Main Street Retail
109 MAIN ST N Watford City, ND 58854
109 MAIN ST N, Watford City, ND, 58854
Contact for pricing
For Sale
Contact for pricing
Street-facing retail showroom space with a main floor and finished basement, currently configured with offices.
Property Size4,813 SF
Price / SF$197.17
Days on Market45
Property Features for 109 MAIN ST N
General Information
- Standard status
- Active
- Size
- 4,813 SF
- Property subtype
- Retail, Office
Building Details
- Year Built
- 1996
Listing agency
Paramount Real Estate
Listed by
Katie Walters · License #ND 9206
Source
Crexi
Added: Jun 9 Updated: Jul 22 at 3:48PM Checked: Jul 22 at 3:48PM
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 Paramount Real Estate
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a main floor retail/showroom area plus an additional finished basement level. The interior is currently built out with offices throughout, offering flexibility for a variety of commercial configurations. Frontage windows along Main Street provide prominent street presence and natural light suitable for customer-facing uses.
The building is located on Main Street in Watford City, surrounded by established downtown businesses, including restaurants and bars.
With both main and basement space, the layout can support retail display or showroom use on the front level while utilizing the lower level for storage, inventory, or back-of-house support, subject to the buyer’s intended layout and use.
The building is located on Main Street in Watford City, surrounded by established downtown businesses, including restaurants and bars.
With both main and basement space, the layout can support retail display or showroom use on the front level while utilizing the lower level for storage, inventory, or back-of-house support, subject to the buyer’s intended layout and use.
Key Highlights
- 1996‑built street‑facing commercial building on Main Street in Watford City
- 3,661 SF main floor with large frontage windows along Main Street
- 1,152 SF finished basement for storage, inventory, or back‑of‑house support
Local Financial Insights For Office B
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 | $96.5k | $20.04 |
| − Vacancy | −$19.3k | −$4.01 |
| EGI | $77.2k | $16.03 |
| − OpEx | −$19.3k | −$4.01 |
| NOI | $57.9k | $12.02 |
4,813 SF · lease $20.04/SF/yr · vacancy 20.00% · expense 25.00%
Alternative Uses
Best Use
Office B
$826.7K
$723.4K – $964.5K
NOI $57,872 @ 7.0% cap · market cap 6.10%
Second Best
Retail
$635.3K
$555.9K – $741.2K
NOI $44,472 @ 7.0% cap · market cap 4.69%
Theoretical Best
Office A
$1.14M
$1.00M – $1.34M
NOI $80,119 @ 7.0% cap · market cap 8.44%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Retail space
Similar For Sale Nearby
FAQs
What type of property is this?
Retail space - Street-facing retail showroom space with a main floor and finished basement, currently configured with offices.
Where is this retail space located?
The property is located at 109 MAIN ST N Watford City, ND.
What is the asking price?
The asking price for this property is $949,000.
What are key features of this property?
This property features: 1996‑built street‑facing commercial building on Main Street in Watford City; 3,661 SF main floor with large frontage windows along Main Street; 1,152 SF finished basement for storage, inventory, or back‑of‑house support
