Flex Space with Overhead
For Sale
$450,000
Pending
2045 125th Ave Nw, Watford City, ND 58854
Paved access from 125th Avenue serves a shop with manager’s quarters adaptable for office use.
Property Size3,760 SF
Lot Size2.90 Acres
Days on Market201
Property Features for 2045 125th Ave Nw
General Information
Standard status
Pending
Size
3,760 SF
Lot size
2.90 Acres
Additional Details
Road Access
Yes
Drive-In Doors
2
Taxes and HOA fees
Annual Taxes
$1,547
Listing Agency:
eXp Realty
(612) 751-9303
Listed By:
Linda Bone · License #10617
(701) 300-0323
Source:
Exprealty
Added: Apr 1
Changed: Oct 4
Last Checked: Oct 16 at 10:39AM
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.
This 3,760 SF flex-space property includes a 2,880-square-foot commercial shop configured for vehicle and equipment access through two 14' x 14' overhead doors. The work area has propane heating and floor drains. Attached manager’s quarters provide four bedrooms and one bathroom, with the source also identifying conversion to office use as an option. A patio extends from the living room.
The property occupies 2.9 acres at 2045 125th Ave NW in Watford City, ND. Paved access is provided directly from 125th Avenue for customers and employees. The acreage also accommodates the outdoor storage or future expansion uses identified for the property.
The property occupies 2.9 acres at 2045 125th Ave NW in Watford City, ND. Paved access is provided directly from 125th Avenue for customers and employees. The acreage also accommodates the outdoor storage or future expansion uses identified for the property.
Key Highlights
- 3,760 SF property with a 2,880‑square‑foot commercial shop
- Two 14' x 14' overhead doors support vehicle and equipment access
- Manager’s quarters include 4 bedrooms and 1 bathroom
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,623
Cap Rate
4.14%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,460
$372.5K
Cap Rate 7%
$266,043
$266.0K
Cap Rate 9%
$206,922
$206.9K
Market Conditions
NOI Build-Up for 3,760 SF
Gross rent
$45.1K $12.00/SF
− Vacancy
−$16.5K −$4.38/SF
EGI
$28.7K $7.62/SF
− OpEx
−$10.0K −$2.67/SF
NOI
$18.6K $4.95/SF
Area
McKenzie County, ND
Vacancy
36.50%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$372,460
Cap Rate 7%
$266,043
Cap Rate 9%
$206,922
Alternative Uses
Best Use
Flex RnD
$266.0K
$232.8K – $310.4K
NOI $18,623 @ 7.0% cap · market cap 4.14%
Second Best
Warehouse
$250.8K
$219.5K – $292.6K
NOI $17,556 @ 7.0% cap · market cap 3.90%
Theoretical Best
Office A
$894.1K
$782.4K – $1.04M
NOI $62,590 @ 7.0% cap · market cap 13.91%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
2
Drive-in doors
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in Midwest region
Frequently Asked Questions
What type of property is this?
Flex space - Paved access from 125th Avenue serves a shop with manager’s quarters adaptable for office use.
Where is this flex space located?
The property is located at 2045 125th Ave Nw Watford City, ND.
What is the asking price?
The asking price for this property is $450,000.
What are key features of this property?
This property features: 3,760 SF property with a 2,880‑square‑foot commercial shop; Two 14' x 14' overhead doors support vehicle and equipment access; Manager’s quarters include 4 bedrooms and 1 bathroom
