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280 N Main St 1,337 SF Specialty Building Offered at $192,770 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 |
$19,773
|
$14.79
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$19,773
|
$14.79
|
| Taxes |
$644
|
$0.48
|
| Operating Expenses |
$3,705
|
$2.77
|
| Total Expenses |
$4,349
|
$3.25
|
| Net Operating Income |
$15,424
|
$11.54
|
Financial Summary (Actual - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $19,773 |
| Annual Per SF | $14.79 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $19,773 |
| Annual Per SF | $14.79 |
| Taxes (CAD) | |
|---|---|
| Annual | $644 |
| Annual Per SF | $0.48 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $3,705 |
| Annual Per SF | $2.77 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $4,349 |
| Annual Per SF | $3.25 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $15,424 |
| Annual Per SF | $11.54 |
Property Facts
| Price | $192,770 CAD | Building Class | C |
| Price Per SF | $144.18 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 | $192,770 CAD |
| Price Per SF | $144.18 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 | $46,712 CAD | |
| Land Assessment | $8,366 CAD | Annual Taxes | $644 CAD ($0.48 CAD/SF) |
| Improvements Assessment | $38,346 CAD | Tax Year | 2025 |
Property Taxes
Parcel Numbers
Land Assessment
$8,366 CAD
Improvements Assessment
$38,346 CAD
Total Assessment
$46,712 CAD
Annual Taxes
$644 CAD ($0.48 CAD/SF)
Tax Year
2025
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280 N Main St
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