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211 Main St 1,380 SF Specialty Building Offered at $152,730 CAD 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$16,262
|
$11.78
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$16,262
|
$11.78
|
| Taxes |
$590
|
$0.43
|
| Operating Expenses |
$3,415
|
$2.47
|
| Total Expenses |
$4,005
|
$2.90
|
| Net Operating Income |
$12,257
|
$8.88
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $16,262 |
| Annual Per SF | $11.78 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $16,262 |
| Annual Per SF | $11.78 |
| Taxes (CAD) | |
|---|---|
| Annual | $590 |
| Annual Per SF | $0.43 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,415 |
| Annual Per SF | $2.47 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,005 |
| Annual Per SF | $2.90 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $12,257 |
| Annual Per SF | $8.88 |
Property Facts
| Price | $152,730 CAD | Building Class | C |
| Price Per SF | $110.67 CAD | 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 | $152,730 CAD |
| Price Per SF | $110.67 CAD |
| 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 | $45,410 CAD |
| Land Assessment | $1,227 CAD | Annual Taxes | $590 CAD ($0.43 CAD/SF) |
| Improvements Assessment | $44,183 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
76-0001-00022-020
Land Assessment
$1,227 CAD
Improvements Assessment
$44,183 CAD
Total Assessment
$45,410 CAD
Annual Taxes
$590 CAD ($0.43 CAD/SF)
Tax Year
2025
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211 Main St
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