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    Turtle Mountains Multi-Unit Opportunity Title is generated by Realmo AI

    10307 Sjule Road, Bottineau, ND 58318

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    Claim this Listing
    For Sale
    $1,300,000

    Multi-Unit - Bottineau, ND

    Property size:
    43,000 SF
    Lot size:
    16.00 Acres
    Price / SF:
    $30/SF
    Added:
    Mar 25, 2024
    Days on Market:
    798
    Last Refresh:
    May 31 at 2:06 pm

    Property Features for 10307 Sjule Road

    General Information

    Property type
    Residential Multi Family
    Property subtype
    Other
    Bedrooms
    40
    Bathrooms
    2
    Rooms
    Bathroom 1, Bathroom 2, Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5
    Parking features
    Garage
    Standard status
    Active
    Size
    43,000 SF
    Lot size
    16.00 Acres

    Taxes and HOA fees

    Tax Annual Amount
    0

    Utilities

    Heating system
    Electric (Heating)

    Building Details

    Year built
    1985
    Year renovated
    1985
    Floors in Building
    3
    Building materials
    Stucco
    Roof type
    Asphalt
    Architectural style
    Other

    We can help!

    Listing Contact
    Joe Bender

    Listing agent Joe Bender

    Listing office Four Seasons Realty 120 11TH STREET W, Bottinesu, ND

    Listing date Mar 25, 2024

    MLS# 11262716 Listing URL

    Copyright © 2026 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Expansive 43,000 sq. ft. building with up to 60 rooms, offering immense potential.
    • Located on 16 acres in the Turtle Mountains, providing breathtaking panoramic views.
    • 16 finished rooms featuring stone flooring, custom trim, and individual electric/AC units.
    • Unfinished rooms are framed and ready for customization.
    • Durable stucco exterior and quality construction, ensuring longevity and low maintenance.
    • Equipped with its own well and the option to connect to the local rural water system.

    Overview

    Located northwest of Bottineau, ND, this 43,000 sq. ft. building is situated on 16 acres in the Turtle Mountains. The property offers panoramic views from one of the highest vantage points in the area. The exterior of the building is finished in stucco. Inside, premium stairways lead to three levels. The building's design includes up to 60 rooms. The top level was designed for penthouse apartments, the middle level for living quarters, and the ground level for hotel-style accommodations. Currently, 16 finished rooms feature stone flooring, custom trim, and individual electric/AC units. An inviting lobby is also in place. The unfinished rooms are framed and ready for customization. The building has its own well, with the option to connect to the local rural water system. The property was originally conceived as a visionary concept.
    Property Profile Location Intelligence

    Current Use by Public Records

    Hotels

    Map

    City
    Bottineau
    County
    Bottineau
    State
    North Dakota
    Longitude
    -100.475613
    Latitude
    48.908008

    FAQs

    What type of property is this?
    Hotel - 43,000 sq ft building on 16 acres near Bottineau, ND.
    Where is this hotel located?
    The property is located at 10307 Sjule Road Bottineau, ND.
    What is the asking price?
    The asking price for this property is $1,300,000.
    What are key features of this property?
    This property features: Expansive 43,000 sq. ft. building with up to 60 rooms, offering immense potential.; Located on 16 acres in the Turtle Mountains, providing **breathtaking panoramic views**.; 16 finished rooms featuring **stone flooring, custom trim, and individual electric/AC units**.
    (701) 228-5884
    We can help!
    Listing Contact
    Joe Bender
    Request Owner's contact information
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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