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    Hospitality Complex on Highway 85 Title is generated by Realmo AI

    14080 Highway 85 N, Alexander, ND

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    Claim this Listing
    For Sale
    $2,395,000

    Multi-asset hospitality destination with diverse rental income streams.

    Property size:
    23,592 SF
    Lot size:
    33.00 Acres
    Price / SF:
    $101/SF
    Added:
    Apr 1, 2026
    Days on Market:
    62
    Last Refresh:
    May 25 at 9:36 pm

    Property Features for 14080 Highway 85 N

    General Information

    Standard status
    Active
    Size
    23,592 SF
    Lot size
    33.00 Acres

    We can help!

    Listing Contact
    Michelle De Koekkoek

    Listing agent Michelle De Koekkoek

    Listing office Weichert, Realtors - Providence Properties

    Listing date Apr 1, 2026

    Source Exprealty

    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

    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.
    • West Motel: 32 rooms, wood‑accented lobby, common area, full kitchen, and laundry facilities.
    • East Motel: 28 rooms with private covered porches and some kitchenettes.
    • Two 5,000‑gallon water storage tanks dedicated to fire protection.

    Overview

    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.

    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 (±1% cap)
    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 (±1% cap)
    NOI $392,722 @ 7.0% cap · market cap 16.40%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Motels

    Suggested Use

    Restaurant Hotel & Motel Storage Facility HVAC Service Cafe & Coffee Shop Bar & Pub (Bike/Boat/Book/etc) Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Alexander
    County
    McKenzie
    State
    North Dakota
    Longitude
    -103.642698
    Latitude
    47.8430756

    Nearby Similar for Sale

    • $1,030,000
      7,632 SF

      Elk Ridge Industrial Property

      7,632 SF industrial building with long-term tenant in place.
      4127 144th Ave NW, Alexander, ND 58831
      View Details
    • $11
      11,212 SF

      Alexander Industrial Park Shop Space

      11,212 SF industrial shop with fenced yard in Alexander, ND.
      2746 Roughneck Road, Alexander, ND 58831
      View Details

    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.
    (360) 815-0095
    We can help!
    Listing Contact
    Michelle De Koekkoek
    Learn More
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    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
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