Warehouse Property With Approved Mobile
2018 125t Avenue Nw Watford City ND 58854, Watford City, ND 58854
For Sale
$1,600,000
Shop property with two approved mobile homes, approximately 15 acres, and availability beginning October 1, 2026.
Property Size13,400 SF
Lot Size15.00 Acres
Price / SF$119.40
Days on Market49
Property Features for 2018 125t Avenue Nw Watford City ND 58854
General Information
Standard status
Size
Lot size
Building Details
Year Built
Listing Agency:
Exp Realty
Listed By:
Erik C Peterson · License #9328
(701) 369-3949
Source:
Search.provenrealtynd
Added: Sep 19
Changed: Nov 6
Last Checked: Nov 6 at 5:13AM
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
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Investment Insights
Based on property information with market context.
Built in 2013, this warehouse property includes a shop and two approved mobile homes on approximately 15 acres. The property is scheduled to become available on October 1, 2026.
Located at 2018 125t in Watford City, North Dakota, the offering combines industrial shop space with approved residential improvements on an expansive parcel.
Located at 2018 125t in Watford City, North Dakota, the offering combines industrial shop space with approved residential improvements on an expansive parcel.
Key Highlights
- Two approved mobile homes included
- Approximately +/- 15 acres
- Shop and warehouse improvements
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$62,565
Cap Rate
3.91%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,251,300
$1.3M
Cap Rate 7%
$893,786
$893.8K
Cap Rate 9%
$695,167
$695.2K
Market Conditions
NOI Build-Up for 13,400 SF
Gross rent
$80.4K $6.00/SF
− Vacancy
−$6.8K −$0.51/SF
EGI
$73.6K $5.49/SF
− OpEx
−$11.0K −$0.82/SF
NOI
$62.6K $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 Rate 5%
$1,251,300
Cap Rate 7%
$893,786
Cap Rate 9%
$695,167
Alternative Uses
Best Use
Warehouse
$893.8K
$782.1K – $1.04M
NOI $62,565 @ 7.0% cap · market cap 3.91%
Second Best
Industrial
$736.1K
$644.1K – $858.7K
NOI $51,524 @ 7.0% cap · market cap 3.22%
Theoretical Best
Office A
$3.19M
$2.79M – $3.72M
NOI $223,062 @ 7.0% cap · market cap 13.94%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
8
Businesses Nearby
Well-served
Demand for This Use
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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
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Warehouse - Shop property with two approved mobile homes, approximately 15 acres, and availability beginning October 1, 2026.
Where is this warehouse located?
The property is located at 2018 125t Avenue Nw Watford City ND 58854 Watford City, ND.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: Two approved mobile homes included; Approximately +/- 15 acres; Shop and warehouse improvements
