Warehouse For
For Sale
$9,500,000
Pending
3711 4th Avenue Ne Watford City ND 58854, Watford City, ND 58854
For-sale warehouse property totaling 102,985 square feet in Watford City, ND.
Property Size102,985 SF
Days on Market54
Property Features for 3711 4th Avenue Ne Watford City ND 58854
General Information
Standard status
Pending
Size
102,985 SF
Building Details
Year Built
1978
Listing Agency:
Exp Realty
Listed By:
Erik C Peterson · License #9328
(701) 369-3949
Source:
Search.provenrealtynd
Added: Jul 14
Changed: Sep 3
Last Checked: Sep 4 at 2:29AM
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 Exp Realty
Investment Insights
Based on property information with market context.
This for-sale commercial warehouse property totals 102,985 square feet and is listed under the warehouse and other warehouse property types.
The building is located at 3711 4th Avenue NE in Watford City, North Dakota (58854).
The building is located at 3711 4th Avenue NE in Watford City, North Dakota (58854).
Key Highlights
- Warehouse property for sale totaling 102,985 SF in Watford City, ND
- Built in 1978
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$480,842
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.06%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,616,840
$9.6M
Cap Rate 7%
$6,869,171
$6.9M
Cap Rate 9%
$5,342,689
$5.3M
Market Conditions
NOI Build-Up for 102,985 SF
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.
Gross rent
$617.9K $6.00/SF
− Vacancy
−$52.2K −$0.51/SF
EGI
$565.7K $5.49/SF
− OpEx
−$84.9K −$0.82/SF
NOI
$480.8K $4.67/SF
Area
McKenzie County, ND
Vacancy
8.45%
Lease Rate
$6.00 /SF/Yr
Expense Ratio
15.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$9,616,840
Cap Rate 7%
$6,869,171
Cap Rate 9%
$5,342,689
Alternative Uses
Best Use
Warehouse
$6.87M
$6.01M – $8.01M
NOI $480,842 @ 7.0% cap · market cap 5.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$24.49M
$21.43M – $28.57M
NOI $1,714,330 @ 7.0% cap · market cap 18.05%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
388
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 58854, ND
9,142
Population
4,941
Households
1.9
Avg Household Size
31
Median Age
24%
College-Educated
93%
High-School Grad
666.1 sq mi
ZIP Area
14
Density / Sq Mi
$88,234
Median Household Income
$61,278
Median Earnings
$1,212
Median Rent
$387,700
Median Home Value
Market
Vacancy Rate% for Industrial in Midwest region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- 24 7 Rental & Storage — 505 12th St SE, Watford City, ND 58854
- Watford City Storage — 409 12th St NE, Watford City, ND 58854
Frequently Asked Questions
What type of property is this?
Warehouse - For-sale warehouse property totaling 102,985 square feet in Watford City, ND.
Where is this warehouse located?
The property is located at 3711 4th Avenue Ne Watford City ND 58854 Watford City, ND.
What is the asking price?
The asking price for this property is $9,500,000.
What are key features of this property?
This property features: Warehouse property for sale totaling 102,985 SF in Watford City, ND; Built in 1978
