Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Spacious Vacant Lot For Development Title is generated by Realmo AI

    L5l1b23b23 33rd Avenue West, Williston, ND 58801

    View on Map
    Claim this Listing
    Picture of Residential land & home lots at L5l1b23b23 33rd Avenue West, Williston, ND
    For Sale
    $358,000

    Land, Other - Williston, ND

    Lot size:
    1.25 Acres
    Added:
    Aug 19, 2025
    Days on Market:
    275
    Last Refresh:
    May 20 at 1:06 pm

    Property Features for L5l1b23b23 33rd Avenue West

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    1.25 Acres

    Building Details

    Architectural style
    Other

    We can help!

    Listing Contact
    Gabriel Black
    Gabriel Black

    Listing agent Gabriel Black License #9922,PersonLicenseNumber

    Listing office NextHome Fredricksen Real Estate 719 2nd St. W, ND

    Listing date Aug 19, 2025

    MLS# 4021252 Listing URL

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

    HighLights

    • Large vacant lot zoned for multi‑family development.
    • Ideal investment for builders, developers, or portfolio expansion.
    • Convenient location near schools, shopping, and major roadways.
    • Ample space for a multi‑family project.
    • Utilities are nearby.
    • Located in a growing community.

    Overview

    This spacious 1.25-acre vacant lot is zoned for multi-family use, presenting an opportunity for development. It is suited for builders, developers, or investors seeking to expand their portfolio. The property is located in a convenient area of Williston, North Dakota, near schools, shopping, and major roadways. Utilities are located nearby. The location offers accessibility and comfort for future tenants.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Map

    City
    Williston
    County
    Williams
    State
    North Dakota
    Longitude
    -103.6699066
    Latitude
    48.1768875

    Nearby Similar for Sale

    • $2,500,000

      Multifamily Complex with Development Potential

      32-unit complex with extra lot for development in Williston, ND.
      1511 4th Street West, Williston, ND 58801
      View Details
    • $45,000

      Residential Lot in Blackwood Subdivision

      One-acre corner lot ready for building with utilities available.
      Nicholas Avenue, Williston, ND 58801
      View Details
    • $30,000

      Residential Lots in Williston Location

      Two adjacent residential lots for building or investment in Williston.
      Tbd 19th Avenue West, Williston, ND 58801
      View Details
    • $662,000

      Spacious Vacant Lot For Development

      Large lot in Williston, ND, ideal for multi-family development.
      L3l1b23b29 37th Street West, Williston, ND 58801
      View Details
    • $468,000

      Spacious Vacant Lot For Development

      Large lot zoned for multi-family development near schools and shopping.
      L7l1b23b23 33rd Avenue West, Williston, ND 58801
      View Details
    • $361,000

      Spacious Vacant Lot For Development

      Large lot zoned for multi-family development in a growing community.
      L6l1b23b23 33rd Avenue West, Williston, ND 58801
      View Details
    • $668,000

      Spacious Vacant Lot in Williston

      Large lot zoned for multi-family development near schools and shopping.
      L4l1b23b30 37th Street West, Williston, ND 58801
      View Details
    • $575,000

      New Commercial Flex Condo

      4,015 sq ft flex condo in Williston, ND for sale.
      107 Washington Avenue, Williston, ND 58801
      View Details
    • Contact for pricing
      16,800 SF

      Williston ND Industrial Building

      16,800 SF building on 5.7 acres in Williston, ND.
      14072 Jackson St, Williston, ND 58801
      View Details
    • $60,000

      Vacant Land in Williston, ND

      Vacant land requiring septic and water installation in Williston, ND.
      Tbd Hawthorn Loop NW, Williston, ND 58801
      View Details
    • $1,950,000
      7,440 SF

      Industrial Property For Sale

      7,440 SqFt industrial property available for purchase.
      5624 Rooster Ln, Williston, ND 58801
      View Details
    • Contact for pricing
      24,325 SF

      Williston Shop & Office on Acreage

      24,325 SF shop and office on 19 acres for sale.
      5610 22nd Ave W, Williston, ND 58801
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - Large 1.25 acre lot zoned for multi-family development.
    Where is this residential land & home lot located?
    The property is located at L5l1b23b23 33rd Avenue West Williston, ND.
    What is the asking price?
    The asking price for this property is $358,000.
    What are key features of this property?
    This property features: Large vacant lot zoned for multi‑family development.; Ideal investment for builders, developers, or portfolio expansion.; Convenient location near schools, shopping, and major roadways.
    (701) 570-7833
    We can help!
    Listing Contact
    Gabriel Black
    Gabriel Black
    Real Estate License ID: 9922,PersonLicenseNumber
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    L5l1b23b23 33rd Avenue West, Williston, ND 58801
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!