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211 Main St 1,380 SF Specialty Building Offered at $158,752 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 |
$16,903
|
$12.25
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$16,903
|
$12.25
|
| Taxes |
$614
|
$0.44
|
| Operating Expenses |
$3,549
|
$2.57
|
| Total Expenses |
$4,163
|
$3.02
|
| Net Operating Income |
$12,740
|
$9.23
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $16,903 |
| Annual Per SF | $12.25 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $16,903 |
| Annual Per SF | $12.25 |
| Taxes (CAD) | |
|---|---|
| Annual | $614 |
| Annual Per SF | $0.44 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,549 |
| Annual Per SF | $2.57 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,163 |
| Annual Per SF | $3.02 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $12,740 |
| Annual Per SF | $9.23 |
Property Facts
| Price | $158,752 CAD | Building Class | C |
| Price Per SF | $115.04 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 | $158,752 CAD |
| Price Per SF | $115.04 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 | $47,085 CAD |
| Land Assessment | $1,273 CAD | Annual Taxes | $614 CAD ($0.44 CAD/SF) |
| Improvements Assessment | $45,812 CAD | Tax Year | 2025 |
Property Taxes
Parcel Number
76-0001-00022-020
Land Assessment
$1,273 CAD
Improvements Assessment
$45,812 CAD
Total Assessment
$47,085 CAD
Annual Taxes
$614 CAD ($0.44 CAD/SF)
Tax Year
2025
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211 Main St
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