Vintage Hotel with 36
1026 Villard St W Dickinson, ND 58601
1026 Villard St W, Dickinson, ND, 58601
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For Sale
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Well-established 1968 hotel offering 36 guest rooms, a lobby, on-site parking, and a breakfast area.
Property Size17,658 SF
Price / SF$107.60
Days on Market78
Property Features for 1026 Villard St W
General Information
- Standard status
- Active
- Size
- 17,658 SF
- Property subtype
- Hospitality, Mixed Use
Building Details
- Year Built
- 1968
Listing agency
The Real estate Co.
Listed by
Chad Renicker · License #10-179
Source
Crexi
Added: May 5 Updated: Jul 20 at 8:16PM Checked: Jul 21 at 4:58AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Real estate Co.
Investment Insights
Based on property information with market context.
This well-established vintage hotel was built in 1968 and offers 36 guest rooms. The property includes a welcoming lobby, an on-site parking area, and a breakfast area designed for guest service and convenience.
Located in Dickinson, North Dakota, the hotel serves travelers visiting regional attractions including the Badlands, Theodore Roosevelt National Park, Theodore Roosevelt President Library, and Heart River Golf Course. The listing also notes potential for additional revenue through amenities and improvements such as vending, meeting space, and upgrades to modern conveniences.
The building is positioned as a value-add opportunity with a mid-century foundation, with room to modernize guest accommodations and enhance the overall guest experience.
Located in Dickinson, North Dakota, the hotel serves travelers visiting regional attractions including the Badlands, Theodore Roosevelt National Park, Theodore Roosevelt President Library, and Heart River Golf Course. The listing also notes potential for additional revenue through amenities and improvements such as vending, meeting space, and upgrades to modern conveniences.
The building is positioned as a value-add opportunity with a mid-century foundation, with room to modernize guest accommodations and enhance the overall guest experience.
Key Highlights
- Vintage 1968 hotel in Dickinson, ND
- 36 guest rooms for lodging
- On‑site parking and a welcoming lobby
Local Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $264.9k | $15.00 |
| − Vacancy | −$93.5k | −$5.30 |
| EGI | $171.4k | $9.71 |
| − OpEx | −$90.0k | −$5.10 |
| NOI | $81.4k | $4.61 |
17,658 SF · lease $15.00/SF/yr · vacancy 35.30% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$1.16M
$1.02M – $1.36M
NOI $81,401 @ 7.0% cap · market cap 4.28%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$14.00M
$12.25M – $16.34M
NOI $980,322 @ 7.0% cap · market cap 51.60%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
1026 Oasis Inn
Hotel & Motel
Similar For Sale Nearby
FAQs
What type of property is this?
Hotel - Well-established 1968 hotel offering 36 guest rooms, a lobby, on-site parking, and a breakfast area.
Where is this hotel located?
The property is located at 1026 Villard St W Dickinson, ND.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Vintage 1968 hotel in Dickinson, ND; 36 guest rooms for lodging; On‑site parking and a welcoming lobby
