Hospitality Complex on Highway
14080 Highway 85 N Alexander, ND
14080 Highway 85 N, Alexander, ND, 00000
$2,395,000
For Sale
$2,395,000
Multi-asset hospitality destination with diverse rental income streams.
Property Size23,592 SF
Lot Size33.00 Acres
Price / SF$101.52
Days on Market111
Property Features for 14080 Highway 85 N
General Information
- Standard status
- Active
- Size
- 23,592 SF
- Lot size
- 33.00 Acres
Listing Agency
Weichert, Realtors - Providence Properties
(360) 815-0095
Listed by
Michelle De Koekkoek
(360) 815-0095
Source
Exprealty
Added: Apr 1 Checked: Jul 19 at 8:06 am
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 Weichert, Realtors - Providence Properties
Investment Insights
Based on property information with market context.
This hospitality complex is situated on over 33 acres with highway frontage. It features a mix of nightly, weekly, and monthly rental income opportunities. The West Motel includes a wood-accented lobby and office, with 14 rooms on the main floor, including ADA and hearing-impaired accessible units, and 18 rooms upstairs. Guests have access to a common area overlooking the lobby, a full kitchen, and laundry facilities. Vehicle plug-ins are available for winter. The East Motel offers 28 rooms, each with private covered porches and some featuring wood finishes. Guest laundry and various layouts, including kitchenettes, are available. There are over 77 RV sites with full hookups (water, sewer, and power) and 4 cabins. The RV clubhouse includes a lounge, showers, laundry, and a covered deck. A large metal-roofed shop contains staff laundry, a half bath, and a parts room. The property includes two 5,000-gallon water storage tanks for fire protection. Located adjacent to a major highway and convenience store, the property offers high visibility and accessibility. Significant acreage remains for potential expansion.
Key Highlights
- Diverse income streams from nightly, weekly, and monthly rentals.
- Prime highway frontage on over 33 acres, offering high visibility and easy access.
- 77 RV sites with full hookups and a dedicated clubhouse with lounge, showers, laundry, and covered deck.
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 | $339.7k | $14.40 |
| − Vacancy | −$34.0k | −$1.44 |
| EGI | $305.8k | $12.96 |
| − OpEx | −$160.5k | −$6.80 |
| NOI | $145.2k | $6.16 |
23,592 SF · lease $14.40/SF/yr · vacancy 10.00% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.07M
$1.82M – $2.42M
NOI $145,232 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$5.61M
$4.91M – $6.55M
NOI $392,722 @ 7.0% cap · market cap 16.40%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Motels
FAQs
What type of property is this?
Hospitality property - Multi-asset hospitality destination with diverse rental income streams.
Where is this hospitality property located?
The property is located at 14080 Highway 85 N Alexander, ND.
What is the asking price?
The asking price for this property is $2,395,000.
What are key features of this property?
This property features: Diverse income streams from nightly, weekly, and monthly rentals.; Prime highway frontage on over 33 acres, offering high visibility and easy access.; 77 RV sites with full hookups and a dedicated clubhouse with lounge, showers, laundry, and covered deck.
