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280 N Main St 1,337 SF Specialty Building Offered at $185,458 CAD 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 (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$19,023
|
$14.23
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$19,023
|
$14.23
|
| Taxes |
$619
|
$0.46
|
| Operating Expenses |
$3,565
|
$2.67
|
| Total Expenses |
$4,184
|
$3.13
|
| Net Operating Income |
$14,839
|
$11.10
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $19,023 |
| Annual Per SF | $14.23 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $19,023 |
| Annual Per SF | $14.23 |
| Taxes (CAD) | |
|---|---|
| Annual | $619 |
| Annual Per SF | $0.46 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,565 |
| Annual Per SF | $2.67 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,184 |
| Annual Per SF | $3.13 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $14,839 |
| Annual Per SF | $11.10 |
Property Facts
| Price | $185,458 CAD | Building Class | C |
| Price Per SF | $138.71 CAD | 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 | $185,458 CAD |
| Price Per SF | $138.71 CAD |
| 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 | $45,683 CAD | |
| Land Assessment | $8,182 CAD | Annual Taxes | $619 CAD ($0.46 CAD/SF) |
| Improvements Assessment | $37,501 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$8,182 CAD
Improvements Assessment
$37,501 CAD
Total Assessment
$45,683 CAD
Annual Taxes
$619 CAD ($0.46 CAD/SF)
Tax Year
2025
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280 N Main St
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