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    312 Dakota Avenue Wahpeton, ND 58075

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    Claim this Listing
    For Sale
    $170,000

    Commercial - Wahpeton, ND

    Lot size:
    0.13 Acres
    Added:
    Sep 29, 2025
    Days on Market:
    216
    Last Refresh:
    May 2 at 5:06 pm

    Property Features for 312 Dakota Avenue

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Zoning
    Business/Commercial
    Parking features
    Parking Lot, Unassigned
    Exterior features
    Block, Brick/Stone
    Standard status
    Active
    APN
    50000112637000
    Lot size
    0.13 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Annual Amount
    2351.06

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1920
    Building materials
    Frame
    Roof type
    Rubber
    Architectural style
    Other

    We can help!

    Listing Contact
    Ryan Hanson
    Ryan Hanson

    Listing agent Ryan Hanson

    Listing office Keller Williams Realty Professionals 14091 Baxter Dr, Brainerd, ND

    Listing date Sep 29, 2025

    MLS# 6794142 Listing URL

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

    Overview

    Downtown Wahpeton Commercial Opportunity

    Located on Dakota Avenue in downtown Wahpeton, this commercial property benefits from a daily traffic count exceeding 5,000 vehicles, offering significant visibility and accessibility. The main level features an open floor plan suitable for retail operations. The upper level includes two unrented apartments, presenting an opportunity for additional rental income or owner occupancy. This property is located in the heart of downtown and is zoned for business and commercial use. The lot size is 0.1333 acres.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Krupkes Konsignments Discount Store

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wahpeton
    County
    Richland
    State
    North Dakota
    Longitude
    -96.604546
    Latitude
    46.264262

    Nearby Similar for Sale

    • $200,000
      10,271 SF

      Wahpeton Retail Bank Branch

      10,271 SF retail bank branch with four drive-thru lanes.
      501 Dakota Avenue, Wahpeton, ND, 58075
      View Details
    • $8
      2,500 SF

      Retail/Office Space on Dakota Avenue

      Retail or office space available for lease on Dakota Ave.
      502 Dakota Avenue, Wahpeton, ND 58075
      View Details
    • $100,000
      10,271 SF

      Wahpeton Retail Space For Sale

      10,271 SF retail building on 1.2 acres.
      501 Dakota Ave, Wahpeton, ND 58075
      View Details

    FAQs

    What type of property is this?
    Retail space - Prime commercial property with retail space and apartment rental potential.
    Where is this retail space located?
    The property is located at 312 Dakota Avenue Wahpeton, ND.
    What is the asking price?
    The asking price for this property is $170,000.
    What are key features of this property?
    This property features: Prime commercial location on Dakota Avenue in downtown Wahpeton.; High daily traffic count (over 5,000 vehicles) ensures excellent visibility.; **Two upstairs apartments offer potential for rental income or owner occupancy.**
    (218) 205-7351
    We can help!
    Listing Contact
    Ryan Hanson
    Ryan Hanson
    Real Estate License ID: 5609590
    Learn More
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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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    312 Dakota Avenue, Wahpeton, ND 58075

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