Warehouse for
201 Main Street S Watford City ND 58854 Watford City, ND 58854
201 Main Street S Watford City ND 58854, Watford City, ND, 58854
$685,000
For Sale
$685,000
Warehouse property listed for sale at 201 Main Street S in Watford City, ND.
Property Size11,328 SF
Price / SF$60.47
Days on Market11
Property Features for 201 Main Street S Watford City ND 58854
General Information
- Standard status
- Active
- Size
- 11,328 SF
Building Details
- Year Built
- 1982
Listing agency
Exp Realty
(701) 369-3949
Listed by
Erik C Peterson · License #9328
(701) 369-3949
Source
Search.provenrealtynd
Added: Jul 13 Updated: Jul 21 at 4:58PM Checked: Jul 23 at 3:09AM
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 warehouse property is offered for sale. The offering includes a commercial warehouse building at 201 Main Street S in Watford City, ND.
The property is identified as having a total size of 11,328 square feet. This is a straightforward warehouse asset for buyers seeking an owned industrial facility in the Watford City area.
The property is identified as having a total size of 11,328 square feet. This is a straightforward warehouse asset for buyers seeking an owned industrial facility in the Watford City area.
Key Highlights
- Warehouse property for sale at 201 Main Street S in Watford City, ND
- Built in 1982
Local Financial Insights For Warehouse
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 | $68.0k | $6.00 |
| − Vacancy | −$5.7k | −$0.51 |
| EGI | $62.2k | $5.49 |
| − OpEx | −$9.3k | −$0.82 |
| NOI | $52.9k | $4.67 |
11,328 SF · lease $6.00/SF/yr · vacancy 8.45% · expense 15.00%
Alternative Uses
Best Use
Warehouse
$755.6K
$661.1K – $881.5K
NOI $52,891 @ 7.0% cap · market cap 7.72%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.69M
$2.36M – $3.14M
NOI $188,570 @ 7.0% cap · market cap 27.53%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Warehouses
Similar For Sale Nearby
Similar Off Market Nearby
- Horizon Resources- Watford City Grain Elevator — 508 3rd Ave SW, Watford City, ND 58854
FAQs
What type of property is this?
Warehouse - Warehouse property listed for sale at 201 Main Street S in Watford City, ND.
Where is this warehouse located?
The property is located at 201 Main Street S Watford City ND 58854 Watford City, ND.
What is the asking price?
The asking price for this property is $685,000.
What are key features of this property?
This property features: Warehouse property for sale at 201 Main Street S in Watford City, ND; Built in 1982
