29
|
| Net Operating Income |
$10,882
|
$8.14
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $13,950 |
| Annual Per SF | $10.43 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $13,950 |
| Annual Per SF | $10.43 |
| Taxes | |
|---|---|
| Annual | $454 |
| Annual Per SF | $0.34 |
| Operating Expenses | |
|---|---|
| Annual | $2,614 |
| Annual Per SF | $1.96 |
| Total Expenses | |
|---|---|
| Annual | $3,068 |
| Annual Per SF | $2.29 |
| Net Operating Income | |
|---|---|
| Annual | $10,882 |
| Annual Per SF | $8.14 |
Property Facts
| Price | $136,000 | Building Class | C |
| Price Per SF | $101.72 | Lot Size | 0.52 AC |
| Sale Type | Investment | Building Size | 1,337 SF |
| Cap Rate | 8% | No. Stories | 1 |
| Property Type | Specialty | Year Built/Renovated | 1948/1964 |
| Property Subtype | Post Office |
| Price | $136,000 |
| Price Per SF | $101.72 |
| Sale Type | Investment |
| Cap Rate | 8% |
| Property Type | Specialty |
| Property Subtype | Post Office |
| Building Class | C |
| Lot Size | 0.52 AC |
| Building Size | 1,337 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1948/1964 |
1 1
Not walkable
10/100
Exceptionally drivable
90/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Numbers | Total Assessment | $33,500 | |
| Land Assessment | $6,000 | Annual Taxes | $454 ($0.34/SF) |
| Improvements Assessment | $27,500 | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$6,000
Improvements Assessment
$27,500
Total Assessment
$33,500
Annual Taxes
$454 ($0.34/SF)
Tax Year
2025
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280 N Main St
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